Investment Market Update
Asian stocks closed lower following the lead from Wall Street overnight. Toshiba shares fell 1.9% after the firm said it had failed to complete the sale of its lucrative memory chip business.
US stocks fell as the delay in the healthcare bill vote in the US Senate rattled investors, who fear President Trump's plans for reform could be derailed. Trump has said repeatedly he wants to repeal and replace Obamacare before moving on to other issues including tax reform. Shares in Google parent firm Alphabet have fallen almost 3% after the European Commission imposed a record £2.1bn fine on the tech giant.
UK stocks closed the day slightly lower. All top five climbers were mining companies boosted by firmer prices for some commodities and oil, as well as positive figures on Chinese industrial profits. Glencore, Anglo American and Rio Tinto were up by at least 3%. The biggest fall was seen by engineering firm GKN which fell 4.39%.
- A new cyberattack similar to WannaCry has reached Asia after spreading from Europe to the US overnight, hitting businesses, port operators and government systems.
- Deutsche Bank AG, the German lender seeking to overhaul how it manages risks, made a bet on US inflation that puts the firm on course to lose as much as $60 million.
|FTSE All Share||4,062.45||-0.3%||4.9%||12.5%|
|FTSE Small Cap||5,616.70||-0.1%||9.2%||11.0%|
|St. James's Place||1,185.00||-0.8%||19.2%||3.9%|
|Euro Stoxx 600||385.98||-0.8%||6.8%||-1.2%|
|Dow Jones Ind||21,310.66||-0.5%||7.8%||13.4%|
|MSCI AC Asia Pacific||155.25||-0.2%||15.0%||2.3%|
|MSCI World (Developed)||1,917.57||-0.5%||9.5%||5.3%|
|MSCI AC World (Dev & Em)||465.64||-0.5%||10.4%||5.6%|
|MSCI Emerging Markets||1,016.68||-0.2%||17.9%||8.6%|
|MSCI AC World Value||206.17||-0.2%||6.1%||9.5%|
|MSCI AC World Growth||247.89||-0.7%||15.0%||1.8%|
|FTSE Gilts All Stocks||3,592.71||-0.5%||1.9%||8.5%|
|FTSE Index Linked All Stocks||641.16||-1.1%||0.7%||21.2%|
|ML Sterling Corporate Bonds||396.82||-0.4%||4.1%||10.7%|
|ML Global High Yield Bonds||363.35||0.2%||6.1%||15.0%|
|Brent Crude Oil||46.65||1.8%||-20.7%||23.4%|
|Consumer Goods and Services||22,635.41||-0.6%||15.0%||9.6%|
|Oil & Gas||7,758.87||0.9%||-9.2%||54.2%|
|$ per £||1.27||-0.5%||3.1%||-16.3%|
|€ per £||1.14||0.7%||-3.1%||-15.7%|
|¥ per £||142.11||-1.1%||-1.7%||-22.7%|
|VIX Index (Volatility)||11.06||11.7%||-21.2%||-22.9%|
|Baltic Dry Index||903.00||2.1%||-6.0%||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||24.93|
|FTSE All Share Adj P/E||23.42|
|FTSE All Share Yld||3.83%|
|15yr Gilt Yield||1.46%|
|10yr Gilt Yield||1.09%|
|10yr US Tres Yield||2.21%|
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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