Investment Market Update
Most Asian stock markets slipped Thursday after a lacklustre day on Wall Street as the Fed used its latest assessment of the US economy to signal that more interest rate increases are on the way. Japan's market remained closed for a holiday.
Gains in US banking shares were offset on Wednesday by declines in media stocks and Apple shares. Shares at media groups Viacom and Time Warner slid after the latter said advertisers were taking a "wait-and-see" approach. Apple shares fell 0.3%, although it started the day down nearly 2% after news that sales of iPhones fell in the first quarter of 2017.
UK stocks closed lower Wednesday, weighed down by weaker commodity stocks, while supermarket Sainsbury's dropped after an underwhelming earnings update. Software firm Sage was among the winners, adding 3.4% on the strength of its first-half results.
- HSBC Holdings Plc posted a surprise increase in first-quarter profit after Chief Executive Officer Stuart Gulliver stemmed the revenue decline that’s dogged his six-year tenure. Adjusted pretax profit, which excludes one-time items, rose 12% to $5.94 billion. Adjusted revenue rose 2%, compared with the 9% drop forecast by analysts, bolstered by growth at its three biggest businesses.
- Facebook's profits have jumped in the first three months of the year, as the social network closes in on two billion users, according to its latest results. The number of people using Facebook each month increased to 1.94 billion, of which nearly 1.3 billion use it daily, the company said. The US tech giant reported profits of just over $3bn (£2.4bn) in the first quarter, a 76% rise year-on-year.
|FTSE All Share||3,978.43||-0.3%||2.7%||12.5%|
|FTSE Small Cap||5,538.38||-0.5%||7.7%||11.0%|
|St. James's Place||1,152.00||0.0%||15.9%||3.9%|
|Euro Stoxx 600||389.37||0.0%||7.7%||-1.2%|
|Dow Jones Ind||20,957.90||0.0%||6.0%||13.4%|
|MSCI AC Asia Pacific||149.58||-0.3%||10.8%||2.3%|
|MSCI World (Developed)||1,883.14||-0.2%||7.5%||5.3%|
|MSCI AC World (Dev & Em)||456.62||-0.2%||8.2%||5.6%|
|MSCI Emerging Markets||985.74||-0.2%||14.3%||8.6%|
|MSCI AC World Value||203.79||-0.1%||4.8%||9.5%|
|MSCI AC World Growth||241.20||-0.2%||11.9%||1.8%|
|FTSE Gilts All Stocks||3,584.54||0.0%||1.7%||8.5%|
|FTSE Index Linked All Stocks||655.01||-0.7%||2.9%||21.2%|
|ML Sterling Corporate Bonds||391.93||0.2%||2.8%||10.7%|
|ML Global High Yield Bonds||359.15||0.0%||4.9%||15.0%|
|Brent Crude Oil||50.79||0.7%||-13.5%||23.4%|
|Consumer Goods and Services||21,895.50||-0.5%||11.2%||9.6%|
|Oil & Gas||7,550.78||0.0%||-11.7%||54.2%|
|$ per £||1.29||0.1%||4.7%||-16.3%|
|€ per £||1.18||0.2%||1.0%||-15.7%|
|¥ per £||144.90||-0.1%||0.3%||-22.7%|
|VIX Index (Volatility)||10.68||0.8%||-23.9%||-22.9%|
|Baltic Dry Index||1,034.00||-3.6%||7.6%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.32%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||25.09|
|FTSE All Share Adj P/E||23.70|
|FTSE All Share Yld||3.88%|
|15yr Gilt Yield||1.47%|
|10yr Gilt Yield||1.07%|
|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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