Investment Market Update
Asian stocks climbed from a 15-week low, paring a monthly loss, as the global panic triggered by Italy’s political crisis moderated. Japan rebounded from its longest losing streak since 2012, while Hong Kong and South Korea halted a two-day slump.
US stocks rose, as investors reassessed the extent of political turmoil in Italy after concern that the Mediterranean nation may leave the euro.
UK stocks closed higher on Wednesday, as fears surrounding political turmoil in Italy eased, with oil majors driving gains in the FTSE 100.
- A group of major European companies has warned the Prime Minister they may cut investment without more clarity over the terms of Britain's EU exit. Business leaders, including from BP, BMW, Nestle, and Vodafone, told Theresa May that "time is running out".
- European leaders are braced for US tariffs on steel and aluminium to go into effect, as negotiations over the issue draw to a close. The Trump administration is planning to let a temporary exemption granted to the European Union expire, The Wall Street Journal reported.
|FTSE All Share||4,226.47||0.6%||0.1%||9.0%|
|FTSE Small Cap||5,926.55||-0.3%||0.2%||14.9%|
|St. James's Place||1,178.00||0.7%||-3.9%||20.9%|
|Euro Stoxx 600||385.49||0.3%||-0.9%||7.7%|
|Dow Jones Ind||24,667.78||1.3%||-0.2%||25.1%|
|MSCI AC Asia Pacific||170.61||-1.4%||-1.8%||28.7%|
|MSCI World (Developed)||2,100.42||0.8%||-0.1%||20.1%|
|MSCI AC World (Dev & Em)||509.96||0.6%||-0.6%||21.6%|
|MSCI Emerging Markets||1,112.75||-1.2%||-3.9%||34.2%|
|MSCI AC World Value||214.98||0.7%||-4.0%||15.2%|
|MSCI AC World Growth||284.49||0.5%||2.8%||28.3%|
|FTSE Gilts All Stocks||3,623.20||0.2%||1.0%||3.0%|
|FTSE Index Linked All Stocks||641.13||0.6%||-1.0%||2.3%|
|ML Sterling Corporate Bonds||394.86||0.1%||-1.5%||5.7%|
|ML Global High Yield Bonds||371.72||0.1%||-1.5%||9.7%|
|Brent Crude Oil||77.50||2.8%||18.4%||14.5%|
|Consumer Goods and Services||20,234.81||0.2%||-9.5%||13.6%|
|Oil & Gas||9,746.45||2.6%||7.6%||6.0%|
|$ per £||1.32||-0.4%||-2.0%||9.5%|
|€ per £||1.15||0.6%||1.9%||-4.0%|
|¥ per £||144.05||-0.5%||-5.4%||5.3%|
|VIX Index (Volatility)||14.94||-12.2%||35.3%||-21.4%|
|Baltic Dry Index||1,042.00||-1.4%||-23.7%||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||13.16|
|FTSE All Share Adj P/E||13.56|
|FTSE All Share Yld||3.96%|
|15yr Gilt Yield||1.56%|
|10yr Gilt Yield||1.26%|
|10yr US Tres Yield||2.85%|
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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Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.