Investment Market Update
Asian stocks advanced after the Trump administration’s plan to roll back financial regulations sparked a rally in global bank shares. The dollar was mixed as a US jobs report showed weaker wage growth.
US stocks rose the most in a week after Labor Department data showed US employers in January hired the most workers in four months. Financial shares rallied on the prospect of looser financial regulations.
UK stocks climbed thanks to a dip in the pound and a strong performance by banks. Financial stocks jumped following reports that Donald Trump is seeking to repeal the Dodd-Frank Law, which regulates the US banking sector.
- German factory orders surged the most in two and a half years in December amid a surge in investment goods demand, suggesting that the strong run of Europe’s largest economy at the end of the year is set to continue. Orders, adjusted for seasonal swings and inflation, rose 5.2% from November, when they fell a revised 3.6%, data from the Economy Ministry in Berlin showed.
- Ryanair Holdings Plc reported an 8% drop in third-quarter earnings and said it’s “cautious” about meeting full-year targets as a capacity glut and stuttering economies cause fares to tumble.
|FTSE All Share||3,907.69||0.7%||0.9%||12.5%|
|FTSE Small Cap||5,263.22||0.6%||2.3%||11.0%|
|St. James's Place||1,080.00||0.8%||6.5%||3.9%|
|Euro Stoxx 600||364.07||0.6%||0.7%||-1.2%|
|Dow Jones Ind||20,071.46||0.9%||1.6%||13.4%|
|MSCI AC Asia Pacific||142.08||0.1%||5.2%||2.3%|
|MSCI World (Developed)||1,805.51||0.6%||3.1%||5.3%|
|MSCI AC World (Dev & Em)||436.45||0.6%||3.5%||5.6%|
|MSCI Emerging Markets||918.87||0.4%||6.6%||8.6%|
|MSCI AC World Value||198.81||0.6%||2.3%||9.5%|
|MSCI AC World Growth||225.81||0.5%||4.7%||1.8%|
|FTSE Gilts All Stocks||3,469.92||0.2%||-1.6%||8.5%|
|FTSE Index Linked All Stocks||632.44||-0.6%||-0.7%||21.2%|
|ML Sterling Corporate Bonds||378.35||0.2%||-0.8%||10.7%|
|ML Global High Yield Bonds||350.10||0.2%||2.2%||15.0%|
|Brent Crude Oil||56.81||0.4%||-1.2%||23.4%|
|Consumer Goods and Services||20,530.69||0.9%||4.3%||9.6%|
|Oil & Gas||8,233.33||1.2%||-3.7%||54.2%|
|$ per £||1.25||0.0%||1.1%||-16.3%|
|€ per £||1.16||0.2%||-1.1%||-15.7%|
|¥ per £||140.67||0.1%||-2.7%||-22.7%|
|VIX Index (Volatility)||10.97||-8.0%||-21.9%||-22.9%|
|Baltic Dry Index||752.00||-2.3%||-21.7%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.35%|
|Consumer Price Index||1.60%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.00|
|FTSE All Share Adj P/E||24.38|
|FTSE All Share Yld||3.88%|
|15yr Gilt Yield||1.77%|
|10yr Gilt Yield||1.35%|
|10yr US Tres Yield||2.46%|
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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