Investment Market Update
Asian stocks rose across the board on Friday, buoyed by gains in US technology shares, while investors awaited several key events next week, including US-China trade talks.
US stocks finished slightly higher yesterday, aided by good results from semiconductor makers and airlines. But Commerce Secretary Wilbur Ross downplayed the prospect of quick progress in US-China trade talks next week saying the parties were “miles and miles” from a resolution, although a lot of preparatory work had been done.
UK stocks closed lower on Thursday, as markets digested news from the European Central Bank and comments made by US commerce secretary Wilbur Ross.
- The new chief executive of Goldman Sachs says that a "difficult" Brexit will negatively affect its investment plans in the UK. David Solomon told the BBC that while there has been a hiring freeze in the UK, the bank has been adding staff in the EU over the last two years. The outcome of Brexit would affect decisions about Goldman's people and resources, he said. The Wall Street giant currently employs 6,000 people in the UK.
- On Thursday European Central Bank (ECB) president Mario Draghi described an outlook that is becoming more overcast. Economic data, he said, had been weaker than expected, and the risks to growth have increased. There was a clear hint in his remarks that it will take even longer than the ECB has been suggesting before it starts to raise interest rates. Mr Draghi referred to some international factors undermining the outlook: the slowdown in China and the declining stimulus from President Trump's tax cuts in the US.
|FTSE All Share||3,755.05||-0.3%||2.2%||-13.0%|
|FTSE Small Cap||5,314.04||-0.5%||2.6%||-12.4%|
|St. James's Place||962.00||2.2%||1.9%||-23.0%|
|Euro Stoxx 600||355.67||0.2%||5.3%||-13.2%|
|Dow Jones Ind||24,553.24||-0.1%||5.3%||-5.6%|
|MSCI AC Asia Pacific||152.92||0.5%||4.2%||-15.6%|
|MSCI World (Developed)||1,983.23||0.2%||5.3%||-10.4%|
|MSCI AC World (Dev & Em)||479.84||0.2%||5.3%||-11.2%|
|MSCI Emerging Markets||1,019.44||0.8%||5.6%||-16.6%|
|MSCI AC World Value||204.65||0.1%||5.3%||-13.2%|
|MSCI AC World Growth||264.67||0.3%||5.3%||-9.2%|
|FTSE Gilts All Stocks||3,633.34||0.6%||0.7%||0.8%|
|FTSE Index Linked All Stocks||642.56||0.6%||0.0%||-1.2%|
|ML Sterling Corporate Bonds||396.46||0.4%||1.2%||-2.4%|
|ML Global High Yield Bonds||375.93||0.0%||3.0%||-3.7%|
|Brent Crude Oil||61.09||-0.1%||13.6%||-14.9%|
|Consumer Goods and Services||17,488.62||-1.1%||0.2%||-21.0%|
|Oil & Gas||8,453.74||0.4%||-0.1%||-7.4%|
|$ per £||1.31||0.4%||2.5%||-6.2%|
|€ per £||1.15||-0.4%||3.0%||-1.3%|
|¥ per £||143.03||0.2%||2.3%||-19.7%|
|VIX Index (Volatility)||18.89||-3.2%||-25.7%||160.2%|
|Baltic Dry Index||939.00||-4.4%||-26.1%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.92%|
|Consumer Price Index||2.10%|
|Retail Price Index||2.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.37|
|FTSE All Share Adj P/E||11.61|
|FTSE All Share Yld||4.77%|
|15yr Gilt Yield||1.46%|
|10yr Gilt Yield||1.27%|
|10yr US Tres Yield||2.72%|
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