Investment Market Update
Asian stocks are ending the week on a tepid note, after a series of Federal Reserve speakers did little to alter projections for the path of US interest rate increases.
US stocks closed little changed on Wall Street, while the oil price remained under pressure. Among individual stocks, Oracle's shares jumped nearly 8.6% after the business software maker's quarterly profits beat expectations.
UK stocks closed lower as shares in oil companies weighed on the FTSE 100 index. Oil prices have been dragged lower by excess supplies on the global market, despite the efforts of the Opec producers' cartel to limit output in order to push prices higher.
- Prime Minister Theresa May’s proposal to safeguard residency rights of European Union citizens currently living in the UK met a tepid reception from EU leaders, who stressed that many issues remain unresolved. May told EU leaders over dinner at a summit in Brussels that almost all 3 million EU citizens in the UK will be able to continue living there after Brexit, saying she wanted to offer them as much certainty as possible about their futures.
- Thirty-four of the largest banks operating in the US cleared a Federal Reserve stress test of their ability to withstand economic shocks, showing firms are getting the hang of the once dreaded reviews, a trend that may continue if the Trump administration dials them back.
|FTSE All Share||4,069.07||-0.1%||5.1%||12.5%|
|FTSE Small Cap||5,615.06||0.2%||9.2%||11.0%|
|St. James's Place||1,195.00||-0.8%||20.2%||3.9%|
|Euro Stoxx 600||388.53||0.0%||7.5%||-1.2%|
|Dow Jones Ind||21,397.29||-0.1%||8.3%||13.4%|
|MSCI AC Asia Pacific||154.84||0.3%||14.7%||2.3%|
|MSCI World (Developed)||1,921.54||0.1%||9.7%||5.3%|
|MSCI AC World (Dev & Em)||466.09||0.1%||10.5%||5.6%|
|MSCI Emerging Markets||1,008.81||0.2%||17.0%||8.6%|
|MSCI AC World Value||205.76||0.1%||5.9%||9.5%|
|MSCI AC World Growth||248.84||0.1%||15.4%||1.8%|
|FTSE Gilts All Stocks||3,614.63||0.1%||2.6%||8.5%|
|FTSE Index Linked All Stocks||656.76||0.6%||3.1%||21.2%|
|ML Sterling Corporate Bonds||398.50||0.1%||4.5%||10.7%|
|ML Global High Yield Bonds||361.68||0.0%||5.6%||15.0%|
|Brent Crude Oil||45.22||0.9%||-23.1%||23.4%|
|Consumer Goods and Services||22,737.87||-0.5%||15.5%||9.6%|
|Oil & Gas||7,674.28||0.0%||-10.2%||54.2%|
|$ per £||1.27||-0.1%||2.6%||-16.3%|
|€ per £||1.14||0.0%||-3.2%||-15.7%|
|¥ per £||140.98||0.0%||-2.4%||-22.7%|
|VIX Index (Volatility)||10.48||-2.5%||-25.4%||-22.9%|
|Baltic Dry Index||855.00||1.3%||-11.0%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.29%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||24.95|
|FTSE All Share Adj P/E||23.50|
|FTSE All Share Yld||3.82%|
|15yr Gilt Yield||1.39%|
|10yr Gilt Yield||1.01%|
|10yr US Tres Yield||2.15%|
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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