Investment Market Update
Asian stocks were mixed as investors went on the defensive over worries about North Korea, but expectations that Beijing will maintain support for its economy ahead of a key congress supported Chinese stocks.
US stock markets were closed on Monday for the annual Labor Day holiday.
UK stocks were down overall on Monday amid fears over unrest in Asia, following North Korea's test of a nuclear bomb at the weekend. Mining stocks were some of the biggest risers driven by a rush to safe-haven stocks in the wake of the geopolitical tensions.
- UK retail sales rebounded last month despite shoppers facing pressure from higher inflation, according to an industry report. The British Retail Consortium, working with consultancy KPMG, said like-for-like sales rose 1.3% in August, against a 0.9% fall for the same month in 2016.
- More than 1.8 million Volkswagen cars are being recalled in China because of a faulty fuel pump. China's consumer watchdog said the recall affected vehicles made by VW and its two Chinese joint ventures with SAIC and FAW. The defect can cause the engine to stall due to an electronics failure in the fuel pump.
|FTSE All Share||4,060.73||-0.4%||4.8%||12.5%|
|FTSE Small Cap||5,703.77||-0.1%||10.9%||11.0%|
|St. James's Place||1,148.00||-0.9%||17.0%||3.9%|
|Euro Stoxx 600||374.18||-0.5%||3.5%||-1.2%|
|Dow Jones Ind||21,987.56||0.0%||11.3%||13.4%|
|MSCI AC Asia Pacific||160.23||-0.6%||18.6%||2.3%|
|MSCI World (Developed)||1,963.32||-0.1%||12.1%||5.3%|
|MSCI AC World (Dev & Em)||478.95||-0.2%||13.5%||5.6%|
|MSCI Emerging Markets||1,083.34||-0.7%||25.6%||8.6%|
|MSCI AC World Value||210.38||-0.2%||8.2%||9.5%|
|MSCI AC World Growth||256.95||-0.2%||19.2%||1.8%|
|FTSE Gilts All Stocks||3,602.16||0.0%||2.2%||8.5%|
|FTSE Index Linked All Stocks||648.62||-0.3%||1.9%||21.2%|
|ML Sterling Corporate Bonds||399.52||0.0%||4.8%||10.7%|
|ML Global High Yield Bonds||372.00||0.1%||8.6%||15.0%|
|Brent Crude Oil||52.34||-0.8%||-10.9%||23.4%|
|Consumer Goods and Services||22,206.19||-0.4%||12.8%||9.6%|
|Oil & Gas||7,752.04||0.2%||-9.3%||54.2%|
|$ per £||1.30||0.2%||5.0%||-16.3%|
|€ per £||1.09||0.5%||-6.9%||-15.7%|
|¥ per £||142.76||0.7%||-1.2%||-22.7%|
|VIX Index (Volatility)||10.13||0.0%||-27.8%||-22.9%|
|Baltic Dry Index||1,187.00||0.3%||23.5%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.28%|
|Consumer Price Index||2.60%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.25|
|FTSE All Share Adj P/E||21.39|
|FTSE All Share Yld||3.82%|
|15yr Gilt Yield||1.44%|
|10yr Gilt Yield||1.06%|
|10yr US Tres Yield||2.17%|
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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