Investment Market Update
Asian stocks closed higher, propelled by signs of a shift toward stimulus by China. The yuan was little changed after dropping to the weakest against the dollar in more than a year.
US stocks closed higher as strong earnings results lifted shares in many technology firms.
UK stocks ended higher, as mining stocks were boosted by the Chinese government announcing infrastructure investment policies. Top of the winners was mining conglomerate BHP Billiton, which rose 5.7%.
- Even as President Donald Trump congratulated Mexico’s president-elect in a letter, he warned that a successful renegotiation of the North American Free Trade Agreement must be done quickly. If progress is not made, Trump said, "I must go a much different route. It would not be my preference, but would be far more profitable for the United States and its taxpayers."
- Turkey may pay a high price for its failure to maintain central bank credibility in investors’ eyes. By unexpectedly holding rates on Tuesday, policy makers fuelled investor fears that monetary policy under President Recep Tayyip Erdogan’s watch will remain too loose to contain price pressures.
|FTSE All Share||4,235.80||0.6%||0.3%||9.0%|
|FTSE Small Cap||5,913.53||0.5%||0.0%||14.9%|
|St. James's Place||1,209.50||1.0%||-1.3%||20.9%|
|Euro Stoxx 600||388.18||0.9%||-0.3%||7.7%|
|Dow Jones Ind||25,241.94||0.8%||2.1%||25.1%|
|MSCI AC Asia Pacific||166.91||0.7%||-4.0%||28.7%|
|MSCI World (Developed)||2,151.08||0.5%||2.3%||20.1%|
|MSCI AC World (Dev & Em)||519.00||0.6%||1.2%||21.6%|
|MSCI Emerging Markets||1,080.38||1.0%||-6.7%||34.2%|
|MSCI AC World Value||216.70||0.7%||-3.3%||15.2%|
|MSCI AC World Growth||292.19||0.5%||5.6%||28.3%|
|FTSE Gilts All Stocks||3,616.63||0.1%||0.8%||3.0%|
|FTSE Index Linked All Stocks||646.18||0.1%||-0.2%||2.3%|
|ML Sterling Corporate Bonds||395.56||0.0%||-1.3%||5.7%|
|ML Global High Yield Bonds||375.37||0.1%||-0.5%||9.7%|
|Brent Crude Oil||73.44||0.5%||13.4%||14.5%|
|Consumer Goods and Services||20,600.06||0.1%||-7.9%||13.6%|
|Oil & Gas||9,830.61||0.5%||8.5%||6.0%|
|$ per £||1.31||-0.2%||-3.0%||9.5%|
|€ per £||1.12||-0.4%||-0.5%||-4.0%|
|¥ per £||146.05||-0.1%||-4.1%||5.3%|
|VIX Index (Volatility)||12.41||-1.7%||12.4%||-21.4%|
|Baltic Dry Index||1,774.00||3.3%||29.9%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.77%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.15|
|FTSE All Share Adj P/E||13.09|
|FTSE All Share Yld||3.95%|
|15yr Gilt Yield||1.54%|
|10yr Gilt Yield||1.28%|
|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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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.