Investment Market Update
Asian stocks mostly edged higher as investors continued to digest earnings and the European Central Bank’s decision to extend its stimulus further improved the dollar’s yield advantage.
US stocks increased off the back of stronger-than-expected US economic data and earnings from some of tech’s biggest names.
UK stocks closed higher as investors snapped up shares in the Royal Bank of Scotland after the lender swung into profit. British Airways owner IAG was the biggest faller, down 7% despite the airline group reporting higher profits.
- Banking giant HSBC has reported pre-tax quarterly profits of $4.6bn for the three months to the end of September. The result marks a huge 448% increase from $843m posted in the same period a year ago. At that time, earnings were hit by a one-off loss of $1.7bn from the sale of its Brazilian unit.
The US economy expanded at an annual pace of 3% during the three months to the end of September, which was stronger than expected. The growth extended the robust activity reported in the previous quarter, when US GDP grew at an annual pace of 3.1%. Analysts had been expecting a sharp slowdown after back-to-back hurricanes battered several states in the quarter.
|FTSE All Share||4,120.21||0.2%||6.4%||12.5%|
|FTSE Small Cap||5,834.73||0.8%||13.4%||11.0%|
|St. James's Place||1,176.00||-0.7%||19.9%||3.9%|
|Euro Stoxx 600||393.43||0.6%||8.9%||-1.2%|
|Dow Jones Ind||23,434.19||0.1%||18.6%||13.4%|
|MSCI AC Asia Pacific||167.35||0.5%||23.9%||2.3%|
|MSCI World (Developed)||2,034.60||0.4%||16.2%||5.3%|
|MSCI AC World (Dev & Em)||495.69||0.4%||17.5%||5.6%|
|MSCI Emerging Markets||1,110.22||0.2%||28.8%||8.6%|
|MSCI AC World Value||217.42||0.0%||11.9%||9.5%|
|MSCI AC World Growth||266.31||0.8%||23.5%||1.8%|
|FTSE Gilts All Stocks||3,519.98||0.4%||-0.1%||8.5%|
|FTSE Index Linked All Stocks||624.45||0.0%||-1.9%||21.2%|
|ML Sterling Corporate Bonds||393.61||0.4%||3.3%||10.7%|
|ML Global High Yield Bonds||374.85||-0.2%||9.4%||15.0%|
|Brent Crude Oil||60.44||1.9%||2.9%||23.4%|
|Consumer Goods and Services||22,347.26||0.8%||13.5%||9.6%|
|Oil & Gas||8,574.91||1.1%||0.3%||54.2%|
|$ per £||1.32||0.4%||6.8%||-16.3%|
|€ per £||1.13||-0.3%||-3.9%||-15.7%|
|¥ per £||149.87||0.4%||3.7%||-22.7%|
|VIX Index (Volatility)||9.80||-13.3%||-30.2%||-22.9%|
|Baltic Dry Index||1,546.00||-0.6%||60.9%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.42%|
|Consumer Price Index||3.00%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||21.52|
|FTSE All Share Adj P/E||20.93|
|FTSE All Share Yld||3.79%|
|15yr Gilt Yield||1.68%|
|10yr Gilt Yield||1.35%|
|10yr US Tres Yield||2.41%|
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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