Investment Market Update
Asian stocks rose, with a rally in Japan offsetting declines in China, as investors weighed economic data and the possible path for interest rates. The yuan also extended gains.
US stocks closed lower as a fall in oil price pulled energy stocks lower. The resolution of some technical issues in Libya raised the prospect of a supply increase and focused attention on whether Opec members would be able to limit overall production to keep prices higher.
UK stocks hit a new intra-day high in morning trade, but ended the day lower. Sterling took the opposite tack, recovering after a dip, prompted by a projection suggesting there could be a hung parliament after the election on 8 June.
- Insurers have warned customers that premiums will go up thanks to a tax rise that has now come into force. The Insurance Premium Tax (IPT) rate has increased from 10% to 12%, with motor, home, pet and health insurance all affected.
- BA's owner IAG launches its new trans-Atlantic budget airline, Level, with its first flight from Barcelona to Los Angeles on Thursday. Over the next three weeks Level will roll out flights from the Spanish city to San Francisco, Buenos Aires and Punta Cana in the Dominican Republic. Fares start from £99 one-way and have been on sale since March.
|FTSE All Share||4,116.08||-0.1%||6.3%||12.5%|
|FTSE Small Cap||5,655.22||0.0%||10.0%||11.0%|
|St. James's Place||1,173.00||-0.8%||18.0%||3.9%|
|Euro Stoxx 600||389.99||-0.1%||7.9%||-1.2%|
|Dow Jones Ind||21,008.65||-0.1%||6.3%||13.4%|
|MSCI AC Asia Pacific||152.68||-0.1%||13.1%||2.3%|
|MSCI World (Developed)||1,911.74||0.1%||9.2%||5.3%|
|MSCI AC World (Dev & Em)||463.79||0.0%||9.9%||5.6%|
|MSCI Emerging Markets||1,005.33||-0.6%||16.6%||8.6%|
|MSCI AC World Value||204.64||-0.1%||5.3%||9.5%|
|MSCI AC World Growth||247.75||0.1%||14.9%||1.8%|
|FTSE Gilts All Stocks||3,615.80||0.0%||2.6%||8.5%|
|FTSE Index Linked All Stocks||651.48||-0.8%||2.3%||21.2%|
|ML Sterling Corporate Bonds||396.36||-0.2%||4.0%||10.7%|
|ML Global High Yield Bonds||362.98||0.1%||6.0%||15.0%|
|Brent Crude Oil||51.84||-0.9%||-10.1%||23.4%|
|Consumer Goods and Services||22,987.99||0.4%||16.8%||9.6%|
|Oil & Gas||7,851.96||-1.0%||-8.1%||54.2%|
|$ per £||1.28||-0.4%||4.1%||-16.3%|
|€ per £||1.15||0.2%||-2.0%||-15.7%|
|¥ per £||142.30||-0.2%||-1.5%||-22.7%|
|VIX Index (Volatility)||10.41||0.3%||-25.9%||-22.9%|
|Baltic Dry Index||878.00||-2.4%||-8.6%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.30%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||25.36|
|FTSE All Share Adj P/E||23.89|
|FTSE All Share Yld||3.76%|
|15yr Gilt Yield||1.43%|
|10yr Gilt Yield||1.05%|
|10yr US Tres Yield||2.20%|
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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