Investment Market Update
Asia stocks fell on news that Gary Cohn, US President Donald Trump’s top economic adviser and a key opponent of tariffs, would resign.
US stocks edged higher, boosted by the prospect of talks between North Korea and the US and also increasing opposition to President Donald Trump's plan to impose tariffs on metals.
UK stocks closed higher, up 0.43%. The biggest climber on the index was packaging group Smurfit Kappa Group which closed up 19.7% following a bid from US rival International Paper.
- Gary Cohn is resigning as President Donald Trump’s top economic adviser, leaving his post as the administration prepares to impose steep tariffs on steel and aluminum that Cohn has opposed.
- Chancellor Philip Hammond will tell European leaders that it is in the "mutual interest" of both the UK and the EU to include financial services in a free trade agreement. In a speech, Mr Hammond will set out his argument against "sceptics", saying it is possible to reach a deal.
|FTSE All Share||3,945.73||0.5%||-6.5%||9.0%|
|FTSE Small Cap||5,758.67||0.6%||-2.6%||14.9%|
|St. James's Place||1,129.00||0.7%||-7.9%||20.9%|
|Euro Stoxx 600||371.37||0.1%||-4.6%||7.7%|
|Dow Jones Ind||24,884.12||0.0%||0.7%||25.1%|
|MSCI AC Asia Pacific||175.02||1.4%||0.7%||28.7%|
|MSCI World (Developed)||2,117.77||0.5%||0.7%||20.1%|
|MSCI AC World (Dev & Em)||517.97||0.6%||1.0%||21.6%|
|MSCI Emerging Markets||1,193.93||1.5%||3.1%||34.2%|
|MSCI AC World Value||221.89||0.5%||-1.0%||15.2%|
|MSCI AC World Growth||284.67||0.8%||2.8%||28.3%|
|FTSE Gilts All Stocks||3,518.98||-0.3%||-2.0%||3.0%|
|FTSE Index Linked All Stocks||627.89||-0.4%||-3.1%||2.3%|
|ML Sterling Corporate Bonds||392.34||-0.2%||-2.1%||5.7%|
|ML Global High Yield Bonds||378.52||0.3%||0.3%||9.7%|
|Brent Crude Oil||65.79||0.4%||-0.5%||14.5%|
|Consumer Goods and Services||19,423.49||-0.4%||-13.1%||13.6%|
|Oil & Gas||8,302.10||0.8%||-8.4%||6.0%|
|$ per £||1.38||-0.2%||2.5%||9.5%|
|€ per £||1.12||0.2%||-0.3%||-4.0%|
|¥ per £||147.00||-0.3%||-3.4%||5.3%|
|VIX Index (Volatility)||18.36||-2.0%||66.3%||-21.4%|
|Baltic Dry Index||1,212.00||0.2%||-11.3%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.59%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.00%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.93|
|FTSE All Share Adj P/E||13.32|
|FTSE All Share Yld||4.12%|
|15yr Gilt Yield||1.78%|
|10yr Gilt Yield||1.52%|
|10yr US Tres Yield||2.89%|
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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