Investment Market Update
Most Asian equity markets struggled for direction Tuesday, with Chinese equities lagging despite better-than-expected economic growth to start 2018.
US stocks rose on Monday as fears of an escalating conflict in Syria eased for the moment, while some of the biggest US companies reported strong quarterly results.
UK stocks closed down on Monday as the pound firmed and US shares were trading higher. The FTSE 100 was weighed down by a combination of a weaker oil price, a stronger pound and a large sell off in WPP and Evraz.
- Vauxhall plans to reduce its dealership total by about a third as consumers change the way they buy cars. The brand, which was bought by Peugeot's parent company PSA last year, plans to reduce the total from 326 to about 200. The move is part of a PSA drive to return the loss-making Vauxhall and Opel businesses to profitability.
- The pound has continued its recent strong run against the dollar pushing firmly above $1.43. The strong run means that, among the G10 group of rich nations, the UK has the best-performing currency this year. Traders say the prospect of higher UK interest rates has made the pound more attractive while the dollar has been hit by fears of trade disputes.
|FTSE All Share||3,970.00||-0.8%||-6.0%||9.0%|
|FTSE Small Cap||5,718.19||0.0%||-3.3%||14.9%|
|St. James's Place||1,072.50||-0.9%||-12.5%||20.9%|
|Euro Stoxx 600||377.74||-0.4%||-2.9%||7.7%|
|Dow Jones Ind||24,573.04||0.9%||-0.6%||25.1%|
|MSCI AC Asia Pacific||173.66||-0.1%||-0.1%||28.7%|
|MSCI World (Developed)||2,099.82||0.5%||-0.2%||20.1%|
|MSCI AC World (Dev & Em)||512.49||0.4%||-0.1%||21.6%|
|MSCI Emerging Markets||1,163.25||-0.6%||0.4%||34.2%|
|MSCI AC World Value||220.28||0.3%||-1.7%||15.2%|
|MSCI AC World Growth||280.76||0.4%||1.4%||28.3%|
|FTSE Gilts All Stocks||3,549.58||-0.3%||-1.1%||3.0%|
|FTSE Index Linked All Stocks||628.19||-0.7%||-3.0%||2.3%|
|ML Sterling Corporate Bonds||393.58||-0.1%||-1.8%||5.7%|
|ML Global High Yield Bonds||380.72||0.2%||0.9%||9.7%|
|Brent Crude Oil||71.42||-1.6%||8.6%||14.5%|
|Consumer Goods and Services||19,554.03||-1.0%||-12.6%||13.6%|
|Oil & Gas||8,648.44||-1.0%||-4.5%||6.0%|
|$ per £||1.42||-0.6%||5.4%||9.5%|
|€ per £||1.15||-0.2%||2.5%||-4.0%|
|¥ per £||152.83||-0.4%||0.4%||5.3%|
|VIX Index (Volatility)||16.56||-4.9%||50.0%||-21.4%|
|Baltic Dry Index||1,025.00||1.1%||-25.0%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.78%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.78|
|FTSE All Share Adj P/E||13.16|
|FTSE All Share Yld||4.06%|
|15yr Gilt Yield||1.70%|
|10yr Gilt Yield||1.46%|
|10yr US Tres Yield||2.83%|
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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Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.