Investment Market Update
Asian stocks traded mixed on Thursday after a modest rebound in technology and energy shares underpinned gains in US equities.
US stocks increased, led by a rebound in energy and technology shares. However, the market faltered toward the end of the session as Apple shares surrendered gains ahead of the Thanksgiving holiday.
UK stocks closed higher, bouncing back from losses on Tuesday. Top of the board was Johnson Matthey, a leader in catalysts for car emission control devices, which climbed more than 13% after raising its outlook.
- Nissan's board will meet on Thursday to decide whether to remove Carlos Ghosn as chairman after he was arrested on allegations of financial misconduct. The board is expected to dismiss Mr Ghosn from his post. He has been accused by Nissan of under-reporting his salary and using company assets for personal use.
- The government borrowed far more than analysts expected in October, the first figures to be published since Philip Hammond's Budget last month. The deficit rose to £8.8bn from £7.2bn last year, marking the biggest October figure for three years, and well above the £6.1bn forecast. However, the amount borrowed so far this financial year is the lowest for 13 years.
|FTSE All Share||3,857.89||1.4%||-8.6%||9.0%|
|FTSE Small Cap||5,390.87||0.4%||-8.8%||14.9%|
|St. James's Place||996.00||0.0%||-18.8%||20.9%|
|Euro Stoxx 600||355.07||1.1%||-8.8%||7.7%|
|Dow Jones Ind||24,464.69||0.0%||-1.0%||25.1%|
|MSCI AC Asia Pacific||150.14||-0.3%||-13.6%||28.7%|
|MSCI World (Developed)||1,984.73||0.4%||-5.6%||20.1%|
|MSCI AC World (Dev & Em)||477.68||0.4%||-6.9%||21.6%|
|MSCI Emerging Markets||975.04||0.3%||-15.8%||34.2%|
|MSCI AC World Value||205.69||0.1%||-8.2%||15.2%|
|MSCI AC World Growth||260.95||0.7%||-5.7%||28.3%|
|FTSE Gilts All Stocks||3,558.14||0.1%||-0.9%||3.0%|
|FTSE Index Linked All Stocks||636.61||0.1%||-1.7%||2.3%|
|ML Sterling Corporate Bonds||388.27||0.1%||-3.1%||5.7%|
|ML Global High Yield Bonds||368.80||0.2%||-2.3%||9.7%|
|Brent Crude Oil||63.48||1.5%||0.3%||14.5%|
|Consumer Goods and Services||18,532.22||0.7%||-17.1%||13.6%|
|Oil & Gas||8,924.57||2.3%||-1.5%||6.0%|
|$ per £||1.28||0.1%||-5.3%||9.5%|
|€ per £||1.12||0.3%||-0.1%||-4.0%|
|¥ per £||144.23||-0.2%||-5.3%||5.3%|
|VIX Index (Volatility)||20.80||-7.5%||88.4%||-21.4%|
|Baltic Dry Index||1,008.00||0.5%||-26.2%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.89%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.73|
|FTSE All Share Adj P/E||10.76|
|FTSE All Share Yld||4.49%|
|15yr Gilt Yield||1.61%|
|10yr Gilt Yield||1.40%|
|10yr US Tres Yield||3.06%|
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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