Investment Market Update
Asian stocks were mostly higher on Monday as an election win for Shinzo Abe’s ruling bloc in Japan gave a green light for more super-easy policy stimulus, while the dollar spiked to more than three month highs against the yen. The Nikkei 225 surged 1.06%, with exporters notching gains on the softer Japanese currency. Nissan rose 1.34%, Mitsubishi Motor was up 2.12% and Sony rose 1.13%.
US stocks closed up as indexes finished at fresh record highs on the back of the US Senate passing a budget blueprint, a move that is being seen as raising the likelihood of tax cuts. Bank stocks rose with JP Morgan Chase up 1% and Goldman Sachs 2%.
UK stocks were marginally up on Friday with the FTSE 100 coming close to a new record high. Banks supported the index, with Standard Chartered up 3.2% and Barclays 1.8% higher. Meanwhile Intercontinental Hotels Group slid 1.1% despite the Holiday Inn owner reporting rising third-quarter revenues.
- Shareholders are on track to receive a record £94bn in dividend payouts from UK listed companies this year, according to a study. It comes after payouts leapt to £28.5bn in the three months to September, a record for a third quarter. The increase, which includes a rise in special dividends, was driven by bigger payouts from mining companies.
BMW has confirmed its head office was searched by European Union officials investigating an alleged cartel among five German carmakers. EU investigators are looking into allegations that BMW, Daimler, VW, Audi and Porsche colluded to limit their spending on emissions technology. BMW said EU staff had inspected its Munich offices, adding that it was assisting the regulators in their work.
|FTSE All Share||4,127.92||0.0%||6.6%||12.5%|
|FTSE Small Cap||5,823.63||0.1%||13.2%||11.0%|
|St. James's Place||1,176.00||0.8%||19.9%||3.9%|
|Euro Stoxx 600||390.13||0.3%||7.9%||-1.2%|
|Dow Jones Ind||23,328.63||0.7%||18.0%||13.4%|
|MSCI AC Asia Pacific||166.85||-0.1%||23.6%||2.3%|
|MSCI World (Developed)||2,035.58||0.1%||16.2%||5.3%|
|MSCI AC World (Dev & Em)||496.39||0.1%||17.7%||5.6%|
|MSCI Emerging Markets||1,119.69||0.2%||29.9%||8.6%|
|MSCI AC World Value||218.62||0.2%||12.5%||9.5%|
|MSCI AC World Growth||265.64||0.1%||23.2%||1.8%|
|FTSE Gilts All Stocks||3,529.06||-0.6%||0.1%||8.5%|
|FTSE Index Linked All Stocks||631.47||-1.3%||-0.8%||21.2%|
|ML Sterling Corporate Bonds||394.35||-0.4%||3.4%||10.7%|
|ML Global High Yield Bonds||376.21||-0.1%||9.8%||15.0%|
|Brent Crude Oil||57.75||0.9%||-1.7%||23.4%|
|Consumer Goods and Services||21,917.64||-0.6%||11.3%||9.6%|
|Oil & Gas||8,488.57||0.1%||-0.7%||54.2%|
|$ per £||1.32||-0.2%||6.7%||-16.3%|
|€ per £||1.11||-0.7%||-5.2%||-15.7%|
|¥ per £||148.15||-1.1%||2.5%||-22.7%|
|VIX Index (Volatility)||9.97||-0.8%||-29.0%||-22.9%|
|Baltic Dry Index||1,578.00||-0.3%||64.2%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.39%|
|Consumer Price Index||3.00%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.34|
|FTSE All Share Adj P/E||21.58|
|FTSE All Share Yld||3.78%|
|15yr Gilt Yield||1.67%|
|10yr Gilt Yield||1.33%|
|10yr US Tres Yield||2.38%|
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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