Investment Market Update
Asian stocks were mostly higher on the final trading day of what’s been a strong quarter, with emerging markets coming under pressure.
US stocks closed higher on hopes US tax reform will aid economic growth. The Dow Jones increased 0.2%, while the wider S&P 500 also rose.
UK stocks recovered in late afternoon trading to finish slightly ahead. The FTSE 100 closed higher led by building materials group CRH, up 2.9%. Tobacco group Imperial Brands fell 4% after it said it would meet profit expectations for the year, though it noted a difficult market.
- Confidence among UK consumers and businesses is slowly rebuilding, although both groups remain cautious following the nation’s Brexit vote. A survey from Lloyds Bank showed an improvement in sentiment, following signs earlier this week that consumer spending is starting to recover. That will bolster the case among Bank of England policy makers who have said the economy will probably be strong enough to warrant higher interest rates soon.
- The dollar is headed for its best week in 2017 as Treasury yields soared after Federal Reserve Chair Janet Yellen flagged increased prospect of a December rate hike and President Donald Trump’s tax plan spurred talks of a wider budget deficit.
|FTSE All Share||4,020.77||0.2%||3.8%||12.5%|
|FTSE Small Cap||5,687.93||0.3%||10.6%||11.0%|
|St. James's Place||1,143.00||0.9%||16.5%||3.9%|
|Euro Stoxx 600||386.36||0.2%||6.9%||-1.2%|
|Dow Jones Ind||22,381.20||0.2%||13.3%||13.4%|
|MSCI AC Asia Pacific||160.55||-0.2%||18.9%||2.3%|
|MSCI World (Developed)||1,992.36||0.2%||13.8%||5.3%|
|MSCI AC World (Dev & Em)||484.63||0.1%||14.9%||5.6%|
|MSCI Emerging Markets||1,072.38||-0.6%||24.4%||8.6%|
|MSCI AC World Value||214.00||0.1%||10.1%||9.5%|
|MSCI AC World Growth||258.69||0.1%||20.0%||1.8%|
|FTSE Gilts All Stocks||3,510.45||0.1%||-0.4%||8.5%|
|FTSE Index Linked All Stocks||623.60||-0.1%||-2.1%||21.2%|
|ML Sterling Corporate Bonds||391.88||0.0%||2.8%||10.7%|
|ML Global High Yield Bonds||374.09||0.1%||9.2%||15.0%|
|Brent Crude Oil||57.41||-0.8%||-2.3%||23.4%|
|Consumer Goods and Services||21,329.05||-0.5%||8.4%||9.6%|
|Oil & Gas||8,237.29||0.7%||-3.6%||54.2%|
|$ per £||1.34||-0.3%||8.6%||-16.3%|
|€ per £||1.14||0.0%||-2.8%||-15.7%|
|¥ per £||151.03||-0.1%||4.5%||-22.7%|
|VIX Index (Volatility)||9.55||-3.2%||-32.0%||-22.9%|
|Baltic Dry Index||1,391.00||-2.7%||44.7%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.33%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||21.99|
|FTSE All Share Adj P/E||21.21|
|FTSE All Share Yld||3.82%|
|15yr Gilt Yield||1.68%|
|10yr Gilt Yield||1.37%|
|10yr US Tres Yield||2.31%|
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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