Investment Market Update
Asian stocks rose and the dollar strengthened as investors sifted through the latest news on the US-China trade front and positive results from Apple. Bonds fell as Japanese yields climbed higher after the central bank said it would allow more flexibility in yield movements.
US stocks increased, helped by a round of strong earnings reports in the industrials sector, while technology stocks started to recover after a three-session downturn.
UK stocks finished higher, as shares of commodity producers Fresnillo and BP advanced, then extended gains following a report that the US and China may restart discussions aimed at resolving trade conflicts.
- Apple sold fewer iPhones than expected in its most recent quarter but higher selling prices meant the tech giant still beat Wall Street forecasts. The firm said it sold 41.3 million iPhones in the three months to the end of June, up just 1% from last year. But the average iPhone selling price hit $724, well above the expected $694.
- The number of cars made in the UK fell last month after domestic demand plunged due to what the industry body called a "perfect storm of events". Production fell 5.5% in June - driven by a 47.2% drop in production for the UK market, according to the Society of Motor Manufacturers and Traders (SMMT). The SMMT blamed preparation for new emissions tests and new car models for what it said was a "one-month anomaly".
|FTSE All Share||4,253.31||0.5%||0.7%||9.0%|
|FTSE Small Cap||5,880.90||0.0%||-0.5%||14.9%|
|St. James's Place||1,205.50||-0.9%||-1.7%||20.9%|
|Euro Stoxx 600||391.61||0.2%||0.6%||7.7%|
|Dow Jones Ind||25,415.19||0.4%||2.8%||25.1%|
|MSCI AC Asia Pacific||166.98||-0.7%||-3.9%||28.7%|
|MSCI World (Developed)||2,153.10||0.2%||2.4%||20.1%|
|MSCI AC World (Dev & Em)||519.82||0.2%||1.3%||21.6%|
|MSCI Emerging Markets||1,087.46||-0.2%||-6.1%||34.2%|
|MSCI AC World Value||219.56||0.2%||-2.0%||15.2%|
|MSCI AC World Growth||289.43||0.1%||4.6%||28.3%|
|FTSE Gilts All Stocks||3,591.33||0.3%||0.1%||3.0%|
|FTSE Index Linked All Stocks||642.53||0.8%||-0.8%||2.3%|
|ML Sterling Corporate Bonds||394.79||0.3%||-1.5%||5.7%|
|ML Global High Yield Bonds||376.93||0.1%||-0.1%||9.7%|
|Brent Crude Oil||74.21||-1.8%||15.3%||14.5%|
|Consumer Goods and Services||21,144.32||0.6%||-5.4%||13.6%|
|Oil & Gas||9,712.50||1.0%||7.2%||6.0%|
|$ per £||1.31||0.1%||-2.8%||9.5%|
|€ per £||1.12||0.0%||-0.4%||-4.0%|
|¥ per £||145.76||-0.7%||-4.3%||5.3%|
|VIX Index (Volatility)||12.83||-10.0%||16.2%||-21.4%|
|Baltic Dry Index||1,747.00||2.6%||27.9%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.79%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.72|
|FTSE All Share Adj P/E||12.74|
|FTSE All Share Yld||3.95%|
|15yr Gilt Yield||1.59%|
|10yr Gilt Yield||1.33%|
|10yr US Tres Yield||2.96%|
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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