Investment Market Update
Asian stocks closed mixed, as initial enthusiasm following a US-European Union agreement to avert a transatlantic trade war for now faded. Treasuries edged higher and the dollar steadied.
US stocks rallied to the close late in the session Wednesday, with Wall Street equity benchmarks jumping to new heights following the announcement of a pact to ease trade tensions between the US and the European Union.
UK stocks fell on Wednesday as mining stocks lost ground, with earnings in focus as ITV and Informa issued updates.
- The US has agreed to work towards lowering trade barriers with the European Union, Donald Trump said on Wednesday after a meeting with European Commission chief Jean-Claude Juncker. The two would work for zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto goods, he said. They also agreed to increase trade in services and agriculture, including greater US soy bean exports to the EU.
- Chipmaker Qualcomm has abandoned its $44bn bid for Dutch rival NXP Semiconductors after failing to secure approval from Chinese regulators. A deadline for the transaction, which needed China's sign-off, was set for 11:59pm New York time under the agreement. The deal had already won the necessary regulatory approvals in eight of nine countries. It would have been one of the biggest deals between technology companies.
|FTSE All Share||4,209.38||-0.6%||-0.3%||9.0%|
|FTSE Small Cap||5,884.56||-0.5%||-0.5%||14.9%|
|St. James's Place||1,189.00||-1.7%||-3.0%||20.9%|
|Euro Stoxx 600||387.17||-0.3%||-0.5%||7.7%|
|Dow Jones Ind||25,414.10||0.7%||2.8%||25.1%|
|MSCI AC Asia Pacific||167.87||0.6%||-3.4%||28.7%|
|MSCI World (Developed)||2,161.76||0.5%||2.8%||20.1%|
|MSCI AC World (Dev & Em)||521.74||0.5%||1.7%||21.6%|
|MSCI Emerging Markets||1,088.82||0.8%||-6.0%||34.2%|
|MSCI AC World Value||217.42||0.3%||-2.9%||15.2%|
|MSCI AC World Growth||294.27||0.7%||6.3%||28.3%|
|FTSE Gilts All Stocks||3,618.63||0.1%||0.8%||3.0%|
|FTSE Index Linked All Stocks||646.24||0.0%||-0.2%||2.3%|
|ML Sterling Corporate Bonds||395.80||0.1%||-1.2%||5.7%|
|ML Global High Yield Bonds||375.41||0.0%||-0.5%||9.7%|
|Brent Crude Oil||73.93||0.7%||14.2%||14.5%|
|Consumer Goods and Services||20,644.74||0.2%||-7.7%||13.6%|
|Oil & Gas||9,782.38||-0.5%||8.0%||6.0%|
|$ per £||1.31||-0.1%||-2.8%||9.5%|
|€ per £||1.12||-0.1%||-0.1%||-4.0%|
|¥ per £||146.20||0.2%||-4.0%||5.3%|
|VIX Index (Volatility)||12.29||-1.0%||11.3%||-21.4%|
|Baltic Dry Index||1,772.00||-0.1%||29.7%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.78%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.01|
|FTSE All Share Adj P/E||12.98|
|FTSE All Share Yld||3.98%|
|15yr Gilt Yield||1.53%|
|10yr Gilt Yield||1.27%|
|10yr US Tres Yield||2.97%|
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