Investment Market Update
Asian stocks were mixed as Chinese shares swung between gains and losses. Shares in Tokyo ended higher with bank and insurers underpinning gains.
US stocks closed at record highs, recovering after dropping on news that North Korea had fired another missile towards Japan. Analysts said markets were buoyed by Senate progress on a plan to cut US corporate taxes from 35% to 20%.
UK stocks closed higher as Royal Dutch Shell lifted the UK market after the oil giant signalled a stronger financial footing with the return of all-cash dividends.
- Railway lines closed in the 1960s could be reopened if they boost the economy, the government has said. Some 4,000 miles of rail routes were closed and became known as the Beeching cuts - after Dr Richard Beeching who was then chairman of British Rail. It is part of the Transport Secretary Chris Grayling's rail strategy which will be unveiled on Wednesday.
- SoftBank Group Corp. and a group of investors are trying to buy a stake in Uber Technologies Inc. at a sizable discount to the company’s $69 billion valuation, seeking to clinch what would be one of the largest purchases of stock in a private company.
|FTSE All Share||4,095.13||1.0%||5.7%||12.5%|
|FTSE Small Cap||5,773.44||0.2%||12.3%||11.0%|
|St. James's Place||1,206.00||1.3%||18.9%||3.9%|
|Euro Stoxx 600||387.02||0.6%||7.1%||-1.2%|
|Dow Jones Ind||23,836.71||1.1%||20.6%||13.4%|
|MSCI AC Asia Pacific||171.98||-0.2%||27.4%||2.3%|
|MSCI World (Developed)||2,066.55||0.5%||18.0%||5.3%|
|MSCI AC World (Dev & Em)||504.45||0.5%||19.6%||5.6%|
|MSCI Emerging Markets||1,146.50||0.2%||33.0%||8.6%|
|MSCI AC World Value||218.85||0.7%||12.6%||9.5%|
|MSCI AC World Growth||273.85||0.3%||27.0%||1.8%|
|FTSE Gilts All Stocks||3,562.73||0.0%||1.1%||8.5%|
|FTSE Index Linked All Stocks||647.88||0.1%||1.7%||21.2%|
|ML Sterling Corporate Bonds||396.30||0.0%||4.0%||10.7%|
|ML Global High Yield Bonds||375.63||-0.1%||9.7%||15.0%|
|Brent Crude Oil||63.61||-0.4%||8.4%||23.4%|
|Consumer Goods and Services||22,028.02||0.9%||11.9%||9.6%|
|Oil & Gas||8,762.74||2.9%||2.5%||54.2%|
|$ per £||1.33||0.0%||8.0%||-16.3%|
|€ per £||1.12||-0.3%||-4.5%||-15.7%|
|¥ per £||148.02||-0.2%||2.4%||-22.7%|
|VIX Index (Volatility)||10.03||1.6%||-28.6%||-22.9%|
|Baltic Dry Index||1,506.00||2.0%||56.7%||101.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.52%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.00%|
|Yields / Ratios|
|FTSE 100 Adj P/E||20.14|
|FTSE All Share Adj P/E||19.64|
|FTSE All Share Yld||3.80%|
|15yr Gilt Yield||1.58%|
|10yr Gilt Yield||1.25%|
|10yr US Tres Yield||2.33%|
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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