Investment Market Update
Asian stock markets were mixed and the dollar strengthened as investors eased up after political uncertainty sent them toward safe-haven assets.
US markets ended lower, after oil stocks were hit by a fall in global prices. Oil prices fell following fresh fears that an OPEC deal to curb production would fail to prevent over-supply.
UK stocks ended down despite Randgold's shares closing 4.1% higher after fourth-quarter profits climbed 22% to $94.3m, and it raised its dividend by a half.
- The government says 250,000 new homes are needed each year and has admitted it is lagging behind schedule. The new housing strategy for England includes forcing councils to plan for their local housing needs and giving them powers to pressure developers to start building on land they own.
- Prime Minister Theresa May easily warded off early efforts to amend the bill she’s trying to get through Parliament to allow her to begin Brexit negotiations. May’s Conservative Party only has 329 seats so the results, which kept the House of Commons voting until after midnight, suggest lawmakers in her party largely stayed loyal. The House of Commons voted down two amendments by the main opposition party that required ministers to give Parliament regular Brexit updates.
|FTSE All Share||3,899.70||-0.2%||0.7%||12.5%|
|FTSE Small Cap||5,272.08||0.2%||2.5%||11.0%|
|St. James's Place||1,064.00||-1.5%||4.9%||3.9%|
|Euro Stoxx 600||361.60||-0.7%||0.0%||-1.2%|
|Dow Jones Ind||20,052.42||-0.1%||1.5%||13.4%|
|MSCI AC Asia Pacific||142.81||0.5%||5.8%||2.3%|
|MSCI World (Developed)||1,798.21||-0.4%||2.7%||5.3%|
|MSCI AC World (Dev & Em)||435.09||-0.3%||3.1%||5.6%|
|MSCI Emerging Markets||922.99||0.4%||7.0%||8.6%|
|MSCI AC World Value||198.12||-0.3%||1.9%||9.5%|
|MSCI AC World Growth||225.18||-0.3%||4.4%||1.8%|
|FTSE Gilts All Stocks||3,481.12||0.3%||-1.2%||8.5%|
|FTSE Index Linked All Stocks||635.82||0.5%||-0.1%||21.2%|
|ML Sterling Corporate Bonds||379.32||0.3%||-0.5%||10.7%|
|ML Global High Yield Bonds||350.18||0.0%||2.2%||15.0%|
|Brent Crude Oil||55.72||-1.9%||-3.1%||23.4%|
|Consumer Goods and Services||20,467.38||-0.3%||4.0%||9.6%|
|Oil & Gas||8,195.06||-0.5%||-4.1%||54.2%|
|$ per £||1.24||-0.2%||0.8%||-16.3%|
|€ per £||1.16||0.1%||-0.9%||-15.7%|
|¥ per £||139.13||-0.5%||-3.7%||-22.7%|
|VIX Index (Volatility)||11.37||3.6%||-19.0%||-22.9%|
|Baltic Dry Index||735.00||-2.3%||-23.5%||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||26.93|
|FTSE All Share Adj P/E||24.32|
|FTSE All Share Yld||3.89%|
|15yr Gilt Yield||1.74%|
|10yr Gilt Yield||1.32%|
|10yr US Tres Yield||2.41%|
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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