Investment Market Update
Asian stocks retreated after benchmark US Treasury yields climbed back toward seven year highs in wake of minutes of the latest Federal Reserve policy meeting.
US stocks ended the day flat after a more hawkish tone from the Federal Reserve weighed on the market.
UK stocks closed lower as airlines weighed heavily on the index, with Easyjet closing down 5% and British Airways owner International Airlines Group down 2%. They were casualties of a profit warning from smaller rival Flybe, whose shares fell 13% after the airline said a higher pound and rising costs were starting to bite.
- UK Prime Minister Theresa May is weighing up a plan to stay tied to European Union rules for longer in a radical move designed to break the deadlock in Brexit talks, according to people familiar with the matter.
- Federal Reserve officials stepped deeper into a debate over how high to push interest rates, as a majority favoured an eventual and temporary move above the level they deem neutral for the economy in the long run.
|FTSE All Share||3,878.21||-0.2%||-8.1%||9.0%|
|FTSE Small Cap||5,571.85||-0.3%||-5.8%||14.9%|
|St. James's Place||1,060.00||0.7%||-13.5%||20.9%|
|Euro Stoxx 600||363.54||-0.4%||-6.6%||7.7%|
|Dow Jones Ind||25,706.68||-0.4%||4.0%||25.1%|
|MSCI AC Asia Pacific||154.55||0.8%||-11.1%||28.7%|
|MSCI World (Developed)||2,089.50||-0.1%||-0.7%||20.1%|
|MSCI AC World (Dev & Em)||500.52||-0.1%||-2.4%||21.6%|
|MSCI Emerging Markets||983.71||-0.1%||-15.1%||34.2%|
|MSCI AC World Value||211.73||0.1%||-5.5%||15.2%|
|MSCI AC World Growth||278.28||-0.2%||0.5%||28.3%|
|FTSE Gilts All Stocks||3,533.77||0.6%||-1.5%||3.0%|
|FTSE Index Linked All Stocks||635.69||0.8%||-1.9%||2.3%|
|ML Sterling Corporate Bonds||392.66||0.4%||-2.0%||5.7%|
|ML Global High Yield Bonds||377.21||-0.1%||0.0%||9.7%|
|Brent Crude Oil||80.05||-1.7%||25.8%||14.5%|
|Consumer Goods and Services||18,679.88||0.3%||-16.5%||13.6%|
|Oil & Gas||9,339.16||-0.3%||3.1%||6.0%|
|$ per £||1.32||0.3%||-2.4%||9.5%|
|€ per £||1.14||-0.1%||1.1%||-4.0%|
|¥ per £||147.92||0.2%||-2.8%||5.3%|
|VIX Index (Volatility)||17.40||-1.2%||57.6%||-21.4%|
|Baltic Dry Index||1,554.00||-1.5%||13.8%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.81%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.75|
|FTSE All Share Adj P/E||10.83|
|FTSE All Share Yld||4.38%|
|15yr Gilt Yield||1.73%|
|10yr Gilt Yield||1.58%|
|10yr US Tres Yield||3.21%|
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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