Investment Market Update
Asian stocks looked set to retest decade highs as stocks in Tokyo and Hong Kong outperformed. Chinese stocks rallied, led by financial companies, as investors reassessed warnings about excessive gains and a crackdown on shadow banking that had shaken confidence.
US stocks increased following two down weeks, although it gave up some of the gains late in the session ahead of news that the US is suing to block AT&T Inc.’s proposed takeover of Time Warner Inc.
UK stocks rose, led by shares in Thomas Cook as they rose over 5% following some upbeat broker comment. Panmure raised its rating on the travel company to "hold" from "sell", while HSBC gave the firm a "buy" rating.
- Chemicals giant Ineos is making a move into deep water oil and gas exploration in the North Sea. Ineos has bought a majority stake in two exploration licenses in areas far to the north of Shetland, thought to have strong prospects for gas reserves. It is the latest deal for the privately-owned group which recently branched out into fashion by acquiring the motorcycle wear brand Belstaff.
- EasyJet's profits have fallen during what the airline called a "difficult year for the aviation industry". Pre-tax profits in the year to 30 September fell 17.3% to £408m, in line with guidance given last month. Passenger numbers rose 9.7%.
|FTSE All Share||4,058.05||0.2%||4.8%||12.5%|
|FTSE Small Cap||5,748.61||0.0%||11.8%||11.0%|
|St. James's Place||1,158.00||0.3%||14.2%||3.9%|
|Euro Stoxx 600||386.39||0.7%||6.9%||-1.2%|
|Dow Jones Ind||23,430.33||0.3%||18.6%||13.4%|
|MSCI AC Asia Pacific||170.02||-0.2%||25.9%||2.3%|
|MSCI World (Developed)||2,035.73||0.1%||16.2%||5.3%|
|MSCI AC World (Dev & Em)||497.28||0.1%||17.9%||5.6%|
|MSCI Emerging Markets||1,136.10||0.0%||31.8%||8.6%|
|MSCI AC World Value||215.69||0.0%||11.0%||9.5%|
|MSCI AC World Growth||270.01||0.2%||25.2%||1.8%|
|FTSE Gilts All Stocks||3,555.42||0.3%||0.9%||8.5%|
|FTSE Index Linked All Stocks||646.47||1.1%||1.5%||21.2%|
|ML Sterling Corporate Bonds||395.25||0.2%||3.7%||10.7%|
|ML Global High Yield Bonds||373.96||0.1%||9.2%||15.0%|
|Brent Crude Oil||62.22||-0.8%||6.1%||23.4%|
|Consumer Goods and Services||21,804.46||0.3%||10.8%||9.6%|
|Oil & Gas||8,532.12||-0.1%||-0.2%||54.2%|
|$ per £||1.32||-0.1%||7.1%||-16.3%|
|€ per £||1.12||-0.4%||-4.4%||-15.7%|
|¥ per £||148.14||-0.6%||2.5%||-22.7%|
|VIX Index (Volatility)||10.65||-6.8%||-24.1%||-22.9%|
|Baltic Dry Index||1,385.00||1.0%||44.1%||101.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.53%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.00%|
|Yields / Ratios|
|FTSE 100 Adj P/E||19.81|
|FTSE All Share Adj P/E||19.40|
|FTSE All Share Yld||3.90%|
|15yr Gilt Yield||1.61%|
|10yr Gilt Yield||1.29%|
|10yr US Tres Yield||2.37%|
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.