Investment Market Update
Shares across Asia's major markets have turned slightly lower on Thursday with little inspirations coming from the US or Europe. All eyes were on Toshiba after its US nuclear subsidiary Westinghouse filed for bankruptcy protection. The goal is to shield Toshiba from the hefty losses in the US and investors certainly liked the move. Toshiba shares were higher by 3.3%.
US markets were mixed as the Dow Jones fell but the S&P ended the day up. Sentiment was said to be influenced by uncertainty over government tax reforms, the pace of US interest rate rises and the formal start of the UK's Brexit process.
UK stocks ended up, as Sterling gained modest ground against the euro on Wednesday, as the UK formally announced the start of its process to leave the European Union.
- Two Federal Reserve policy makers discussed the possible need for a faster pace of interest-rate increases than currently mapped out by the US central bank, as the economy progresses toward goals for full employment and 2% inflation.
- Oil climbed to $52.42 a barrel, after surging 2.1% as a bigger-than-forecast decline in US gasoline stockpiles countered an expansion of crude production to the highest level in more than a year.
|FTSE All Share||4,011.80||0.4%||3.6%||12.5%|
|FTSE Small Cap||5,405.73||0.3%||5.1%||11.0%|
|St. James's Place||1,061.00||0.5%||4.6%||3.9%|
|Euro Stoxx 600||378.53||0.3%||4.7%||-1.2%|
|Dow Jones Ind||20,659.32||-0.2%||4.5%||13.4%|
|MSCI AC Asia Pacific||148.89||-0.1%||10.3%||2.3%|
|MSCI World (Developed)||1,856.77||-0.1%||6.0%||5.3%|
|MSCI AC World (Dev & Em)||450.22||-0.1%||6.7%||5.6%|
|MSCI Emerging Markets||971.86||0.2%||12.7%||8.6%|
|MSCI AC World Value||203.11||-0.2%||4.5%||9.5%|
|MSCI AC World Growth||235.25||0.1%||9.1%||1.8%|
|FTSE Gilts All Stocks||3,566.97||0.3%||1.2%||8.5%|
|FTSE Index Linked All Stocks||641.90||-0.2%||0.8%||21.2%|
|ML Sterling Corporate Bonds||387.64||0.2%||1.7%||10.7%|
|ML Global High Yield Bonds||352.36||0.1%||2.9%||15.0%|
|Brent Crude Oil||52.42||2.1%||-9.7%||23.4%|
|Consumer Goods and Services||22,095.30||0.6%||12.3%||9.6%|
|Oil & Gas||7,957.46||1.2%||-6.9%||54.2%|
|$ per £||1.24||-0.1%||0.5%||-16.3%|
|€ per £||1.15||-0.6%||-2.2%||-15.7%|
|¥ per £||137.86||0.0%||-4.6%||-22.7%|
|VIX Index (Volatility)||11.42||-1.0%||-18.7%||-22.9%|
|Baltic Dry Index||1,338.00||0.4%||39.2%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.34%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||26.85|
|FTSE All Share Adj P/E||24.87|
|FTSE All Share Yld||3.84%|
|15yr Gilt Yield||1.51%|
|10yr Gilt Yield||1.15%|
|10yr US Tres Yield||2.38%|
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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