Investment Market Update
Asian stocks posted modest gains Friday following an afternoon rally in the US that erased most of the day’s losses, as investors grappled with shifting indications on China-US trade talks and prospects for a pause in Federal Reserve tightening.
US stocks closed up from the lows of the day after a late rally in large technology stocks helped to propel the Nasdaq 100 higher in what was the biggest reversal for the index since April.
UK stocks fell over fears the arrest of a senior Huawei official in Canada could reignite trade tension between the US and China.
- Canadian Prime Minister Justin Trudeau says his government had no involvement in the arrest of a top executive from Chinese telecoms giant Huawei. Meng Wanzhou, Huawei's chief financial officer and the daughter of its founder, was detained at Vancouver airport on a US extradition request.
- Two former Tesco directors have been acquitted of charges of fraud and false accounting after the judge dismissed their case due to lack of evidence. Chris Bush, former UK managing director, and John Scouler, former UK food commercial director, were accused of manipulating figures that resulted in Tesco's profits being overstated.
|FTSE All Share||3,674.03||-3.1%||-13.0%||9.0%|
|FTSE Small Cap||5,241.79||-2.0%||-11.3%||14.9%|
|St. James's Place||951.00||-4.3%||-22.4%||20.9%|
|Euro Stoxx 600||343.31||-3.1%||-11.8%||7.7%|
|Dow Jones Ind||24,947.67||-0.3%||0.9%||25.1%|
|MSCI AC Asia Pacific||150.86||-1.7%||-13.2%||28.7%|
|MSCI World (Developed)||1,990.85||-0.9%||-5.4%||20.1%|
|MSCI AC World (Dev & Em)||479.20||-1.0%||-6.6%||21.6%|
|MSCI Emerging Markets||978.93||-2.3%||-15.5%||34.2%|
|MSCI AC World Value||204.39||-1.2%||-8.8%||15.2%|
|MSCI AC World Growth||264.30||-0.9%||-4.5%||28.3%|
|FTSE Gilts All Stocks||3,615.57||1.0%||0.7%||3.0%|
|FTSE Index Linked All Stocks||656.71||1.7%||1.4%||2.3%|
|ML Sterling Corporate Bonds||390.71||0.6%||-2.5%||5.7%|
|ML Global High Yield Bonds||368.35||-0.4%||-2.4%||9.7%|
|Brent Crude Oil||60.06||-2.4%||-4.6%||14.5%|
|Consumer Goods and Services||17,812.44||-1.9%||-20.3%||13.6%|
|Oil & Gas||8,421.98||-4.5%||-7.0%||6.0%|
|$ per £||1.27||-0.4%||-5.7%||9.5%|
|€ per £||1.12||0.0%||-0.2%||-4.0%|
|¥ per £||144.25||0.2%||-5.2%||5.3%|
|VIX Index (Volatility)||21.19||2.2%||91.9%||-21.4%|
|Baltic Dry Index||1,339.00||3.3%||-2.0%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.90%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.14|
|FTSE All Share Adj P/E||11.11|
|FTSE All Share Yld||4.71%|
|15yr Gilt Yield||1.46%|
|10yr Gilt Yield||1.25%|
|10yr US Tres Yield||2.90%|
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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