Investment Market Update
Asian markets were steady as investors keep an eye on China's Party Congress for signs on future policy direction in the world's second-largest economy. Major exporters were mixed, with most automakers recording losses: Mitsubishi Motor was down 1.98%, Nissan slid 0.23%.
US stocks were up with gains for healthcare firm UnitedHealth and drugs maker Johnson & Johnson, after the companies raised their profit forecasts. UnitedHealth shares rose 5.6% while Johnson & Johnson stock was 3% higher.
UK stocks fell overall on Tuesday, Merlin Entertainments fell 16% after it said summer trading had been poor due to bad weather and terror attacks. A fall in Sterling also contributed after the Bank of England's new deputy governor indicated he was not in favour of raising rates.
- Amazon and eBay are profiting from sellers who defraud UK taxpayers by failing to charge VAT, according to a report by MPs. The report estimates up to £1.5bn has been lost from third-party sellers on online marketplaces not charging the tax on sales they make in the UK.
A Chinese online micro-lender is set for the biggest Chinese debut on a US stock exchange this year. Qudian priced its US initial public offering at $24 per share, giving it a valuation of about $900m (£682m). The company focuses on small, short-term consumer loans for predominantly young customers.
|FTSE All Share||4,124.45||-0.2%||6.5%||12.5%|
|FTSE Small Cap||5,829.35||-0.4%||13.3%||11.0%|
|St. James's Place||1,157.00||-2.2%||17.9%||3.9%|
|Euro Stoxx 600||390.44||-0.2%||8.0%||-1.2%|
|Dow Jones Ind||22,997.44||0.2%||16.4%||13.4%|
|MSCI AC Asia Pacific||167.45||-0.2%||24.0%||2.3%|
|MSCI World (Developed)||2,027.36||-0.1%||15.8%||5.3%|
|MSCI AC World (Dev & Em)||494.94||-0.2%||17.3%||5.6%|
|MSCI Emerging Markets||1,125.67||-0.5%||30.5%||8.6%|
|MSCI AC World Value||217.39||-0.2%||11.8%||9.5%|
|MSCI AC World Growth||265.55||-0.2%||23.2%||1.8%|
|FTSE Gilts All Stocks||3,547.76||0.5%||0.7%||8.5%|
|FTSE Index Linked All Stocks||646.04||0.7%||1.5%||21.2%|
|ML Sterling Corporate Bonds||395.84||0.4%||3.8%||10.7%|
|ML Global High Yield Bonds||375.69||0.0%||9.7%||15.0%|
|Brent Crude Oil||57.88||0.1%||-1.4%||23.4%|
|Consumer Goods and Services||22,225.92||0.1%||12.9%||9.6%|
|Oil & Gas||8,411.79||-0.2%||-1.6%||54.2%|
|$ per £||1.33||0.8%||7.7%||-16.3%|
|€ per £||1.12||0.3%||-4.1%||-15.7%|
|¥ per £||148.48||0.3%||2.8%||-22.7%|
|VIX Index (Volatility)||10.31||4.0%||-26.6%||-22.9%|
|Baltic Dry Index||1,552.00||1.9%||61.5%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.38%|
|Consumer Price Index||3.00%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.33|
|FTSE All Share Adj P/E||21.58|
|FTSE All Share Yld||3.77%|
|15yr Gilt Yield||1.60%|
|10yr Gilt Yield||1.28%|
|10yr US Tres Yield||2.30%|
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.