Investment Market Update
Asian stocks traded mixed. Japanese stocks fell while those in South Korea and Hong Kong climbed. The yen steadied after paring earlier losses and the euro climbed alongside the pound.
US stocks have finished at record highs again, helped by a surge in shares for video streaming site Netflix. Upbeat results last night from Netflix saw its shares jump 10% to take its market value past $100bn.
UK stocks closed lower as the pound continued to climb. Among the worst performers were Shire, down 3.2%, Paddy Power Betfair, down 3.1%, and Just Eat which fell 3%.
- President Donald Trump has predicted a "tremendous increase" in UK-US trade, after talks with Theresa May. He also said the US and UK were "joined at the hip" on military matters, while Mrs May said they stood "shoulder to shoulder" in facing shared threats.
- US retail giant Walmart will team up with Japan's Rakuten to launch a new online grocery delivery service. Customers will place orders through Rakuten, which will then be fulfilled by the joint venture. The operation - to launch later this year - will replace Walmart's existing online grocery delivery service in Japan.
|FTSE All Share||4,185.04||-0.3%||-0.9%||9.0%|
|FTSE Small Cap||5,973.25||0.0%||1.0%||14.9%|
|St. James's Place||1,221.00||-1.5%||-0.4%||20.9%|
|Euro Stoxx 600||398.56||-0.6%||2.4%||7.7%|
|Dow Jones Ind||26,392.79||0.5%||6.8%||25.1%|
|MSCI AC Asia Pacific||186.61||-0.1%||7.4%||28.7%|
|MSCI World (Developed)||2,234.38||0.1%||6.2%||20.1%|
|MSCI AC World (Dev & Em)||546.68||0.1%||6.6%||21.6%|
|MSCI Emerging Markets||1,263.45||0.4%||9.1%||34.2%|
|MSCI AC World Value||237.63||0.2%||6.1%||15.2%|
|MSCI AC World Growth||296.28||0.1%||7.0%||28.3%|
|FTSE Gilts All Stocks||3,534.61||0.1%||-1.5%||3.0%|
|FTSE Index Linked All Stocks||632.45||0.0%||-2.4%||2.3%|
|ML Sterling Corporate Bonds||399.59||0.1%||-0.3%||5.7%|
|ML Global High Yield Bonds||383.91||0.2%||1.7%||9.7%|
|Brent Crude Oil||70.42||-0.2%||5.3%||14.5%|
|Consumer Goods and Services||21,526.57||-1.1%||-3.7%||13.6%|
|Oil & Gas||9,139.35||0.3%||0.9%||6.0%|
|$ per £||1.42||-0.4%||5.1%||9.5%|
|€ per £||1.15||0.4%||1.7%||-4.0%|
|¥ per £||155.04||0.1%||1.8%||5.3%|
|VIX Index (Volatility)||11.58||1.0%||4.9%||-21.4%|
|Baltic Dry Index||1,217.00||1.4%||-10.9%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.53%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||20.49|
|FTSE All Share Adj P/E||19.90|
|FTSE All Share Yld||3.81%|
|15yr Gilt Yield||1.68%|
|10yr Gilt Yield||1.41%|
|10yr US Tres Yield||2.62%|
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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