Investment Market Update
Asian stocks advanced following a record breaking Wall Street session, while the yen declined as havens retreated amid optimism the US favors a peaceful resolution to North Korea’s nuclear threats.
US stocks rose, shrugging off weak economic data that was attributed to recent hurricanes. The rally came despite another missile test by North Korea and a terrorist attack in London, extending Wall Street's remarkable rise this year.
UK stocks closed lower as shares were hit by the continued rise in the value of the pound. Shares in JD Wetherspoon finished higher at 12.4% as the pub group reported a rise in full-year sales and profits.
- Bank of England officials aren’t the only ones feeling a bit more bullish about the UK economy. The Centre for Economics and Business Research upgraded its outlook for the nation’s economy, citing a pickup in manufacturing and a view that the worst of the consumer spending squeeze has passed. The group now expects UK growth of 1.6% this year and 1.4% in 2018.
- Europe and China are stepping up their coordination in the battle against global warming after the US decided to withdraw from a landmark Paris agreement to cut greenhouse gases, said Frans Timmermans, first vice president of the European Commission.
|FTSE All Share||3,962.44||-1.0%||2.3%||12.5%|
|FTSE Small Cap||5,642.21||-0.4%||9.7%||11.0%|
|St. James's Place||1,108.00||-0.6%||12.9%||3.9%|
|Euro Stoxx 600||380.71||-0.3%||5.3%||-1.2%|
|Dow Jones Ind||22,268.34||0.3%||12.7%||13.4%|
|MSCI AC Asia Pacific||162.39||0.0%||20.3%||2.3%|
|MSCI World (Developed)||1,987.72||0.2%||13.5%||5.3%|
|MSCI AC World (Dev & Em)||485.18||0.2%||15.0%||5.6%|
|MSCI Emerging Markets||1,102.16||0.2%||27.8%||8.6%|
|MSCI AC World Value||213.34||0.2%||9.8%||9.5%|
|MSCI AC World Growth||260.03||0.2%||20.6%||1.8%|
|FTSE Gilts All Stocks||3,521.24||-0.8%||-0.1%||8.5%|
|FTSE Index Linked All Stocks||625.47||-2.1%||-1.8%||21.2%|
|ML Sterling Corporate Bonds||392.55||-0.6%||3.0%||10.7%|
|ML Global High Yield Bonds||373.99||0.2%||9.2%||15.0%|
|Brent Crude Oil||55.62||0.3%||-5.4%||23.4%|
|Consumer Goods and Services||21,582.00||0.0%||9.6%||9.6%|
|Oil & Gas||7,726.14||-1.5%||-9.6%||54.2%|
|$ per £||1.34||-1.5%||8.5%||-16.3%|
|€ per £||1.13||-1.0%||-4.0%||-15.7%|
|¥ per £||148.25||-1.6%||2.6%||-22.7%|
|VIX Index (Volatility)||10.17||-2.6%||-27.6%||-22.9%|
|Baltic Dry Index||1,385.00||1.8%||44.1%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.30%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||21.71|
|FTSE All Share Adj P/E||20.96|
|FTSE All Share Yld||3.86%|
|15yr Gilt Yield||1.63%|
|10yr Gilt Yield||1.31%|
|10yr US Tres Yield||2.20%|
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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Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.