Investment Market Update
Asian stocks were mixed as investors took stock of the stellar gains seen since the start of the year. Shares in Hong Kong added to their 2018 surge, though benchmarks were down in Japan.
US stocks rallied to new records with technology shares leading the charge. The Dow Jones Industrial Average hit 26,000 points for the first time.
UK stocks closed lower, as Informa, which has made a bid for rival UBM, dipped 5.8% as investors reacted negatively to the terms of the proposed tie-up.
- Bosses and directors of Carillion will not get bonuses or severance payments, the government has said. The Insolvency Service said no such payments had been made since the construction firm collapsed on Monday. The announcement comes as work on Carillion's public sector construction sites is paused pending decisions about their future.
- Apple will pay about $38bn in tax on the roughly $250bn cash pile it holds outside the US following recent changes to American tax rules. The sum is expected to be the biggest payment under the reforms, which slash the US corporate tax rate. The tech giant also plans to build a new campus and create 20,000 new jobs in the US.
|FTSE All Share||4,242.35||-0.4%||0.5%||9.0%|
|FTSE Small Cap||6,008.69||-0.5%||1.6%||14.9%|
|St. James's Place||1,252.50||0.5%||2.2%||20.9%|
|Euro Stoxx 600||397.97||-0.1%||2.3%||7.7%|
|Dow Jones Ind||26,115.65||1.3%||5.6%||25.1%|
|MSCI AC Asia Pacific||182.78||0.0%||5.2%||28.7%|
|MSCI World (Developed)||2,199.93||0.5%||4.6%||20.1%|
|MSCI AC World (Dev & Em)||537.14||0.5%||4.7%||21.6%|
|MSCI Emerging Markets||1,222.62||0.4%||5.5%||34.2%|
|MSCI AC World Value||233.59||0.4%||4.3%||15.2%|
|MSCI AC World Growth||290.96||0.6%||5.1%||28.3%|
|FTSE Gilts All Stocks||3,565.10||0.1%||-0.7%||3.0%|
|FTSE Index Linked All Stocks||643.63||0.3%||-0.6%||2.3%|
|ML Sterling Corporate Bonds||401.28||0.1%||0.1%||5.7%|
|ML Global High Yield Bonds||381.67||0.0%||1.1%||9.7%|
|Brent Crude Oil||69.38||0.3%||3.8%||14.5%|
|Consumer Goods and Services||21,996.48||-0.4%||-1.6%||13.6%|
|Oil & Gas||9,162.17||-0.7%||1.1%||6.0%|
|$ per £||1.38||-0.6%||1.9%||9.5%|
|€ per £||1.12||-0.5%||-0.1%||-4.0%|
|¥ per £||152.51||-0.6%||0.2%||5.3%|
|VIX Index (Volatility)||11.91||2.1%||7.9%||-21.4%|
|Baltic Dry Index||1,164.00||-4.7%||-14.8%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.52%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||20.91|
|FTSE All Share Adj P/E||20.29|
|FTSE All Share Yld||3.78%|
|15yr Gilt Yield||1.59%|
|10yr Gilt Yield||1.31%|
|10yr US Tres Yield||2.59%|
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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