Investment Market Update
Asian stocks started the week off with strong gains following the rally on Wall Street Friday as upbeat US job data for the month of December and optimism about US-China trade talks strengthened investor sentiment.
US stocks rebounded on Friday after a strong payrolls report and remarks from Federal Reserve Chairman Jerome Powell that suggested the central bank would be flexible with monetary policy. Technology stocks led the charge, jumping 4.3 percent, bouncing back from the prior session's worst day for the sector in over seven years.
UK stocks closed higher on Friday as news of a new round of talks between China and the United States raised hopes of a resolution between the trade wars.
- The US economy created many more jobs than expected in December, according to the latest government data. Employers added 312,000 jobs, far ahead of predictions of 177,000, the Labor Department said. The unemployment rate nudged higher to 3.9%, but is still near historic lows. Average hourly pay increased at an annual rate of 3.2% - an improvement on last month's 3.1%.
- The Port of Ramsgate "cannot be ready" for extra ferry services in the event of a no-deal Brexit, according to the councillor for the harbour area. Seaborne Freight has been given a £13.8m contract to run a freight service between Ramsgate and Ostend in the event of a no-deal Brexit. However, Conservative councillor Beverly Martin says the harbour cannot be ready by Brexit on 29 March.
|FTSE All Share||3,733.55||2.1%||1.6%||-13.0%|
|FTSE Small Cap||5,204.32||0.4%||0.5%||-12.4%|
|St. James's Place||971.00||3.3%||2.9%||-23.0%|
|Euro Stoxx 600||343.38||2.8%||1.7%||-13.2%|
|Dow Jones Ind||23,433.16||3.3%||0.5%||-5.6%|
|MSCI AC Asia Pacific||145.64||0.1%||-0.7%||-15.6%|
|MSCI World (Developed)||1,904.18||2.8%||1.1%||-10.4%|
|MSCI AC World (Dev & Em)||459.94||2.6%||0.9%||-11.2%|
|MSCI Emerging Markets||964.97||1.6%||-0.1%||-16.6%|
|MSCI AC World Value||196.97||2.4%||1.3%||-13.2%|
|MSCI AC World Growth||252.63||2.8%||0.6%||-9.2%|
|FTSE Gilts All Stocks||3,615.74||-0.7%||0.2%||0.8%|
|FTSE Index Linked All Stocks||653.05||-0.2%||1.7%||-1.2%|
|ML Sterling Corporate Bonds||392.21||-0.5%||0.1%||-2.4%|
|ML Global High Yield Bonds||367.58||0.7%||0.8%||-3.7%|
|Brent Crude Oil||57.06||2.0%||6.1%||-14.9%|
|Consumer Goods and Services||17,608.71||1.5%||0.9%||-21.0%|
|Oil & Gas||8,760.35||1.7%||3.5%||-7.4%|
|$ per £||1.26||-0.6%||-0.8%||-6.2%|
|€ per £||1.11||-0.6%||-0.4%||-1.3%|
|¥ per £||136.58||-1.1%||-2.3%||-19.7%|
|VIX Index (Volatility)||21.38||-16.0%||-15.9%||160.2%|
|Baltic Dry Index||1,260.00||-0.6%||-0.9%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.91%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.39|
|FTSE All Share Adj P/E||11.56|
|FTSE All Share Yld||4.86%|
|15yr Gilt Yield||1.48%|
|10yr Gilt Yield||1.28%|
|10yr US Tres Yield||2.67%|
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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