Investment Market Update
Asian Stock markets softened following a tepid lead from Wall Street as oil prices gave up recent gains, while haven assets including gold, government bonds and the Japanese yen rallied.
US Tech stocks closed higher, amid mixed US markets, as investors digested company results and a disappointing report on homebuilding.
The FTSE 100's recent record-breaking run showed no sign of ending as the UK's main share index set new intra-day and closing highs. Confidence in the outcome of the UK election and a recovery in commodity stocks helped lift the index.
- Lloyds Banking Group chief executive António Horta-Osório, said: "Today the government has sold its last shares in Lloyds Banking Group, receiving more money than was originally invested."
- Tata Steel UK has offered to pay £550m into its now-closed pension scheme and give the fund a 33% stake in its UK business.The former British Steel scheme was shut at the end of March as part of Tata's plan to avoid going bust.
|FTSE All Share||4,113.10||0.8%||6.2%||12.5%|
|FTSE Small Cap||5,632.03||0.0%||9.5%||11.0%|
|St. James's Place||1,170.00||-0.7%||17.7%||3.9%|
|Euro Stoxx 600||395.91||0.0%||9.5%||-1.2%|
|Dow Jones Ind||20,979.75||0.0%||6.2%||13.4%|
|MSCI AC Asia Pacific||151.90||0.5%||12.5%||2.3%|
|MSCI World (Developed)||1,906.23||0.2%||8.9%||5.3%|
|MSCI AC World (Dev & Em)||463.11||0.3%||9.8%||5.6%|
|MSCI Emerging Markets||1,015.05||0.5%||17.7%||8.6%|
|MSCI AC World Value||205.64||0.2%||5.8%||9.5%|
|MSCI AC World Growth||245.85||0.3%||14.0%||1.8%|
|FTSE Gilts All Stocks||3,574.87||0.3%||1.4%||8.5%|
|FTSE Index Linked All Stocks||651.43||0.2%||2.3%||21.2%|
|ML Sterling Corporate Bonds||392.89||0.2%||3.1%||10.7%|
|ML Global High Yield Bonds||361.10||0.2%||5.4%||15.0%|
|Brent Crude Oil||51.65||-0.3%||-12.0%||23.4%|
|Consumer Goods and Services||22,634.33||1.5%||15.0%||9.6%|
|Oil & Gas||8,056.04||0.9%||-5.8%||54.2%|
|$ per £||1.29||-0.1%||4.6%||-16.3%|
|€ per £||1.18||0.9%||0.3%||-15.7%|
|¥ per £||146.63||0.3%||1.5%||-22.7%|
|VIX Index (Volatility)||10.65||2.2%||-24.1%||-22.9%|
|Baltic Dry Index||980.00||-1.4%||2.0%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.32%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||25.35|
|FTSE All Share Adj P/E||23.96|
|FTSE All Share Yld||3.77%|
|15yr Gilt Yield||1.52%|
|10yr Gilt Yield||1.13%|
|10yr US Tres Yield||2.33%|
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.