Investment Market Update
Asian stocks were mixed on Tuesday as traders awaited Beijing’s response to an announcement made by the Trump’s administration on, Monday, that the US would put 10% tariffs on $200 billion of Chinese goods.
US stocks closed lower Monday after President Donald Trump said there would be an announcement of US tariffs on Chinese goods after the close. Apple shares fell 2.6% amid fears it could be caught in the middle of a US-China trade war.
UK shares were broadly unchanged at the close on Monday as investors waited for the next move in the trade dispute between China and the United States. Housebuilders were broadly higher off the back of encouraging house price data.
- The US is imposing new tariffs on $200bn worth of Chinese goods as it escalates its trade war with Beijing. These will apply to almost 6,000 items, marking the biggest round of US tariffs so far. Handbags, rice and textiles will be included, but some items expected to be targeted, such as smart watches and high chairs, have been excluded. China has previously vowed to retaliate against any further US tariffs. The taxes will take effect from 24 September, starting at 10% and increasing to 25% from the start of next year unless the two countries agree a deal.
- Coca-Cola Co. is in talks with Aurora Cannabis Inc. to develop cannabis-infused beverages. The world’s largest beverage company is interested in developing beverages that are infused with cannabidiol, commonly referred to as CBD, the non-psychoactive chemical found in marijuana plants. Unlike other deals between alcohol makers and cannabis producers aimed at making drinks that will give consumers a “buzz” similar to inhaling marijuana, Coca-Cola and Aurora would likely develop beverages that will ease inflammation, pain and cramping.
|FTSE All Share||4,036.99||0.0%||-4.4%||9.0%|
|FTSE Small Cap||5,785.31||-0.1%||-2.1%||14.9%|
|St. James's Place||1,097.50||-0.2%||-10.5%||20.9%|
|Euro Stoxx 600||378.31||0.1%||-2.8%||7.7%|
|Dow Jones Ind||26,062.12||-0.4%||5.4%||25.1%|
|MSCI AC Asia Pacific||160.93||-0.6%||-7.4%||28.7%|
|MSCI World (Developed)||2,160.53||-0.3%||2.7%||20.1%|
|MSCI AC World (Dev & Em)||517.50||-0.4%||0.9%||21.6%|
|MSCI Emerging Markets||1,016.43||-1.2%||-12.3%||34.2%|
|MSCI AC World Value||216.92||0.0%||-3.2%||15.2%|
|MSCI AC World Growth||290.26||-0.8%||4.9%||28.3%|
|FTSE Gilts All Stocks||3,555.83||-0.1%||-0.9%||3.0%|
|FTSE Index Linked All Stocks||628.11||-0.3%||-3.0%||2.3%|
|ML Sterling Corporate Bonds||393.90||0.0%||-1.7%||5.7%|
|ML Global High Yield Bonds||378.21||0.1%||0.2%||9.7%|
|Brent Crude Oil||78.05||-0.1%||21.9%||14.5%|
|Consumer Goods and Services||19,917.75||0.0%||-10.9%||13.6%|
|Oil & Gas||9,217.50||0.1%||1.7%||6.0%|
|$ per £||1.31||-0.7%||-3.3%||9.5%|
|€ per £||1.12||-0.1%||-0.1%||-4.0%|
|¥ per £||146.44||-0.6%||-3.8%||5.3%|
|VIX Index (Volatility)||13.68||13.3%||23.9%||-21.4%|
|Baltic Dry Index||1,357.00||-0.7%||-0.7%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.50%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.18|
|FTSE All Share Adj P/E||12.25|
|FTSE All Share Yld||4.17%|
|15yr Gilt Yield||1.67%|
|10yr Gilt Yield||1.54%|
|10yr US Tres Yield||2.99%|
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