Investment Market Update
Asian stocks fell as President Xi Jinping offered no fresh commitments to open or stimulate China’s economy in a keynote speech, to the disappointment of some observers.
US stocks fell to their lowest close in 14 months as investors weighed the impact of the Federal Reserve on growth in an economy already anxious over trade, geopolitical tensions and a possible government shutdown.
UK stocks following comments that the UK Prime Minister Theresa May has given herself another four weeks to save the Brexit deal as this is still the only way to avoid a chaotic split from the European Union.
- The European Central Bank’s purchase of almost 180 billion euros ($204 billion) of corporate bonds has upended the region’s credit markets, even if some fast-moving indicators are back to pre-intervention levels.
- President Xi Jinping said China would stick to its policy agenda, despite pressure from the U.S. and others to allow more competition in its economic system and reduce support for state industry.
|FTSE All Share||3,692.57||-1.1%||-12.5%||9.0%|
|FTSE Small Cap||5,188.58||-0.4%||-12.2%||14.9%|
|St. James's Place||926.20||-1.1%||-24.5%||20.9%|
|Euro Stoxx 600||343.26||-1.1%||-11.8%||7.7%|
|Dow Jones Ind||23,592.98||-2.1%||-4.6%||25.1%|
|MSCI AC Asia Pacific||149.53||0.3%||-14.0%||28.7%|
|MSCI World (Developed)||1,914.33||-1.5%||-9.0%||20.1%|
|MSCI AC World (Dev & Em)||462.27||-1.3%||-9.9%||21.6%|
|MSCI Emerging Markets||967.82||-0.4%||-16.5%||34.2%|
|MSCI AC World Value||199.98||-1.3%||-10.7%||15.2%|
|MSCI AC World Growth||258.20||-1.8%||-6.7%||28.3%|
|FTSE Gilts All Stocks||3,619.74||-0.2%||0.9%||3.0%|
|FTSE Index Linked All Stocks||663.73||-0.3%||2.5%||2.3%|
|ML Sterling Corporate Bonds||392.25||-0.1%||-2.1%||5.7%|
|ML Global High Yield Bonds||368.85||-0.1%||-2.3%||9.7%|
|Brent Crude Oil||59.61||-1.1%||-5.4%||14.5%|
|Consumer Goods and Services||17,673.19||-1.5%||-21.0%||13.6%|
|Oil & Gas||8,550.29||-0.9%||-5.6%||6.0%|
|$ per £||1.26||-0.3%||-6.9%||9.5%|
|€ per £||1.11||0.1%||-1.2%||-4.0%|
|¥ per £||142.67||0.3%||-6.3%||5.3%|
|VIX Index (Volatility)||24.52||13.4%||122.1%||-21.4%|
|Baltic Dry Index||1,406.00||0.4%||2.9%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.90%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.26|
|FTSE All Share Adj P/E||11.52|
|FTSE All Share Yld||4.73%|
|15yr Gilt Yield||1.46%|
|10yr Gilt Yield||1.27%|
|10yr US Tres Yield||2.86%|
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.