Investment Market Update
Asian equities were mixed as investors awaited more clues on US interest rates and economic growth, ahead of a meeting between Donald Trump and China’s Xi Jinping. Stocks in Shanghai rallied and the yen strengthened.
US stocks ended the day little changed, with investors cautious about President Donald Trump's pending meeting with China's Xi Jinping.
UK stocks increased as mining stocks led a rise for the FTSE 100, with Fresnillo, Anglo American and Rio Tinto among the four main gainers.
- Toshiba has been forced to buy the 40% of the UK nuclear energy company NuGen that it does not already own. NuGen has the contract to build a new nuclear power plant in Cumbria. The French utility company Engie said it was exercising its "contractual rights" to sell its shares because NuGen was "facing some significant challenges".
- Plans for the Royal Bank of Scotland are to be scrutinised in an "in-depth investigation" by the European Commission. The bank has set out plans to abandon the requirement placed on it by the Commission in 2009 that it should sell a large portion of its business.
|FTSE All Share||3,990.30||0.5%||3.0%||12.5%|
|FTSE Small Cap||5,397.64||0.0%||4.9%||11.0%|
|St. James's Place||1,065.00||0.9%||5.0%||3.9%|
|Euro Stoxx 600||380.03||0.2%||5.1%||-1.2%|
|Dow Jones Ind||20,689.24||0.2%||4.7%||13.4%|
|MSCI AC Asia Pacific||147.20||-0.3%||9.0%||2.3%|
|MSCI World (Developed)||1,850.02||0.1%||5.6%||5.3%|
|MSCI AC World (Dev & Em)||448.43||0.1%||6.3%||5.6%|
|MSCI Emerging Markets||965.17||0.0%||11.9%||8.6%|
|MSCI AC World Value||202.09||0.0%||4.0%||9.5%|
|MSCI AC World Growth||234.56||0.1%||8.8%||1.8%|
|FTSE Gilts All Stocks||3,602.35||-0.1%||2.2%||8.5%|
|FTSE Index Linked All Stocks||661.75||0.4%||3.9%||21.2%|
|ML Sterling Corporate Bonds||390.53||0.0%||2.4%||10.7%|
|ML Global High Yield Bonds||352.98||0.0%||3.1%||15.0%|
|Brent Crude Oil||54.17||2.0%||-7.3%||23.4%|
|Consumer Goods and Services||21,918.61||0.0%||11.4%||9.6%|
|Oil & Gas||7,894.77||1.2%||-7.6%||54.2%|
|$ per £||1.24||-0.2%||0.5%||-16.3%|
|€ per £||1.15||-1.6%||-2.2%||-15.7%|
|¥ per £||137.86||0.2%||-4.6%||-22.7%|
|VIX Index (Volatility)||11.79||-4.8%||-16.0%||-22.9%|
|Baltic Dry Index||1,255.00||-2.1%||30.6%||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||26.70|
|FTSE All Share Adj P/E||24.76|
|FTSE All Share Yld||3.89%|
|15yr Gilt Yield||1.43%|
|10yr Gilt Yield||1.07%|
|10yr US Tres Yield||2.36%|
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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