Investment Market Update
Asian stocks rounded out the week in mixed fashion as investors gauged whether China and the US can de-escalate their trade spat before the G20 summit later this month.
US stocks closed higher after a report that US trade representative Robert Lighthizer has informed industry executives that the next round of tariffs on Chinese imports has been put on hold.
UK stocks in banks and housebuilders fell on Thursday as traders sold stocks of firms with exposure to the UK economy.
- The pound suffered its first week of losses this month and volatility soared to a two-year high after the Brexit deal led to speculation of a leadership challenge.
- The Federal Reserve Chairman Jerome Powell has laid out a scenario for a pause in the central bank’s interest rate hiking campaign sometime next year by highlighting potential headwinds to the US economy.
|FTSE All Share||3,857.13||-0.1%||-8.6%||9.0%|
|FTSE Small Cap||5,476.22||0.6%||-7.4%||14.9%|
|St. James's Place||1,025.50||-3.3%||-16.4%||20.9%|
|Euro Stoxx 600||358.43||-1.1%||-7.9%||7.7%|
|Dow Jones Ind||25,289.27||0.8%||2.3%||25.1%|
|MSCI AC Asia Pacific||151.77||1.0%||-12.7%||28.7%|
|MSCI World (Developed)||2,026.30||0.6%||-3.7%||20.1%|
|MSCI AC World (Dev & Em)||486.87||0.6%||-5.1%||21.6%|
|MSCI Emerging Markets||980.85||1.3%||-15.3%||34.2%|
|MSCI AC World Value||208.10||0.4%||-7.1%||15.2%|
|MSCI AC World Growth||267.96||0.8%||-3.2%||28.3%|
|FTSE Gilts All Stocks||3,563.13||0.8%||-0.7%||3.0%|
|FTSE Index Linked All Stocks||645.26||1.3%||-0.4%||2.3%|
|ML Sterling Corporate Bonds||391.78||0.2%||-2.3%||5.7%|
|ML Global High Yield Bonds||370.19||-0.4%||-1.9%||9.7%|
|Brent Crude Oil||66.62||0.8%||5.2%||14.5%|
|Consumer Goods and Services||18,514.90||0.0%||-17.2%||13.6%|
|Oil & Gas||8,899.11||2.1%||-1.8%||6.0%|
|$ per £||1.30||1.6%||-4.2%||9.5%|
|€ per £||1.15||1.8%||1.8%||-4.0%|
|¥ per £||147.16||1.8%||-3.3%||5.3%|
|VIX Index (Volatility)||19.98||-6.0%||81.0%||-21.4%|
|Baltic Dry Index||1,020.00||1.1%||-25.3%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.89%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.71|
|FTSE All Share Adj P/E||10.76|
|FTSE All Share Yld||4.48%|
|15yr Gilt Yield||1.61%|
|10yr Gilt Yield||1.37%|
|10yr US Tres Yield||3.11%|
Market prices will reflect the last closing prices with the exception of the Asian markets which may be still trading at the time the data is obtained. The data for these markets is therefore a snapshot of live trading data obtained between 06.45 and 07.15 GMT. Growth is shown cumulative and is not annualised. A positive currency movement indicates the £ appreciating against the other currency. Performance data does not account for the re-investment of dividends. This information has been reproduced by kind permission of Bloomberg and does not necessarily reflect the opinions of St. James's Place Wealth Management. St. James's Place considers the information to be reliable but it is not intended to provide a sufficient basis on which to make an investment decision.
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