Investment Market Update
Asian stocks headed for the biggest weekly rally since April 2016 amid fresh hopes for trade talks, with that renewed risk appetite looking set to extend into European and US sessions.
US stocks extended their gains after the US President said he had had a "very good conversation" with his Chinese counterpart Xi Jinping about trade.
UK stocks closed lower following a bumpy trading day for the FTSE 100. BT Group was the best performer on the blue chip index, up 8.7% after publishing its interim results.
- President Donald Trump wants to reach an agreement on trade with Chinese President Xi Jinping at the Group of 20 nations summit in Argentina later this month. He has asked key US officials to begin drafting potential terms, according to four people familiar with the matter.
- Mark Carney’s warning that a no deal Brexit would mean interest rate hikes isn’t convincing economists. The Bank of England governor says that crashing out of the European Union without a deal could trigger a supply side shock of a rare, once-in-a-generation magnitude. That would push up inflation and warrant tighter monetary policy.
|FTSE All Share||3,907.10||0.1%||-7.5%||9.0%|
|FTSE Small Cap||5,464.50||0.5%||-7.6%||14.9%|
|St. James's Place||1,016.50||0.3%||-17.1%||20.9%|
|Euro Stoxx 600||363.08||0.4%||-6.7%||7.7%|
|Dow Jones Ind||25,380.74||1.1%||2.7%||25.1%|
|MSCI AC Asia Pacific||150.31||0.5%||-13.5%||28.7%|
|MSCI World (Developed)||2,040.93||0.9%||-3.0%||20.1%|
|MSCI AC World (Dev & Em)||489.48||1.0%||-4.6%||21.6%|
|MSCI Emerging Markets||971.44||1.6%||-16.1%||34.2%|
|MSCI AC World Value||208.06||0.7%||-7.1%||15.2%|
|MSCI AC World Growth||270.87||1.3%||-2.1%||28.3%|
|FTSE Gilts All Stocks||3,572.81||0.0%||-0.5%||3.0%|
|FTSE Index Linked All Stocks||645.84||-0.5%||-0.3%||2.3%|
|ML Sterling Corporate Bonds||394.29||-0.1%||-1.6%||5.7%|
|ML Global High Yield Bonds||373.45||0.2%||-1.0%||9.7%|
|Brent Crude Oil||72.89||-2.9%||15.1%||14.5%|
|Consumer Goods and Services||19,259.29||0.5%||-13.9%||13.6%|
|Oil & Gas||9,056.09||-3.7%||0.0%||6.0%|
|$ per £||1.28||-1.9%||-5.6%||9.5%|
|€ per £||1.13||-1.0%||0.2%||-4.0%|
|¥ per £||144.19||-1.6%||-5.3%||5.3%|
|VIX Index (Volatility)||19.34||-8.9%||75.2%||-21.4%|
|Baltic Dry Index||1,490.00||-1.5%||9.1%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.82%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.73|
|FTSE All Share Adj P/E||10.84|
|FTSE All Share Yld||4.38%|
|15yr Gilt Yield||1.62%|
|10yr Gilt Yield||1.45%|
|10yr US Tres Yield||3.13%|
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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