Investment Market Update
Asian stocks drifted Tuesday as the rush of optimism on US-China trade talks from early Monday faded. While US President Donald Trump raised the possibility of signing a new trade deal with Chinese counterpart Xi Jinping, he also said an agreement “might not happen at all.”
US stocks finished modestly higher on Monday on renewed optimism about a potential US-China trade deal, and ahead of key economic data releases.
UK stocks were higher at the close on Monday, as gains in the Life Insurance/Assurance, Automobiles & Parts and General Industrial sectors propelled shares higher.
- Chinese car tyres, steel products and ceramic goods will continue to be penalised after Brexit, under trade remedy measures announced by the government. The European Union applies tariffs to imports that have been judged to be traded unfairly. The UK government said that 43 such remedies to trading will be maintained. They will be continued if the UK leaves the EU without an agreement or after the transition period.
- The US financial regulator has asked a New York judge to hold Tesla boss Elon Musk in contempt for violating a settlement over social media comments. The move by the Securities and Exchange Commission (SEC) comes after he tweeted about the car firm's production. Last year, Mr Musk agreed that he would not make statements about Tesla's financial performance without prior agreement with the company. That settlement followed his tweets in August about taking Tesla private. There was no immediate comment from either Tesla or Mr Musk on the SEC's move. Tesla's share price fell 5% in after-hours trading on Wall Street.
|FTSE All Share||3,939.76||0.0%||7.2%||-13.0%|
|FTSE Small Cap||5,446.85||0.1%||5.2%||-12.4%|
|St. James's Place||969.80||1.4%||2.7%||-23.0%|
|Euro Stoxx 600||372.18||0.3%||10.2%||-13.2%|
|Dow Jones Ind||26,091.95||0.2%||11.9%||-5.6%|
|MSCI AC Asia Pacific||160.82||0.8%||9.6%||-15.6%|
|MSCI World (Developed)||2,091.83||0.2%||11.0%||-10.4%|
|MSCI AC World (Dev & Em)||505.69||0.3%||11.0%||-11.2%|
|MSCI Emerging Markets||1,067.64||0.8%||10.5%||-16.6%|
|MSCI AC World Value||213.37||0.3%||9.8%||-13.2%|
|MSCI AC World Growth||281.95||0.3%||12.2%||-9.2%|
|FTSE Gilts All Stocks||3,660.62||-0.3%||1.4%||0.8%|
|FTSE Index Linked All Stocks||654.29||-0.8%||1.9%||-1.2%|
|ML Sterling Corporate Bonds||402.52||-0.1%||2.8%||-2.4%|
|ML Global High Yield Bonds||384.22||0.2%||5.3%||-3.7%|
|Brent Crude Oil||64.76||-3.5%||19.9%||-14.9%|
|Consumer Goods and Services||18,864.21||-0.4%||8.1%||-21.0%|
|Oil & Gas||8,909.13||-0.2%||5.3%||-7.4%|
|$ per £||1.31||-0.2%||2.4%||-6.2%|
|€ per £||1.15||-0.1%||3.5%||-1.3%|
|¥ per £||144.48||-0.7%||3.3%||-8.3%|
|VIX Index (Volatility)||14.85||9.9%||-41.6%||160.2%|
|Baltic Dry Index||637.00||0.5%||-49.9%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.86%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.50|
|FTSE All Share Adj P/E||11.77|
|FTSE All Share Yld||4.55%|
|15yr Gilt Yield||1.50%|
|10yr Gilt Yield||1.18%|
|10yr US Tres Yield||2.66%|
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