Investment Market Update
Asian stocks were mixed and the yen recovering, as concerns about rising US-China tensions offset signs of a better-than-expected start to the earnings season.
US stocks rallied, lifted by bank stocks as investors parsed the latest batch of corporate earnings.
UK stocks closed lower as educational publisher Pearson fell by 6% to 918.2p after admitting it had to cut costs in order to keep it on track to meet its full-year profit guidance.
- The British pound advanced as UK Prime Minister Theresa May survived a vote of no confidence in her government by a narrow margin.
- A combination of the China trade war and government shutdown could be enough to tip the US economy into recession this year, according to Torsten Slok, Deutsche Bank’s chief international economist.
|FTSE All Share||3,769.07||-0.3%||2.6%||-13.0%|
|FTSE Small Cap||5,284.75||-0.4%||2.1%||-12.4%|
|St. James's Place||970.00||0.0%||2.8%||-23.0%|
|Euro Stoxx 600||350.59||0.5%||3.8%||-13.2%|
|Dow Jones Ind||24,207.16||0.6%||3.8%||-5.6%|
|MSCI AC Asia Pacific||152.37||0.0%||3.9%||-15.6%|
|MSCI World (Developed)||1,966.50||0.1%||4.4%||-10.4%|
|MSCI AC World (Dev & Em)||475.71||0.2%||4.4%||-11.2%|
|MSCI Emerging Markets||1,009.39||0.4%||4.5%||-16.6%|
|MSCI AC World Value||202.80||0.3%||4.3%||-13.2%|
|MSCI AC World Growth||262.50||0.1%||4.5%||-9.2%|
|FTSE Gilts All Stocks||3,614.93||-0.4%||0.1%||0.8%|
|FTSE Index Linked All Stocks||649.81||-1.4%||1.2%||-1.2%|
|ML Sterling Corporate Bonds||393.71||-0.1%||0.5%||-2.4%|
|ML Global High Yield Bonds||374.87||0.3%||2.8%||-3.7%|
|Brent Crude Oil||61.32||1.1%||14.0%||-14.9%|
|Consumer Goods and Services||17,557.06||-1.2%||0.6%||-21.0%|
|Oil & Gas||8,633.43||-1.5%||2.0%||-7.4%|
|$ per £||1.27||-0.9%||-0.1%||-6.2%|
|€ per £||1.12||-0.9%||0.4%||-1.3%|
|¥ per £||138.29||-1.3%||-1.1%||-19.7%|
|VIX Index (Volatility)||19.04||2.4%||-25.1%||160.2%|
|Baltic Dry Index||1,055.00||-3.7%||-17.0%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.93%|
|Consumer Price Index||2.10%|
|Retail Price Index||2.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.43|
|FTSE All Share Adj P/E||11.65|
|FTSE All Share Yld||4.81%|
|15yr Gilt Yield||1.51%|
|10yr Gilt Yield||1.31%|
|10yr US Tres Yield||2.72%|
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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