Investment Market Update
Asian stocks advanced as technology shares continued a recovery and oil climbed for a third straight session. Trading was slow with many markets in the region closed for holidays to celebrate the end of Ramadan.
US stocks were higher on Friday, as gains in energy and tech stocks outweighed declines in firms focused on consumer goods. Microsoft shares climbed 1.4%, while Apple gained 0.5%.
UK stocks were down on Friday, as concerns on both political and economic fronts saw UK shares fall for a third week in a row. BAE Systems fell 1.8% after JP Morgan cut its rating on the company to "neutral".
- Holland & Barrett, the UK's biggest health food retailer, is being bought by L1 Retail, a fund controlled by Mikhail Fridman, for £1.8bn. L1 retail is buying the 1,150-store chain from Carlyle, a US private equity firm. The purchase is the first by L1 Retail, which was set up in late 2016. It aims to invest $3bn in a small number of retail businesses that it believes can be market leaders by "moving with and leading long-term trends".
- Business confidence has jumped to an 18-month high, but companies are having trouble recruiting skilled workers. The Lloyds Bank Business in Britain report's confidence index rose to 24% - double the level immediately following the EU referendum last year. The index is a measure of expected sales, orders and profits.
|FTSE All Share||4,063.60||-0.1%||4.9%||12.5%|
|FTSE Small Cap||5,622.82||0.1%||9.3%||11.0%|
|St. James's Place||1,195.00||0.0%||20.2%||3.9%|
|Euro Stoxx 600||387.62||-0.2%||7.2%||-1.2%|
|Dow Jones Ind||21,394.76||0.0%||8.3%||13.4%|
|MSCI AC Asia Pacific||155.12||0.2%||14.9%||2.3%|
|MSCI World (Developed)||1,925.02||0.2%||9.9%||5.3%|
|MSCI AC World (Dev & Em)||466.98||0.2%||10.7%||5.6%|
|MSCI Emerging Markets||1,011.67||0.3%||17.3%||8.6%|
|MSCI AC World Value||205.98||0.1%||6.0%||9.5%|
|MSCI AC World Growth||249.53||0.3%||15.7%||1.8%|
|FTSE Gilts All Stocks||3,610.39||-0.1%||2.4%||8.5%|
|FTSE Index Linked All Stocks||651.40||-0.8%||2.3%||21.2%|
|ML Sterling Corporate Bonds||398.11||-0.1%||4.4%||10.7%|
|ML Global High Yield Bonds||362.22||0.1%||5.8%||15.0%|
|Brent Crude Oil||45.54||0.7%||-22.6%||23.4%|
|Consumer Goods and Services||22,658.53||-0.3%||15.1%||9.6%|
|Oil & Gas||7,671.87||0.0%||-10.3%||54.2%|
|$ per £||1.27||-0.4%||2.6%||-16.3%|
|€ per £||1.14||-0.1%||-3.2%||-15.7%|
|¥ per £||141.00||-0.4%||-2.4%||-22.7%|
|VIX Index (Volatility)||10.02||-4.4%||-28.6%||-22.9%|
|Baltic Dry Index||870.00||1.8%||-9.5%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.30%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||24.90|
|FTSE All Share Adj P/E||23.45|
|FTSE All Share Yld||3.83%|
|15yr Gilt Yield||1.40%|
|10yr Gilt Yield||1.03%|
|10yr US Tres Yield||2.14%|
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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