Investment Market Update
Asian stocks traded mixed Tuesday as investors juggled growing concerns about the impact of US-China trade war on corporate profits with hopes for progress in this week’s key talks.
US stocks fell after Caterpillar and Nvidia blamed slowing global growth for disappointing results, augmenting concern the trade war with China is hitting corporate profits.
UK stocks were lower after the close on Monday, as losses in the Oil & Gas Producers, Oil Equipment Services & Distribution and Banking sectors led shares lower.
- The Trump administration dealt its toughest blow yet to the authoritarian Venezuelan leader Nicolas Maduro, issuing new sanctions on the nation’s state-owned oil company PDVSA that effectively block his regime from exporting crude to the US.
- US prosecutors filed criminal charges against Huawei Technologies Co., China’s largest technology company, alleging it stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran.
|FTSE All Share||3,720.07||-0.8%||1.2%||-13.0%|
|FTSE Small Cap||5,305.57||-0.6%||2.5%||-12.4%|
|St. James's Place||938.60||-1.3%||-0.6%||-23.0%|
|Euro Stoxx 600||354.38||-1.0%||5.0%||-13.2%|
|Dow Jones Ind||24,528.22||-0.8%||5.1%||-5.6%|
|MSCI AC Asia Pacific||154.66||-0.1%||5.4%||-15.6%|
|MSCI World (Developed)||1,989.18||-0.6%||5.6%||-10.4%|
|MSCI AC World (Dev & Em)||481.59||-0.6%||5.7%||-11.2%|
|MSCI Emerging Markets||1,028.06||-0.4%||6.4%||-16.6%|
|MSCI AC World Value||205.07||-0.5%||5.5%||-13.2%|
|MSCI AC World Growth||266.05||-0.7%||5.9%||-9.2%|
|FTSE Gilts All Stocks||3,637.49||0.4%||0.8%||0.8%|
|FTSE Index Linked All Stocks||644.51||0.8%||0.3%||-1.2%|
|ML Sterling Corporate Bonds||397.33||0.4%||1.4%||-2.4%|
|ML Global High Yield Bonds||377.02||0.0%||3.3%||-3.7%|
|Brent Crude Oil||59.93||-2.8%||11.4%||-14.9%|
|Consumer Goods and Services||17,268.41||-0.8%||-1.0%||-21.0%|
|Oil & Gas||8,224.53||-2.0%||-2.8%||-7.4%|
|$ per £||1.32||0.2%||3.5%||-6.2%|
|€ per £||1.16||0.5%||3.9%||-1.3%|
|¥ per £||144.57||0.5%||3.4%||-19.7%|
|VIX Index (Volatility)||18.87||8.3%||-25.8%||160.2%|
|Baltic Dry Index||852.00||-5.9%||-33.0%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.92%|
|Consumer Price Index||2.10%|
|Retail Price Index||2.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.26|
|FTSE All Share Adj P/E||11.51|
|FTSE All Share Yld||4.81%|
|15yr Gilt Yield||1.46%|
|10yr Gilt Yield||1.26%|
|10yr US Tres Yield||2.74%|
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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