Investment Market Update
Asian shares finished mixed on Tuesday, after the Reserve Bank of Australia released its March meeting minutes. The RBA's March meeting minutes revealed that the central bank saw growing risks in the overheating housing market.
US shares fell as banking shares came under pressure. Doubts about Washington's ability to push through financial de-regulation weighed on banks, with Goldman Sachs and JP Morgan both down more than 0.7%. Scandal-hit bank Wells Fargo also fell, ending 1.8% down after it disclosed a big fall in credit cards applications.
UK stocks hit another record as it ended the day up at 7,429.81. Dixons Carphone was the biggest riser, adding 2.6%, while insurers Direct Line and Admiral both rose about 1.7%. Associated British Foods also gained 1.7% as Goldman Sachs improved its rating on the Primark owner to "buy" from "neutral".
- Prime Minister Theresa May is to officially notify the European Union next Wednesday that the UK is leaving. Downing Street said she would write a letter to the European Council, adding that it hoped negotiations on the terms of exit and future relations could then begin as quickly as possible.
- Microsoft founder Bill Gates again tops Forbes' list of the world's richest people, in a year when the number of billionaires rose 13% to 2,043. According to the magazine's annual rich list, Mr Gates' fortune rose to $86bn, from $75bn, followed by investor Warren Buffett, up $14.8bn to $75.6bn.
|FTSE All Share||4,042.35||0.1%||4.4%||12.5%|
|FTSE Small Cap||5,411.20||-0.1%||5.2%||11.0%|
|St. James's Place||1,077.00||0.5%||6.2%||3.9%|
|Euro Stoxx 600||377.68||-0.2%||4.5%||-1.2%|
|Dow Jones Ind||20,905.86||0.0%||5.8%||13.4%|
|MSCI AC Asia Pacific||148.75||0.3%||10.1%||2.3%|
|MSCI World (Developed)||1,860.53||-0.1%||6.2%||5.3%|
|MSCI AC World (Dev & Em)||451.06||0.0%||6.9%||5.6%|
|MSCI Emerging Markets||972.35||0.7%||12.8%||8.6%|
|MSCI AC World Value||204.11||-0.1%||5.0%||9.5%|
|MSCI AC World Growth||234.95||0.1%||9.0%||1.8%|
|FTSE Gilts All Stocks||3,545.72||0.0%||0.6%||8.5%|
|FTSE Index Linked All Stocks||630.25||0.4%||-1.0%||21.2%|
|ML Sterling Corporate Bonds||386.15||0.0%||1.3%||10.7%|
|ML Global High Yield Bonds||350.97||0.0%||2.5%||15.0%|
|Brent Crude Oil||51.62||-0.3%||-11.1%||23.4%|
|Consumer Goods and Services||22,149.48||0.3%||12.5%||9.6%|
|Oil & Gas||7,922.01||-0.5%||-7.3%||54.2%|
|$ per £||1.22||-1.2%||-1.1%||-16.3%|
|€ per £||1.15||-0.1%||-2.0%||-15.7%|
|¥ per £||140.20||0.9%||-3.0%||-22.7%|
|VIX Index (Volatility)||11.34||0.5%||-19.2%||-22.9%|
|Baltic Dry Index||1,205.00||0.8%||25.4%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.34%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.17|
|FTSE All Share Adj P/E||25.03|
|FTSE All Share Yld||3.84%|
|15yr Gilt Yield||1.60%|
|10yr Gilt Yield||1.23%|
|10yr US Tres Yield||2.46%|
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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