Investment Market Update
Asian stocks were mixed, with the regional benchmark swinging between gains and losses as trade tensions between the US and China eased.
US stocks rose, as investors bet that technology companies and small, domestically-focused firms will continue to do well even if the trade dispute between the US and China gets worse. Media companies jumped after Disney reached a new deal with Twenty-First Century Fox.
UK stocks rose, as global trade-war fears eased and uncertainty over Brexit policy kept downward pressure on the pound, helping exporters.
- The chancellor is to admit for the first time that taxes will have to rise to cover the costs of increased spending on the NHS. In a speech today, Philip Hammond is expected to say that any increases will be done in a "fair and balanced way".
- The European Union will launch a raft of retaliatory tariffs against US exports on Friday, a top official has said. The move comes after US President Donald Trump imposed steep duties on steel and aluminium earlier this month.
|FTSE All Share||4,203.66||0.3%||-0.4%||9.0%|
|FTSE Small Cap||5,972.07||-0.1%||1.0%||14.9%|
|St. James's Place||1,181.50||-0.7%||-3.6%||20.9%|
|Euro Stoxx 600||384.29||0.3%||-1.3%||7.7%|
|Dow Jones Ind||24,657.80||-0.2%||-0.2%||25.1%|
|MSCI AC Asia Pacific||169.80||0.6%||-2.3%||28.7%|
|MSCI World (Developed)||2,117.76||0.3%||0.7%||20.1%|
|MSCI AC World (Dev & Em)||512.58||0.4%||-0.1%||21.6%|
|MSCI Emerging Markets||1,093.26||0.8%||-5.6%||34.2%|
|MSCI AC World Value||214.10||0.2%||-4.4%||15.2%|
|MSCI AC World Growth||288.46||0.5%||4.2%||28.3%|
|FTSE Gilts All Stocks||3,593.13||-0.2%||0.1%||3.0%|
|FTSE Index Linked All Stocks||638.24||-0.4%||-1.5%||2.3%|
|ML Sterling Corporate Bonds||395.96||-0.1%||-1.2%||5.7%|
|ML Global High Yield Bonds||373.25||0.1%||-1.1%||9.7%|
|Brent Crude Oil||74.74||-0.5%||14.8%||14.5%|
|Consumer Goods and Services||20,108.62||0.9%||-10.1%||13.6%|
|Oil & Gas||9,526.42||-0.9%||5.1%||6.0%|
|$ per £||1.32||-0.2%||-2.5%||9.5%|
|€ per £||1.14||0.0%||1.1%||-4.0%|
|¥ per £||144.84||-0.4%||-4.9%||5.3%|
|VIX Index (Volatility)||12.79||-4.2%||15.9%||-21.4%|
|Baltic Dry Index||1,373.00||-3.2%||0.5%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.63%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.12|
|FTSE All Share Adj P/E||13.10|
|FTSE All Share Yld||4.00%|
|15yr Gilt Yield||1.60%|
|10yr Gilt Yield||1.30%|
|10yr US Tres Yield||2.94%|
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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