Investment Market Update
Asian stocks started the day off on the wrong foot yesterday, however, China's planned stimulus for the investment sector reversed declines.
US stocks declined after Caterpillar Inc. reported that higher steel prices and tariffs had increased its costs, raising the concern over the US-China trade war.
UK stocks closed lower on Tuesday as geopolitical tensions, Brexit and Italy's budget took a hold on investments.
- Deutsche Bank AG conceded revenue will take a bigger decline than it had previously expected, as cost cuts and a scaling back of the business keep eating into Europe's largest investment bank. The German lender reported its lowers third-quarter revenue since 2010 and now predicts a slight decline for the full year.
- More than 16,000 customers have deserted the TSB in the wake of an IT meltdown earlier this year. The figures - released by the payments operator BACS - show the net loss in accounts between April and June. As many as 1.9 million people were left unable to access their own money in April, after the bank tried to introduce a new computer system.
|FTSE All Share||3,809.97||-1.4%||-9.8%||9.0%|
|FTSE Small Cap||5,457.24||-1.6%||-7.7%||14.9%|
|St. James's Place||980.20||-5.2%||-20.0%||20.9%|
|Euro Stoxx 600||354.06||-1.6%||-9.0%||7.7%|
|Dow Jones Ind||25,191.43||-0.5%||1.9%||25.1%|
|MSCI AC Asia Pacific||150.44||-2.2%||-13.4%||28.7%|
|MSCI World (Developed)||2,033.89||-1.0%||-3.3%||20.1%|
|MSCI AC World (Dev & Em)||487.37||-1.1%||-5.0%||21.6%|
|MSCI Emerging Markets||960.54||-2.3%||-17.1%||34.2%|
|MSCI AC World Value||206.93||-1.0%||-7.6%||15.2%|
|MSCI AC World Growth||269.99||-1.2%||-2.5%||28.3%|
|FTSE Gilts All Stocks||3,561.25||0.4%||-0.8%||3.0%|
|FTSE Index Linked All Stocks||639.48||0.4%||-1.3%||2.3%|
|ML Sterling Corporate Bonds||394.39||0.2%||-1.6%||5.7%|
|ML Global High Yield Bonds||374.77||-0.3%||-0.7%||9.7%|
|Brent Crude Oil||76.44||-4.2%||20.1%||14.5%|
|Consumer Goods and Services||19,188.71||0.7%||-14.2%||13.6%|
|Oil & Gas||9,021.43||-2.9%||-0.4%||6.0%|
|$ per £||1.30||-0.2%||-4.0%||9.5%|
|€ per £||1.13||-0.1%||0.4%||-4.0%|
|¥ per £||146.18||0.2%||-4.0%||5.3%|
|VIX Index (Volatility)||20.71||5.4%||87.6%||-21.4%|
|Baltic Dry Index||1,577.00||-0.1%||15.4%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.59|
|FTSE All Share Adj P/E||10.64|
|FTSE All Share Yld||4.48%|
|15yr Gilt Yield||1.64%|
|10yr Gilt Yield||1.47%|
|10yr US Tres Yield||3.17%|
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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