Investment Market Update
Asian stocks were mixed as tech stocks rose and banks went down in Asia equities trading. Tech stocks carried on momentum from the sector’s performance on Wall Street and big Australian banks softened after a ratings cut from Moody’s.
US Stocks closed higher on Monday, as technology stocks rebounded after sell-offs last week. The increases in the technology sector came as the White House hosted a meeting with industry leaders on Monday.
UK Stocks followed other European stock markets higher after the success of Emmanuel Macron's party in the French legislative elections.
- Brexit Secreta The EU's chief negotiator said there would be "substantial" consequences from Brexit after the first round of talks with the UK. While UK Brexit Secretary David Davis said talks got off to a "promising start".
- Growth in the UK will decrease over the next few years as Brexit talks unfold and consumer spending slows according to the CBI. Slightly upgrading a previous forecast, the business lobby group said it expected growth of 1.6% for 2017 and 1.4% in 2018.
|FTSE All Share||4,113.56||0.7%||6.2%||12.5%|
|FTSE Small Cap||5,625.50||0.2%||9.4%||11.0%|
|St. James's Place||1,238.00||0.2%||24.5%||3.9%|
|Euro Stoxx 600||391.94||0.9%||8.4%||-1.2%|
|Dow Jones Ind||21,528.99||0.7%||8.9%||13.4%|
|MSCI AC Asia Pacific||155.24||0.6%||15.0%||2.3%|
|MSCI World (Developed)||1,936.52||0.7%||10.6%||5.3%|
|MSCI AC World (Dev & Em)||469.53||0.7%||11.3%||5.6%|
|MSCI Emerging Markets||1,012.95||1.0%||17.5%||8.6%|
|MSCI AC World Value||208.02||0.5%||7.0%||9.5%|
|MSCI AC World Growth||249.81||0.9%||15.9%||1.8%|
|FTSE Gilts All Stocks||3,601.26||0.1%||2.2%||8.5%|
|FTSE Index Linked All Stocks||642.67||0.7%||0.9%||21.2%|
|ML Sterling Corporate Bonds||397.53||0.1%||4.3%||10.7%|
|ML Global High Yield Bonds||363.31||0.0%||6.1%||15.0%|
|Brent Crude Oil||46.91||-1.0%||-20.2%||23.4%|
|Consumer Goods and Services||22,958.29||0.9%||16.6%||9.6%|
|Oil & Gas||7,940.87||0.8%||-7.1%||54.2%|
|$ per £||1.28||0.3%||3.6%||-16.3%|
|€ per £||1.14||-0.1%||-2.7%||-15.7%|
|¥ per £||141.74||-0.2%||-1.9%||-22.7%|
|VIX Index (Volatility)||10.37||-0.1%||-26.1%||-22.9%|
|Baltic Dry Index||848.00||-0.4%||-11.8%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.30%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||25.31|
|FTSE All Share Adj P/E||23.82|
|FTSE All Share Yld||3.77%|
|15yr Gilt Yield||1.43%|
|10yr Gilt Yield||1.03%|
|10yr US Tres Yield||2.19%|
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.