Investment Market Update
Most Asian markets fell on Monday as investors digested the escalation in trade tensions between the US and China after both countries announced tariffs last week. The US said it will impose tariffs on $34 billion in Chinese goods beginning July 6.
US stocks were down overall although slashed early losses to close well off the lows of the day on Friday as investor worries about a US and China trade war decreased.
UK stocks were down on Friday as traders took flight due to the spectre of trade wars. Investors are fearful surrounding President Trump's tariffs tactics, worried it will hit economic growth.
- The owner of Clydesdale Bank and Yorkshire Bank, CYBG, has agreed to buy Virgin Money for £1.7bn. CYBG said the new firm would be a leading force in banking, "disrupting the status quo and championing customer service excellence". It will be the UK's sixth largest bank, with six million customers.
- Households could be left up to £1,000 a year worse off because of Brexit trade barriers, a report will suggest. Global consultancy firm Oliver Wyman will say that under the most negative scenario of high import tariffs and high regulatory barriers the cost to the economy could total £27bn.
|FTSE All Share||4,209.94||-1.6%||-0.3%||9.0%|
|FTSE Small Cap||6,004.04||-0.1%||1.6%||14.9%|
|St. James's Place||1,204.50||-2.9%||-1.8%||20.9%|
|Euro Stoxx 600||389.13||-1.0%||0.0%||7.7%|
|Dow Jones Ind||25,090.48||-0.3%||1.5%||25.1%|
|MSCI AC Asia Pacific||172.69||-0.2%||-0.6%||28.7%|
|MSCI World (Developed)||2,134.15||-0.4%||1.5%||20.1%|
|MSCI AC World (Dev & Em)||517.21||-0.4%||0.8%||21.6%|
|MSCI Emerging Markets||1,113.76||-1.1%||-3.9%||34.2%|
|MSCI AC World Value||216.28||-0.5%||-3.5%||15.2%|
|MSCI AC World Growth||290.76||-0.4%||5.0%||28.3%|
|FTSE Gilts All Stocks||3,593.01||-0.1%||0.1%||3.0%|
|FTSE Index Linked All Stocks||640.61||-0.4%||-1.1%||2.3%|
|ML Sterling Corporate Bonds||395.84||0.1%||-1.2%||5.7%|
|ML Global High Yield Bonds||373.82||-0.1%||-0.9%||9.7%|
|Brent Crude Oil||73.44||-3.3%||12.8%||14.5%|
|Consumer Goods and Services||20,075.37||-0.1%||-10.2%||13.6%|
|Oil & Gas||9,486.64||-3.3%||4.7%||6.0%|
|$ per £||1.33||0.2%||-1.6%||9.5%|
|€ per £||1.14||-0.1%||1.5%||-4.0%|
|¥ per £||146.89||0.0%||-3.5%||5.3%|
|VIX Index (Volatility)||11.98||-1.2%||8.5%||-21.4%|
|Baltic Dry Index||1,445.00||0.8%||5.8%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.63%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.09|
|FTSE All Share Adj P/E||13.49|
|FTSE All Share Yld||3.99%|
|15yr Gilt Yield||1.61%|
|10yr Gilt Yield||1.33%|
|10yr US Tres Yield||2.92%|
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