Investment Market Update
Asian shares were affected also by Italy and news hit of President Donald Trump saying he’s moving ahead with plans to impose tariffs on $50 billion of Chinese imports and curb investment in sensitive technology.
US shares were lower off the back of fears in Italy but also oil company Chervon, which fell 3.5% following news it pulled off-shore workers from oil rigs in the Gulf of Mexico due to a storm and GAP which reported disappointing sales.
UK stocks fell due to investor fears over a political crisis in Italy leading to a Europe-wide sell-off of stocks.
- Italy's PM-designate Carlo Cottarelli is to meet the country's president, amid reports that snap elections may be called to break the political deadlock. Media reports say Mr Cottarelli, an ex-IMF economist, has failed to secure support from major political parties and may not even bother to be sworn in.
|FTSE All Share||4,199.30||-1.3%||-0.5%||9.0%|
|FTSE Small Cap||5,942.56||-0.6%||0.5%||14.9%|
|St. James's Place||1,170.00||-3.1%||-4.6%||20.9%|
|Euro Stoxx 600||384.47||-1.4%||-1.2%||7.7%|
|Dow Jones Ind||24,361.45||-1.6%||-1.4%||25.1%|
|MSCI AC Asia Pacific||172.96||-0.4%||-0.5%||28.7%|
|MSCI World (Developed)||2,083.27||-1.1%||-1.0%||20.1%|
|MSCI AC World (Dev & Em)||506.99||-1.1%||-1.2%||21.6%|
|MSCI Emerging Markets||1,126.25||-0.9%||-2.8%||34.2%|
|MSCI AC World Value||213.55||-1.3%||-4.7%||15.2%|
|MSCI AC World Growth||283.04||-0.9%||2.3%||28.3%|
|FTSE Gilts All Stocks||3,616.98||0.8%||0.8%||3.0%|
|FTSE Index Linked All Stocks||637.29||1.1%||-1.6%||2.3%|
|ML Sterling Corporate Bonds||394.50||0.0%||-1.6%||5.7%|
|ML Global High Yield Bonds||371.33||-0.4%||-1.6%||9.7%|
|Brent Crude Oil||75.39||0.1%||15.1%||14.5%|
|Consumer Goods and Services||20,203.60||-1.3%||-9.6%||13.6%|
|Oil & Gas||9,504.07||0.0%||4.9%||6.0%|
|$ per £||1.33||0.5%||-1.5%||9.5%|
|€ per £||1.14||-0.2%||1.7%||-4.0%|
|¥ per £||145.67||1.1%||-4.3%||5.3%|
|VIX Index (Volatility)||17.02||28.7%||54.2%||-21.4%|
|Baltic Dry Index||1,057.00||-1.9%||-22.6%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.61%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.06|
|FTSE All Share Adj P/E||13.48|
|FTSE All Share Yld||3.99%|
|15yr Gilt Yield||1.51%|
|10yr Gilt Yield||1.20%|
|10yr US Tres Yield||2.78%|
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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