Investment Market Update
Asian stocks were mixed, after three consecutive days of record-high closes, as a technology selloff weighed on equity gauges in Japan and Taiwan.
US stocks rose, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but declines in Johnson & Johnson and Procter & Gamble kept the Dow Industrials in check.
UK stocks closed higher, following a rise in oil prices and strong revenue growth by Easyjet.
- Donald Trump's choice for the next head of the US central bank - the world's most powerful economics job - has been approved by US senators. Jerome Powell was backed in a 84-13 vote as chair of the Federal Reserve with support from Republicans and many Democrats.
- Car insurance premiums have once again risen to a new high, according to the Association of British Insurers. Between October and December 2017 average premiums rose to £481, a rise of 9% on the previous year.
|FTSE All Share||4,241.58||0.2%||0.5%||9.0%|
|FTSE Small Cap||5,997.07||0.2%||1.4%||14.9%|
|St. James's Place||1,244.50||-0.6%||1.5%||20.9%|
|Euro Stoxx 600||402.81||0.2%||3.5%||7.7%|
|Dow Jones Ind||26,210.81||0.0%||6.0%||25.1%|
|MSCI AC Asia Pacific||186.32||1.3%||7.2%||28.7%|
|MSCI World (Developed)||2,230.05||0.4%||6.0%||20.1%|
|MSCI AC World (Dev & Em)||545.17||0.5%||6.3%||21.6%|
|MSCI Emerging Markets||1,252.39||1.1%||8.1%||34.2%|
|MSCI AC World Value||236.35||0.3%||5.5%||15.2%|
|MSCI AC World Growth||296.21||0.7%||7.0%||28.3%|
|FTSE Gilts All Stocks||3,547.93||0.0%||-1.1%||3.0%|
|FTSE Index Linked All Stocks||638.15||-0.1%||-1.5%||2.3%|
|ML Sterling Corporate Bonds||400.76||0.1%||0.0%||5.7%|
|ML Global High Yield Bonds||382.32||0.2%||1.3%||9.7%|
|Brent Crude Oil||69.96||1.3%||4.6%||14.5%|
|Consumer Goods and Services||22,146.02||0.8%||-1.0%||13.6%|
|Oil & Gas||9,185.53||0.3%||1.4%||6.0%|
|$ per £||1.40||-0.2%||3.3%||9.5%|
|€ per £||1.14||0.1%||1.2%||-4.0%|
|¥ per £||155.11||0.5%||1.9%||5.3%|
|VIX Index (Volatility)||11.10||0.6%||0.5%||-21.4%|
|Baltic Dry Index||1,157.00||2.5%||-15.3%||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||20.28|
|FTSE All Share Yld||3.78%|
|15yr Gilt Yield||1.63%|
|10yr Gilt Yield||1.35%|
|10yr US Tres Yield||2.61%|
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.