Investment Market Update
Asian stocks extended a global rally after corporate results and hopes of US tax reform boosted optimism for global growth. Weakness in the yen lifted Japanese equities for a fifth day.
US stocks increased as the Nasdaq index broke through the 6,000 level for the first time, as stocks were buoyed by some strong company results.
UK stocks increased slightly as the market paused after Monday's 2% rise in the wake of the French presidential election vote.
- Government borrowing fell by £20bn to £52bn in the year to the end of March, according to official data. That was the lowest level since the financial crisis of 2008, the Office for National Statistics said. In Chancellor Philip Hammond's Budget last month, the Office for Budget Responsibility had forecast the deficit would be slightly lower at £51.7bn.
- PSA Group’s first-quarter revenue rose 4.9% as the maker of Peugeot, Citroen and DS cars raised prices and sold more auto components. Sales increased to 13.6 billion eurosfrom 13 billion euros a year earlier, the Paris-based manufacturer said Wednesday in a statement. Automotive revenue increased 2.5% while sales at the Faurecia parts unit jumped 9.4%.
|FTSE All Share||3,992.20||0.1%||3.1%||12.5%|
|FTSE Small Cap||5,509.44||0.4%||7.1%||11.0%|
|St. James's Place||1,128.00||1.2%||13.5%||3.9%|
|Euro Stoxx 600||386.91||0.2%||7.1%||-1.2%|
|Dow Jones Ind||20,996.12||1.1%||6.2%||13.4%|
|MSCI AC Asia Pacific||148.78||0.7%||10.2%||2.3%|
|MSCI World (Developed)||1,882.04||0.6%||7.5%||5.3%|
|MSCI AC World (Dev & Em)||456.23||0.6%||8.2%||5.6%|
|MSCI Emerging Markets||982.65||1.2%||14.0%||8.6%|
|MSCI AC World Value||204.68||0.7%||5.3%||9.5%|
|MSCI AC World Growth||239.73||0.6%||11.2%||1.8%|
|FTSE Gilts All Stocks||3,588.14||-0.2%||1.8%||8.5%|
|FTSE Index Linked All Stocks||656.53||-0.5%||3.1%||21.2%|
|ML Sterling Corporate Bonds||390.48||-0.1%||2.4%||10.7%|
|ML Global High Yield Bonds||357.67||0.2%||4.4%||15.0%|
|Brent Crude Oil||52.10||1.0%||-10.8%||23.4%|
|Consumer Goods and Services||22,075.44||-0.5%||12.2%||9.6%|
|Oil & Gas||7,656.57||0.3%||-10.4%||54.2%|
|$ per £||1.28||-0.5%||3.6%||-16.3%|
|€ per £||1.18||0.5%||0.5%||-15.7%|
|¥ per £||140.34||-1.5%||-2.9%||-22.7%|
|VIX Index (Volatility)||10.76||-0.7%||-23.4%||-22.9%|
|Baltic Dry Index||1,154.00||-1.4%||20.1%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.33%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||26.50|
|FTSE All Share Adj P/E||24.74|
|FTSE All Share Yld||3.86%|
|15yr Gilt Yield||1.47%|
|10yr Gilt Yield||1.09%|
|10yr US Tres Yield||2.33%|
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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