Investment Market Update
Asian stocks were mixed, amongst conflicting signals on the prospects for a truce in the China-US trade dispute, while the Federal Reserve's newly-found concerns over the global economy constrained the dollar.
US stocks closed mostly higher Friday, after comments from President Donald Trump once again sparked hopes that a trade dispute with China could be resolved in the near term.
UK stocks fell, amid the political fall-out from Theresa May's Brexit plan. The FTSE 100 share index ended 0.3% lower at 7,013.88, with shares in UK-focused stocks such as banks and housebuilders continuing to slide.
- Theresa May will appeal to business leaders to help deliver her Brexit deal, as she fights opposition in Parliament and a possible leadership challenge.
- Britain's richest man Jim Ratcliffe is hoping to extend his grip on the North Sea by buying oil and gas fields from US giant ConocoPhillips. Mr Ratcliffe's company Ineos and ConocoPhillips have both confirmed that they are in exclusive talks.
|FTSE All Share||3,843.09||-0.4%||-9.0%||9.0%|
|FTSE Small Cap||5,437.14||-0.7%||-8.0%||14.9%|
|St. James's Place||1,015.50||-1.0%||-17.2%||20.9%|
|Euro Stoxx 600||357.71||-0.2%||-8.1%||7.7%|
|Dow Jones Ind||25,413.22||0.5%||2.8%||25.1%|
|MSCI AC Asia Pacific||151.87||0.1%||-12.6%||28.7%|
|MSCI World (Developed)||2,031.76||0.3%||-3.4%||20.1%|
|MSCI AC World (Dev & Em)||488.34||0.3%||-4.8%||21.6%|
|MSCI Emerging Markets||986.31||0.6%||-14.9%||34.2%|
|MSCI AC World Value||209.16||0.5%||-6.6%||15.2%|
|MSCI AC World Growth||268.21||0.1%||-3.1%||28.3%|
|FTSE Gilts All Stocks||3,552.41||-0.3%||-1.0%||3.0%|
|FTSE Index Linked All Stocks||641.74||-0.5%||-0.9%||2.3%|
|ML Sterling Corporate Bonds||389.70||-0.5%||-2.8%||5.7%|
|ML Global High Yield Bonds||369.97||-0.1%||-2.0%||9.7%|
|Brent Crude Oil||66.76||0.2%||5.4%||14.5%|
|Consumer Goods and Services||18,453.84||-0.3%||-17.5%||13.6%|
|Oil & Gas||8,896.85||0.0%||-1.8%||6.0%|
|$ per £||1.27||-0.7%||-5.7%||9.5%|
|€ per £||1.13||0.2%||0.1%||-4.0%|
|¥ per £||144.51||-0.2%||-5.1%||5.3%|
|VIX Index (Volatility)||18.14||-9.2%||64.3%||-21.4%|
|Baltic Dry Index||1,031.00||1.1%||-24.5%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.89%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.68|
|FTSE All Share Adj P/E||10.73|
|FTSE All Share Yld||4.50%|
|15yr Gilt Yield||1.63%|
|10yr Gilt Yield||1.41%|
|10yr US Tres Yield||3.06%|
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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