Investment Market Update
Asian stocks advanced as it sets to round out the month in mixed fashion, as investors await a crucial meeting between the US and Chinese presidents surrounding discussions regarding the trade war.
US stocks finished lower Thursday after an afternoon rally faded. Banks and technology companies fell after the market pulled off a huge rally the day before when Federal Reserve chair Jerome Powell suggested in a speech that the Fed might be almost done raising interest rates.
UK stocks ended in positive territory on Thursday, driven by mining and commodities stocks. A strong performance from Wall Street overnight also helped boost the index, as well as a bounce back in oil prices.
- The Frankfurt headquarters of Deutsche Bank have been raided by prosecutors in a money laundering investigation. Germany's public prosecutor alleged that two staff members have helped clients launder money from criminal activities.
- Shares in the owner of shopping centres including Lakeside and the Trafford Centre have plunged after a £2.8bn takeover bid was abandoned. The consortium bidding for Intu Properties blamed economic uncertainty and market volatility for walking away. It was led by the Peel Group and included Saudi Arabian firm Olayan and Canada's Brookfield Property.
|FTSE All Share||3,853.36||0.4%||-8.7%||9.0%|
|FTSE Small Cap||5,379.55||-0.1%||-9.0%||14.9%|
|St. James's Place||1,033.50||-1.9%||-15.7%||20.9%|
|Euro Stoxx 600||358.10||0.2%||-8.0%||7.7%|
|Dow Jones Ind||25,338.84||-0.1%||2.5%||25.1%|
|MSCI AC Asia Pacific||153.71||0.6%||-11.6%||28.7%|
|MSCI World (Developed)||2,034.89||0.3%||-3.3%||20.1%|
|MSCI AC World (Dev & Em)||489.66||0.3%||-4.6%||21.6%|
|MSCI Emerging Markets||998.05||0.6%||-13.8%||34.2%|
|MSCI AC World Value||209.28||0.2%||-6.6%||15.2%|
|MSCI AC World Growth||269.50||0.4%||-2.6%||28.3%|
|FTSE Gilts All Stocks||3,548.97||0.3%||-1.1%||3.0%|
|FTSE Index Linked All Stocks||628.73||0.7%||-2.9%||2.3%|
|ML Sterling Corporate Bonds||388.63||0.1%||-3.0%||5.7%|
|ML Global High Yield Bonds||369.25||0.3%||-2.2%||9.7%|
|Brent Crude Oil||59.51||1.3%||-6.0%||14.5%|
|Consumer Goods and Services||18,404.55||0.2%||-17.7%||13.6%|
|Oil & Gas||8,782.98||0.7%||-3.1%||6.0%|
|$ per £||1.28||0.2%||-5.2%||9.5%|
|€ per £||1.13||0.5%||0.2%||-4.0%|
|¥ per £||145.60||0.4%||-4.4%||5.3%|
|VIX Index (Volatility)||18.79||1.6%||70.2%||-21.4%|
|Baltic Dry Index||1,281.00||-3.7%||-6.2%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.89%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.69|
|FTSE All Share Adj P/E||11.66|
|FTSE All Share Yld||4.49%|
|15yr Gilt Yield||1.62%|
|10yr Gilt Yield||1.37%|
|10yr US Tres Yield||3.03%|
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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