Investment Market Update
Global stocks rallied as US and UK stocks closed at record highs. Traders attributed the rise to Donald Trump's speech to Congress as well as the increasing expectations of a US rate rise.
- Snap, owner of messaging app Snapchat, has priced its shares at $17 ahead of Thursday's listing on the US stock market. The flotation values the business at $24bn, although Snap has never made a profit.
- Typical household incomes in the UK will not grow for the next two years due to the "long shadow" of the financial crisis, a report suggests. In five years' time, median income will be 4% higher than it is now, the Institute for Fiscal Studies predicts. The recession and tepid recovery mean that from the start of the crisis to 2021, households will suffer the worst income squeeze for 60 years, it says.
|FTSE All Share||4,014.72||1.6%||3.7%||12.5%|
|FTSE Small Cap||5,358.95||1.3%||4.2%||11.0%|
|St. James's Place||1,076.00||2.0%||6.1%||3.9%|
|Euro Stoxx 600||375.69||1.5%||3.9%||-1.2%|
|Dow Jones Ind||21,115.55||1.5%||6.8%||13.4%|
|MSCI AC Asia Pacific||144.73||-0.2%||7.2%||2.3%|
|MSCI World (Developed)||1,856.34||1.0%||6.0%||5.3%|
|MSCI AC World (Dev & Em)||448.41||0.9%||6.3%||5.6%|
|MSCI Emerging Markets||938.47||0.2%||8.8%||8.6%|
|MSCI AC World Value||203.77||0.9%||4.8%||9.5%|
|MSCI AC World Growth||232.58||0.8%||7.9%||1.8%|
|FTSE Gilts All Stocks||3,555.24||-0.4%||0.9%||8.5%|
|FTSE Index Linked All Stocks||640.45||-0.5%||0.6%||21.2%|
|ML Sterling Corporate Bonds||386.73||-0.2%||1.4%||10.7%|
|ML Global High Yield Bonds||353.17||0.0%||3.1%||15.0%|
|Brent Crude Oil||56.36||-0.3%||-2.9%||23.4%|
|Consumer Goods and Services||21,713.57||1.3%||10.3%||9.6%|
|Oil & Gas||7,988.65||2.3%||-6.5%||54.2%|
|$ per £||1.24||0.7%||0.5%||-16.3%|
|€ per £||1.18||1.2%||0.6%||-15.7%|
|¥ per £||139.20||-0.6%||-3.7%||-22.7%|
|VIX Index (Volatility)||11.93||-7.7%||-15.0%||-22.9%|
|Baltic Dry Index||871.00||1.4%||-9.4%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.36%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.39|
|FTSE All Share Adj P/E||25.23|
|FTSE All Share Yld||3.82%|
|15yr Gilt Yield||1.54%|
|10yr Gilt Yield||1.19%|
|10yr US Tres Yield||2.45%|
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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