Investment Market Update
Asian stocks edged higher on Thursday as tensions between the United States and North Korea eased. Japan's Nikkei fell, weighed down by a stronger yen.
US stocks were slightly higher yesterday as retailers rallied, which was enough to cancel out losses for energy companies. Technology companies and firms that make and sell household goods also traded higher.
UK stocks closed higher on Wednesday, boosted by gains among mining firms, though car insurer Admiral Group fell sharply after reporting half-year results.
- Unemployment in the UK fell by 57,000 in the three months to June, official figures show, bringing the jobless rate down to 4.4%, its lowest since 1975. The squeeze on real incomes continues to grow, though at a slower pace. Average weekly earnings increased by 2.1% compared with a year earlier - slightly higher than last month's 2% increase.
- The US is looking for a "major" overhaul of the North American Free Trade Agreement, a senior US trade official said as negotiations on the pact got underway. Mexico and Canada defended the deal on Wednesday in the first day of talks to revise the trade agreement. US Trade Representative Robert Lighthizer said President Trump wanted changes beyond just updating the pact.
|FTSE All Share||4,075.81||0.7%||5.2%||12.5%|
|FTSE Small Cap||5,711.23||0.3%||11.0%||11.0%|
|St. James's Place||1,200.00||1.4%||20.7%||3.9%|
|Euro Stoxx 600||379.09||0.7%||4.9%||-1.2%|
|Dow Jones Ind||22,024.87||0.1%||11.4%||13.4%|
|MSCI AC Asia Pacific||159.04||0.3%||17.8%||2.3%|
|MSCI World (Developed)||1,954.04||0.2%||11.6%||5.3%|
|MSCI AC World (Dev & Em)||475.75||0.3%||12.8%||5.6%|
|MSCI Emerging Markets||1,060.27||0.7%||23.0%||8.6%|
|MSCI AC World Value||209.93||0.2%||8.0%||9.5%|
|MSCI AC World Growth||254.12||0.4%||17.9%||1.8%|
|FTSE Gilts All Stocks||3,582.70||-0.2%||1.6%||8.5%|
|FTSE Index Linked All Stocks||639.73||-0.3%||0.5%||21.2%|
|ML Sterling Corporate Bonds||397.91||-0.2%||4.4%||10.7%|
|ML Global High Yield Bonds||368.79||0.1%||7.7%||15.0%|
|Brent Crude Oil||50.27||-1.0%||-14.5%||23.4%|
|Consumer Goods and Services||22,323.47||0.7%||13.4%||9.6%|
|Oil & Gas||7,772.97||0.2%||-9.1%||54.2%|
|$ per £||1.29||0.1%||4.3%||-16.3%|
|€ per £||1.10||-0.2%||-6.6%||-15.7%|
|¥ per £||142.12||-0.1%||-1.6%||-22.7%|
|VIX Index (Volatility)||11.74||-2.5%||-16.4%||-22.9%|
|Baltic Dry Index||1,207.00||3.3%||25.6%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.28%|
|Consumer Price Index||2.60%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.78|
|FTSE All Share Adj P/E||21.85|
|FTSE All Share Yld||3.78%|
|15yr Gilt Yield||1.48%|
|10yr Gilt Yield||1.10%|
|10yr US Tres Yield||2.22%|
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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