Investment Market Update
Asian stocks were mixed on Wednesday struggling for direction after the recent rally, as investors assessed the latest developments on the Trump administration’s trade policies.
US stocks settled largely flat on Tuesday, as investors were stuck on the sidelines waiting for news to provide the markets direction, with most reluctant to take a stand ahead of a US holiday next week.
UK stocks closed higher on Tuesday as the breakthrough between the US and Mexico on revamping Nafta improved the outlook for global trade.
- British Gas has paid £2.65m in refunds, compensation and redress after wrongly overcharging more than 94,000 customers who switched to new providers. According to the regulator Ofgem, British Gas charged customers its more expensive standard variable tariff rate after they decided to switch to a new supplier, due to a system error.
- The US and Mexico have agreed to revamp Nafta, the North American Free Trade Agreement, in what Donald Trump called a "really good deal" for both countries. The US President, who has frequently criticised the existing deal, made the announcement on Monday.
|FTSE All Share||4,194.24||0.6%||-0.7%||9.0%|
|FTSE Small Cap||5,882.66||0.5%||-0.5%||14.9%|
|St. James's Place||1,164.50||0.6%||-5.0%||20.9%|
|Euro Stoxx 600||385.46||0.0%||-1.0%||7.7%|
|Dow Jones Ind||26,064.02||0.1%||5.4%||25.1%|
|MSCI AC Asia Pacific||166.32||0.3%||-4.3%||28.7%|
|MSCI World (Developed)||2,182.51||0.1%||3.8%||20.1%|
|MSCI AC World (Dev & Em)||525.18||0.1%||2.4%||21.6%|
|MSCI Emerging Markets||1,070.62||0.1%||-7.6%||34.2%|
|MSCI AC World Value||219.11||0.1%||-2.2%||15.2%|
|MSCI AC World Growth||295.89||0.2%||6.9%||28.3%|
|FTSE Gilts All Stocks||3,591.67||-0.3%||0.1%||3.0%|
|FTSE Index Linked All Stocks||642.13||-0.3%||-0.9%||2.3%|
|ML Sterling Corporate Bonds||396.70||-0.2%||-1.0%||5.7%|
|ML Global High Yield Bonds||377.21||0.1%||-0.1%||9.7%|
|Brent Crude Oil||75.95||-0.3%||18.0%||14.5%|
|Consumer Goods and Services||20,660.66||0.2%||-7.6%||13.6%|
|Oil & Gas||9,513.36||-0.2%||5.0%||6.0%|
|$ per £||1.29||0.0%||-4.6%||9.5%|
|€ per £||1.10||0.3%||-2.0%||-4.0%|
|¥ per £||143.19||0.0%||-5.9%||5.3%|
|VIX Index (Volatility)||12.50||2.8%||13.2%||-21.4%|
|Baltic Dry Index||1,684.00||-0.8%||23.3%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.81%|
|Consumer Price Index||2.50%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.63|
|FTSE All Share Adj P/E||12.67|
|FTSE All Share Yld||4.07%|
|15yr Gilt Yield||1.59%|
|10yr Gilt Yield||1.45%|
|10yr US Tres Yield||2.88%|
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