Investment Market Update
Asian stocks were mixed and the dollar gave up the gains it had made when the US Treasury Secretary spoke in support of a stronger currency as escalating tensions around North Korea dragged sentiment lower.
US stocks closed in decisively positive territory on Monday after investors returned from a three-day weekend in an upbeat mood.
UK stocks closed lower amid light trading volumes ahead of the Easter break as well as banking shares falling after healthy results from US banks including JP Morgan and Citigroup failed to boost confidence.
- Netflix has grown slower than it expected in the first three months of the year, but insists that the opportunity for growth is "gigantic". The streaming firm added 4.95 million new subscribers in the quarter, fewer than the 5.2 million it had forecast. In the US, the firm added a third fewer new members than the same period a year ago, while overseas members fell 22%.
- UK cereal firm Weetabix is to be bought by US firm Post Holdings for £1.4bn, its owner has confirmed. Weetabix, made in the UK since 1932, was put up for sale in January by China's Bright Food, which bought a 60% stake in 2012. Bright's acquisition was the largest by a Chinese firm at the time, but it is believed to have struggled to build significant market share in China.
|FTSE All Share||4,012.30||-0.1%||3.6%||12.5%|
|FTSE Small Cap||5,484.14||0.1%||6.6%||11.0%|
|St. James's Place||1,066.00||0.8%||7.2%||3.9%|
|Euro Stoxx 600||380.58||-0.3%||5.3%||-1.2%|
|Dow Jones Ind||20,636.92||0.9%||4.4%||13.4%|
|MSCI AC Asia Pacific||146.80||0.0%||8.7%||2.3%|
|MSCI World (Developed)||1,833.13||-0.5%||4.7%||5.3%|
|MSCI AC World (Dev & Em)||444.66||-0.4%||5.4%||5.6%|
|MSCI Emerging Markets||962.85||0.5%||11.7%||8.6%|
|MSCI AC World Value||199.70||-0.6%||2.7%||9.5%|
|MSCI AC World Growth||233.41||-0.3%||8.2%||1.8%|
|FTSE Gilts All Stocks||3,607.86||0.1%||2.4%||8.5%|
|FTSE Index Linked All Stocks||677.19||-0.8%||6.4%||21.2%|
|ML Sterling Corporate Bonds||390.94||0.1%||2.5%||10.7%|
|ML Global High Yield Bonds||354.31||0.1%||3.4%||15.0%|
|Brent Crude Oil||55.36||-0.9%||-5.3%||23.4%|
|Consumer Goods and Services||22,363.19||0.0%||13.6%||9.6%|
|Oil & Gas||7,962.98||-0.9%||-6.8%||54.2%|
|$ per £||1.25||-0.2%||1.2%||-16.3%|
|€ per £||0.85||0.0%||-0.6%||-15.7%|
|¥ per £||0.73||-0.3%||5.5%||-22.7%|
|VIX Index (Volatility)||14.66||-7.0%||4.4%||-22.9%|
|Baltic Dry Index||1,296.00||1.1%||34.9%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.34%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||26.83|
|FTSE All Share Adj P/E||24.96|
|FTSE All Share Yld||3.88%|
|15yr Gilt Yield||1.42%|
|10yr Gilt Yield||1.04%|
|10yr US Tres Yield||2.25%|
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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