Investment Market Update
Asian stocks climbed Tuesday as rising yields boosted financial shares. Equities gained across the region, with the steepest advances among Chinese shares as the nation’s assets came into focus after the government unveiled a package of measures to boost domestic demand amid simmering trade tensions.
US stocks were up on Monday as result of an increase in bank shares in an otherwise lackluster session as investors digested warnings from the world’s financial leaders about the impact of protectionism on growth.
UK stocks closed in the red on Monday as geopolitical worries continue to weigh. The top riser was online grocer Ocado Group which added 5.45% as it looks to sell it's minority stake in its Chinese unit to two of the country’s biggest conglomerates, Alibaba and Tencent.
- Millions of "just about managing" families are no better off today than those in 2003, new research from the Resolution Foundation indicates. In 2003, households on the lower half of incomes typically earnt £14,900. In 2016/17 that figure had fallen to £14,800, the research shows.
- Shares in Alphabet, Google's parent company, jumped as much as 5% in after-hours trading after the firm reported stronger ad sales than expected. Alphabet earned $32.7bn in revenue in the three months to the end of June, up 26% from the same period last year. But the record €4.34bn EU fine over over Google's Android mobile operating system knocked $5bn off its profits.
|FTSE All Share||4,208.75||-0.4%||-0.3%||9.0%|
|FTSE Small Cap||5,881.68||-0.4%||-0.5%||14.9%|
|St. James's Place||1,198.00||-1.1%||-2.3%||20.9%|
|Euro Stoxx 600||384.88||-0.2%||-1.1%||7.7%|
|Dow Jones Ind||25,044.29||-0.1%||1.3%||25.1%|
|MSCI AC Asia Pacific||165.70||-0.1%||-4.7%||28.7%|
|MSCI World (Developed)||2,139.44||0.0%||1.7%||20.1%|
|MSCI AC World (Dev & Em)||515.92||0.0%||0.6%||21.6%|
|MSCI Emerging Markets||1,069.52||-0.1%||-7.7%||34.2%|
|MSCI AC World Value||215.15||0.2%||-4.0%||15.2%|
|MSCI AC World Growth||290.78||-0.2%||5.1%||28.3%|
|FTSE Gilts All Stocks||3,614.42||-0.2%||0.7%||3.0%|
|FTSE Index Linked All Stocks||645.31||-0.3%||-0.4%||2.3%|
|ML Sterling Corporate Bonds||395.44||-0.2%||-1.3%||5.7%|
|ML Global High Yield Bonds||375.03||0.1%||-0.6%||9.7%|
|Brent Crude Oil||73.06||0.0%||12.8%||14.5%|
|Consumer Goods and Services||20,582.35||-1.3%||-8.0%||13.6%|
|Oil & Gas||9,780.49||0.0%||8.0%||6.0%|
|$ per £||1.31||0.2%||-2.8%||9.5%|
|€ per £||1.12||0.0%||-0.5%||-4.0%|
|¥ per £||146.37||0.2%||-3.8%||5.3%|
|VIX Index (Volatility)||12.62||-1.9%||14.3%||-21.4%|
|Baltic Dry Index||1,718.00||1.7%||25.8%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.76%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.06|
|FTSE All Share Adj P/E||13.00|
|FTSE All Share Yld||3.98%|
|15yr Gilt Yield||1.54%|
|10yr Gilt Yield||1.27%|
|10yr US Tres Yield||2.95%|
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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