Investment Market Update
Asian stocks cancelled earlier losses as Chinese shares built on a Friday rally after calls for calm from the country’s top finance officials.
US stocks gave up an early rally on Friday and struggled to another mixed finish as investors continued to sell former favourites like retailers.
UK stocks finished higher for the week, pushing aside weakness across global markets and tensions surrounding the Italian budget.
- China has reported its slowest quarterly growth rate since the global financial crisis. The growth figure for the July to September quarter was 6.5% from a year earlier, the National Bureau of Statistics said. The result fell short of Reuters analyst forecasts of 6.6%. Policymakers have moved to support the cooling economy in recent months.
- One of the world's biggest tobacco firms, Philip Morris, has been accused of "staggering hypocrisy" over its new ad campaign that urges smokers to quit. The Marlboro maker said the move was "an important next step" in its aim to "ultimately stop selling cigarettes". But Cancer Research said the firm was simply trying to promote its smoking alternatives, such as heated tobacco.
|FTSE All Share||3,868.49||0.1%||-8.4%||9.0%|
|FTSE Small Cap||5,549.65||-0.6%||-6.1%||14.9%|
|St. James's Place||1,035.50||-0.9%||-15.5%||20.9%|
|Euro Stoxx 600||361.24||-0.1%||-7.2%||7.7%|
|Dow Jones Ind||25,444.34||0.3%||2.9%||25.1%|
|MSCI AC Asia Pacific||153.06||-0.2%||-11.9%||28.7%|
|MSCI World (Developed)||2,062.34||-0.1%||-2.0%||20.1%|
|MSCI AC World (Dev & Em)||494.05||-0.1%||-3.7%||21.6%|
|MSCI Emerging Markets||971.47||0.1%||-16.1%||34.2%|
|MSCI AC World Value||210.19||0.1%||-6.2%||15.2%|
|MSCI AC World Growth||273.15||-0.3%||-1.3%||28.3%|
|FTSE Gilts All Stocks||3,535.96||0.1%||-1.5%||3.0%|
|FTSE Index Linked All Stocks||633.87||-0.1%||-2.1%||2.3%|
|ML Sterling Corporate Bonds||392.37||0.0%||-2.1%||5.7%|
|ML Global High Yield Bonds||375.89||-0.1%||-0.4%||9.7%|
|Brent Crude Oil||79.78||0.6%||25.4%||14.5%|
|Consumer Goods and Services||18,963.38||1.3%||-15.2%||13.6%|
|Oil & Gas||9,388.64||1.1%||3.6%||6.0%|
|$ per £||1.30||-0.3%||-3.5%||9.5%|
|€ per £||1.14||0.2%||1.0%||-4.0%|
|¥ per £||146.30||-0.6%||-3.9%||5.3%|
|VIX Index (Volatility)||19.89||-0.8%||80.2%||-21.4%|
|Baltic Dry Index||1,576.00||0.7%||15.4%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.75|
|FTSE All Share Adj P/E||10.80|
|FTSE All Share Yld||4.40%|
|15yr Gilt Yield||1.74%|
|10yr Gilt Yield||1.58%|
|10yr US Tres Yield||3.19%|
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.