Investment Market Update
Asian stocks were mixed as investors attempt to assess the impact of the US federal government shutdown.
US stocks rallied to new records for the third consecutive week, despite worries of a government shutdown. Technology shares led the way once again.
UK large-cap stocks closed higher while mid-cap stocks struggled, led downward by funeral provider Dignity after a profit warning. Easyjet led the winners on expectation of good results this week.
- French President Emmanuel Macron offered UK Prime Minister Theresa May the possibility of a Brexit deal that covered financial services, even as he set out options that make clear how difficult it will be for her to satisfy both business and her Conservative party.
- US lawmakers failed to negotiate an end to the government shutdown Sunday despite a bipartisan effort to a broker a deal, raising the political stakes as federal agencies begin closing at the start of their normal work-week.
|FTSE All Share||4,240.50||0.3%||0.4%||9.0%|
|FTSE Small Cap||5,996.02||0.0%||1.4%||14.9%|
|St. James's Place||1,270.50||1.1%||3.6%||20.9%|
|Euro Stoxx 600||400.88||0.5%||3.0%||7.7%|
|Dow Jones Ind||26,071.72||0.2%||5.5%||25.1%|
|MSCI AC Asia Pacific||183.60||0.7%||5.6%||28.7%|
|MSCI World (Developed)||2,207.40||0.5%||4.9%||20.1%|
|MSCI AC World (Dev & Em)||539.27||0.5%||5.1%||21.6%|
|MSCI Emerging Markets||1,232.60||0.4%||6.4%||34.2%|
|MSCI AC World Value||234.13||0.4%||4.5%||15.2%|
|MSCI AC World Growth||292.59||0.6%||5.7%||28.3%|
|FTSE Gilts All Stocks||3,552.02||0.0%||-1.0%||3.0%|
|FTSE Index Linked All Stocks||640.10||0.0%||-1.2%||2.3%|
|ML Sterling Corporate Bonds||400.56||0.0%||-0.1%||5.7%|
|ML Global High Yield Bonds||381.09||-0.1%||1.0%||9.7%|
|Brent Crude Oil||68.61||-1.0%||2.6%||14.5%|
|Consumer Goods and Services||22,134.28||1.2%||-1.0%||13.6%|
|Oil & Gas||9,102.18||-0.6%||0.5%||6.0%|
|$ per £||1.39||0.1%||2.7%||9.5%|
|€ per £||1.13||0.1%||0.8%||-4.0%|
|¥ per £||153.98||0.3%||1.2%||5.3%|
|VIX Index (Volatility)||11.27||-7.8%||2.1%||-21.4%|
|Baltic Dry Index||1,125.00||-1.2%||-17.6%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.52%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||20.93|
|FTSE All Share Adj P/E||20.29|
|FTSE All Share Yld||3.79%|
|15yr Gilt Yield||1.62%|
|10yr Gilt Yield||1.34%|
|10yr US Tres Yield||2.66%|
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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