Investment Market Update
Asian stocks rose towards a second day of gains as investors weigh prospects for optimism on a cease-fire in the US-China trade war later this week.
US stocks increased, led by shares of retailers as shoppers spent billions of dollars online and in stores over the Thanksgiving weekend, commencing what is expected to be one of the strongest holiday seasons in years.
UK stocks closed the day more than 1% higher while the German and Italian stock markets are also up more than 1%.
- US President Donald Trump has said he is likely to go ahead with a hike on tariffs currently imposed on Chinese goods. The comments to the Wall Street Journal come as he is expected to meet Chinese President Xi Jinping on the sidelines of this week's G20 summit. The tariffs would be raised from 10% to 25% on $200bn worth of goods.
- General Motors plans to halt production at five factories in North America and cut more than 14,000 jobs. The US carmaker has also announced it will close three plants outside North America by the end of 2019. The moves follow rising costs and slower car sales and come as the firm focuses on its line-up of trucks, electric and self-driving vehicles.
|FTSE All Share||3,855.72||1.1%||-8.7%||9.0%|
|FTSE Small Cap||5,385.26||0.4%||-8.9%||14.9%|
|St. James's Place||1,055.00||2.8%||-13.9%||20.9%|
|Euro Stoxx 600||358.33||1.2%||-7.9%||7.7%|
|Dow Jones Ind||24,640.24||1.5%||-0.3%||25.1%|
|MSCI AC Asia Pacific||151.20||0.4%||-13.0%||28.7%|
|MSCI World (Developed)||1,999.21||1.2%||-5.0%||20.1%|
|MSCI AC World (Dev & Em)||480.85||1.2%||-6.3%||21.6%|
|MSCI Emerging Markets||976.57||0.8%||-15.7%||34.2%|
|MSCI AC World Value||206.48||1.0%||-7.8%||15.2%|
|MSCI AC World Growth||263.42||1.4%||-4.8%||28.3%|
|FTSE Gilts All Stocks||3,549.94||-0.4%||-1.1%||3.0%|
|FTSE Index Linked All Stocks||629.32||-0.8%||-2.9%||2.3%|
|ML Sterling Corporate Bonds||389.11||-0.1%||-2.9%||5.7%|
|ML Global High Yield Bonds||368.60||0.1%||-2.3%||9.7%|
|Brent Crude Oil||60.48||2.9%||-4.5%||14.5%|
|Consumer Goods and Services||18,421.82||-0.3%||-17.6%||13.6%|
|Oil & Gas||8,771.78||2.7%||-3.2%||6.0%|
|$ per £||1.28||0.0%||-5.2%||9.5%|
|€ per £||1.13||0.0%||0.4%||-4.0%|
|¥ per £||144.74||-0.5%||-4.9%||5.3%|
|VIX Index (Volatility)||18.90||-12.2%||71.2%||-21.4%|
|Baltic Dry Index||1,217.00||11.3%||-10.9%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.89%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.69|
|FTSE All Share Adj P/E||11.67|
|FTSE All Share Yld||4.48%|
|15yr Gilt Yield||1.62%|
|10yr Gilt Yield||1.41%|
|10yr US Tres Yield||3.05%|
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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