Investment Market Update
Equities in Asia fell after a sell-off in technology shares concerned investors assessing threats to earnings growth for the industry that propelled last year’s rally.
A steep, late-afternoon sell-off in technology companies pulled US stocks sharply lower on Tuesday, while banks also weighed on the market as bond yields declined. The market turbulence came a day after the major stock indices notched their best day in more than two years.
UK stocks made strong gains after recent struggles, led higher by GlaxoSmithKline which gained nearly 5% on the news that they had agreed to buy Novartis' stake in their joint healthcare venture.
- Mark Zuckerberg, Facebook's chief executive officer, is expected to testify before the US House Energy and Commerce Committee as early as 12 April, according to a congressional official familiar with the plans.
- Kim Jong Un is willing to talk with US President Donald Trump about giving up his nuclear weapons, China said, after the North Korean leader made a surprise visit to Beijing to patch up ties with his neighbour.
|FTSE All Share||3,867.03||1.50%||-8.40%||9.00%|
|FTSE Small Cap||5,595.30||0.40%||-5.40%||14.90%|
|St. James's Place||1,092.00||1.20%||-10.90%||20.90%|
|Euro Stoxx 600||367.57||1.20%||-5.60%||7.70%|
|Dow Jones Ind||23,857.71||-1.40%||-3.50%||25.10%|
|MSCI AC Asia Pacific||174.775||1.10%||0.60%||28.70%|
|MSCI World (Developed)||2,055.55||-0.70%||-2.30%||20.10%|
|MSCI AC World (Dev & Em)||504.134||-0.50%||-1.70%||21.60%|
|MSCI Emerging Markets||1,185.18||0.20%||2.30%||34.20%|
|MSCI AC World Value||215.994||-0.10%||-3.60%||15.20%|
|MSCI AC World Growth||277.033||-0.90%||0.10%||28.30%|
|FTSE Gilts All Stocks||3,581.57||0.10%||-0.20%||3.00%|
|FTSE Index Linked All Stocks||639.18||-0.10%||-1.30%||2.30%|
|ML Sterling Corporate Bonds||393.741||0.20%||-1.80%||5.70%|
|ML Global High Yield Bonds||377.197||0.00%||-0.10%||9.70%|
|Brent Crude Oil||70.11||0.00%||6.10%||14.50%|
|Consumer Goods and Services||18,880.29||0.90%||-15.60%||13.60%|
|Oil & Gas||8,278.85||1.90%||-8.60%||6.00%|
|$ per £||1.4223||0.40%||5.30%||9.50%|
|€ per £||1.1429||0.10%||1.50%||-4.00%|
|¥ per £||149.52299||-0.20%||-1.80%||5.30%|
|VIX Index (Volatility)||22.5||7.00%||103.80%||-21.40%|
|Baltic Dry Index||1,117.00||-0.80%||-18.20%||42.14%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.67%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.49183|
|FTSE All Share Adj P/E||12.8588|
|FTSE All Share Yld||4.18%|
|15yr Gilt Yield||1.64%|
|10yr Gilt Yield||1.42%|
|10yr US Tres Yield||2.78%|
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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Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.