Investment Market Update
Asian markets overall fell Friday on signs that China and the US were preparing to impose more tariffs on each other's products.
US stocks dropped on Thursday after earnings disappointed and trade concerns escalated over worries that the European Union could impose retaliatory tariffs on goods imported from the United States.
UK stocks ended marginally higher on Thursday, reversing earlier slight losses after data showed retail sales growth rose less than expected in June, depressing the pound and supporting shares in export-oriented companies.
- The pound has fallen under $1.30 after a surprise fall in retail sales in June, confounding expectations of an increase. The Office for National Statistics said sales fell by 0.5% last month compared with May - below forecasts of a 0.2% rise.
While the World Cup and hot weather helped food and drink sales, they also kept shoppers away from high streets. The weak figures cast doubt on whether interest rates will rise next month.
- Comcast has pulled out of its pursuit of 21st Century Fox, turning its focus to the attempt to take full control of Sky. The US media and cable company’s decision to end its battle with Disney will make Murdoch’s long-held ambition of buying the 61% of Sky he does not already own a more difficult task.
|FTSE All Share||4,226.13||0.0%||0.1%||9.0%|
|FTSE Small Cap||5,900.72||-0.2%||-0.2%||14.9%|
|St. James's Place||1,209.50||0.1%||-1.3%||20.9%|
|Euro Stoxx 600||386.18||-0.2%||-0.8%||7.7%|
|Dow Jones Ind||25,064.50||-0.5%||1.4%||25.1%|
|MSCI AC Asia Pacific||164.65||-0.4%||-5.3%||28.7%|
|MSCI World (Developed)||2,134.84||-0.3%||1.5%||20.1%|
|MSCI AC World (Dev & Em)||514.45||-0.4%||0.3%||21.6%|
|MSCI Emerging Markets||1,060.65||-0.8%||-8.4%||34.2%|
|MSCI AC World Value||214.21||-0.3%||-4.4%||15.2%|
|MSCI AC World Growth||290.38||-0.5%||4.9%||28.3%|
|FTSE Gilts All Stocks||3,635.28||0.5%||1.3%||3.0%|
|FTSE Index Linked All Stocks||649.27||0.8%||0.2%||2.3%|
|ML Sterling Corporate Bonds||397.53||0.3%||-0.8%||5.7%|
|ML Global High Yield Bonds||374.02||0.0%||-0.9%||9.7%|
|Brent Crude Oil||72.58||-0.4%||12.1%||14.5%|
|Consumer Goods and Services||20,631.58||0.9%||-7.7%||13.6%|
|Oil & Gas||9,824.77||1.3%||8.4%||6.0%|
|$ per £||1.31||0.5%||-3.3%||9.5%|
|€ per £||1.12||0.2%||-0.5%||-4.0%|
|¥ per £||147.33||0.5%||-3.2%||5.3%|
|VIX Index (Volatility)||12.87||6.4%||16.6%||-21.4%|
|Baltic Dry Index||1,657.00||-1.8%||21.3%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.75%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.11|
|FTSE All Share Adj P/E||13.06|
|FTSE All Share Yld||3.97%|
|15yr Gilt Yield||1.47%|
|10yr Gilt Yield||1.19%|
|10yr US Tres Yield||2.84%|
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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