Investment Market Update
Asian stocks rose across the board on Friday as a report of progress in US-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment.
US stocks rose on optimism that the US and China will try to avoid a prolonged trade conflict. Eight of the eleven primary S&P 500 sectors traded higher, as materials and industrials outperformed while real estate and financials lagged.
UK stocks ended broadly lower on Thursday after global trade concerns re-emerged and a stronger pound hampered gains in the FTSE 100.
- The housing market outlook over the next three months is the worst for 20 years, surveyors say. A net balance of 28% of Royal Institution of Chartered Surveyors (RICS) members expect sales to fall in the next three months. It's the most downbeat reading since records started in October 1998 and the pessimism is blamed on the lack of clarity around Brexit.
- Netflix Inc.’s “Bird Box,” “You” and other new programs helped attract millions more subscribers to the streaming service last quarter. But slower sales growth disappointed investors. Though revenue grew 27% to $4.19 billion in the fourth quarter, which came up short of the $4.21 billion projected by Wall Street. The forecast for current-quarter sales also missed estimates.
|FTSE All Share||3,757.86||-0.3%||2.3%||-13.0%|
|FTSE Small Cap||5,263.59||-0.4%||1.7%||-12.4%|
|St. James's Place||960.40||-1.0%||1.7%||-23.0%|
|Euro Stoxx 600||350.73||0.0%||3.9%||-13.2%|
|Dow Jones Ind||24,370.10||0.7%||4.5%||-5.6%|
|MSCI AC Asia Pacific||152.36||0.0%||3.9%||-15.6%|
|MSCI World (Developed)||1,975.61||0.5%||4.9%||-10.4%|
|MSCI AC World (Dev & Em)||477.63||0.4%||4.8%||-11.2%|
|MSCI Emerging Markets||1,008.99||0.0%||4.5%||-16.6%|
|MSCI AC World Value||203.54||0.4%||4.7%||-13.2%|
|MSCI AC World Growth||263.67||0.4%||4.9%||-9.2%|
|FTSE Gilts All Stocks||3,601.70||-0.4%||-0.2%||0.8%|
|FTSE Index Linked All Stocks||633.13||-2.6%||-1.4%||-1.2%|
|ML Sterling Corporate Bonds||393.04||-0.2%||0.3%||-2.4%|
|ML Global High Yield Bonds||375.10||0.1%||2.8%||-3.7%|
|Brent Crude Oil||61.18||-0.2%||13.7%||-14.9%|
|Consumer Goods and Services||17,632.98||0.4%||1.1%||-21.0%|
|Oil & Gas||8,541.58||-1.1%||0.9%||-7.4%|
|$ per £||1.29||-0.8%||0.8%||-6.2%|
|€ per £||1.13||-1.0%||1.3%||-1.3%|
|¥ per £||140.06||-0.8%||0.2%||-19.7%|
|VIX Index (Volatility)||18.06||-5.1%||-29.0%||160.2%|
|Baltic Dry Index||1,077.00||2.1%||-15.3%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.92%|
|Consumer Price Index||2.10%|
|Retail Price Index||2.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.38|
|FTSE All Share Adj P/E||11.61|
|FTSE All Share Yld||4.80%|
|15yr Gilt Yield||1.54%|
|10yr Gilt Yield||1.34%|
|10yr US Tres Yield||2.75%|
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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