Investment Market Update
Asian stocks fell, taking their cue from a weaker US equities session, as a rising yen weighed on shares in Tokyo. The Australian dollar dropped after the nation’s central bank left rates unchanged.
US stocks edged lower with shares in car makers under pressure after disappointing sales numbers. Shares in General Motors fell 3.4% after sales figures for March were less than analysts had been hoping for. Ford shares fell almost 2%.
UK stocks ended the session lower as the FTSE 100 index closed down 0.5%. ITV fell 2.6% as the broadcaster's shares relinquished gains recorded last week after bid speculation.
- The European Central Bank estimates that Banca Popolare di Vicenza SpA and Veneto Banca SpA need about 6.4 billion euros to bolster their balance sheets, and considers the two struggling Italian lenders to be solvent, according to people familiar with the matter.
- The US administration began to deliver on President Donald Trump’s campaign promise to crack down on a work visa program that channels thousands of skilled overseas workers to companies across the technology industry.
|FTSE All Share||3,970.98||-0.5%||2.5%||12.5%|
|FTSE Small Cap||5,398.59||-0.6%||5.0%||11.0%|
|St. James's Place||1,055.00||-0.7%||4.0%||3.9%|
|Euro Stoxx 600||379.29||-0.5%||4.9%||-1.2%|
|Dow Jones Ind||20,650.21||-0.1%||4.5%||13.4%|
|MSCI AC Asia Pacific||147.68||0.5%||9.4%||2.3%|
|MSCI World (Developed)||1,848.97||-0.3%||5.6%||5.3%|
|MSCI AC World (Dev & Em)||448.20||-0.1%||6.2%||5.6%|
|MSCI Emerging Markets||965.15||0.7%||11.9%||8.6%|
|MSCI AC World Value||202.02||-0.3%||3.9%||9.5%|
|MSCI AC World Growth||234.40||0.0%||8.7%||1.8%|
|FTSE Gilts All Stocks||3,604.32||0.6%||2.3%||8.5%|
|FTSE Index Linked All Stocks||658.81||1.7%||3.5%||21.2%|
|ML Sterling Corporate Bonds||390.54||0.5%||2.4%||10.7%|
|ML Global High Yield Bonds||352.96||0.0%||3.1%||15.0%|
|Brent Crude Oil||53.12||-0.8%||-9.1%||23.4%|
|Consumer Goods and Services||21,912.90||-0.2%||11.3%||9.6%|
|Oil & Gas||7,797.33||-0.7%||-8.8%||54.2%|
|$ per £||1.24||-0.6%||0.5%||-16.3%|
|€ per £||1.15||-1.9%||-2.2%||-15.7%|
|¥ per £||137.86||-0.5%||-4.6%||-22.7%|
|VIX Index (Volatility)||12.38||0.1%||-11.8%||-22.9%|
|Baltic Dry Index||1,282.00||-1.2%||33.4%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.34%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||26.56|
|FTSE All Share Adj P/E||24.64|
|FTSE All Share Yld||3.90%|
|15yr Gilt Yield||1.42%|
|10yr Gilt Yield||1.06%|
|10yr US Tres Yield||2.32%|
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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