Investment Market Update
Asian stocks recouped early losses and crept higher on Tuesday as China made a fresh attempt to stabilize its stock markets.
US stocks fell on Monday after a Bloomberg report that the United States is preparing to announce tariffs on all remaining Chinese imports by early December, if talks next month between presidents Donald Trump and Xi Jinping falter.
UK stocks closed higher on Monday as HSBC led a rally in banking stocks after strong results, and investors digested finance minister Philip Hammond's pledge to raise public spending and cut taxes for households in his annual budget.
- Technology giants will be forced to pay tax on the sales they generate in the UK, under new plans announced in the Budget. Chancellor Philip Hammond plans to introduce a digital services tax from April 2020 following a consultation. He said "established tech giants" will be targeted rather than start-ups.
- China plans to deepen its foreign-exchange markets to encourage both domestic and overseas players to trade and borrow external currencies more onshore, in the latest step toward fostering a global role for its financial system.
|FTSE All Share||3,846.97||1.2%||-8.9%||9.0%|
|FTSE Small Cap||5,404.13||0.9%||-8.6%||14.9%|
|St. James's Place||982.60||1.3%||-19.9%||20.9%|
|Euro Stoxx 600||355.51||0.9%||-8.7%||7.7%|
|Dow Jones Ind||24,442.92||-1.0%||-1.1%||25.1%|
|MSCI AC Asia Pacific||145.80||-0.5%||-16.1%||28.7%|
|MSCI World (Developed)||1,975.70||-0.3%||-6.1%||20.1%|
|MSCI AC World (Dev & Em)||473.52||-0.3%||-7.7%||21.6%|
|MSCI Emerging Markets||934.80||-0.5%||-19.3%||34.2%|
|MSCI AC World Value||203.20||0.3%||-9.3%||15.2%|
|MSCI AC World Growth||259.57||-1.0%||-6.2%||28.3%|
|FTSE Gilts All Stocks||3,583.16||-0.2%||-0.2%||3.0%|
|FTSE Index Linked All Stocks||648.10||-0.2%||0.0%||2.3%|
|ML Sterling Corporate Bonds||395.54||-0.1%||-1.3%||5.7%|
|ML Global High Yield Bonds||373.11||0.1%||-1.1%||9.7%|
|Brent Crude Oil||77.34||-0.4%||21.5%||14.5%|
|Consumer Goods and Services||19,386.04||-0.5%||-13.3%||13.6%|
|Oil & Gas||9,019.57||0.9%||-0.4%||6.0%|
|$ per £||1.28||0.2%||-5.1%||9.5%|
|€ per £||1.13||0.1%||-0.1%||-4.0%|
|¥ per £||143.57||-0.3%||-5.7%||5.3%|
|VIX Index (Volatility)||24.70||2.2%||123.7%||-21.4%|
|Baltic Dry Index||1,519.00||0.0%||11.2%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.81%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.81|
|FTSE All Share Adj P/E||10.84|
|FTSE All Share Yld||4.46%|
|15yr Gilt Yield||1.58%|
|10yr Gilt Yield||1.40%|
|10yr US Tres Yield||3.08%|
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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