Investment Market Update
Asian stocks ended higher as investors assessed the implications of the recent market change that has elevated volatility. The yuan dropped the most since August 2015 after trade figures missed estimates and amid speculation policy makers will step up efforts to rein in gains.
US stocks closed lower with all three key stock indexes closing down, capping two days of volatile trading.
UK stocks posted their biggest gain since April on Wednesday, keeping pace with gains made in Germany and France.
- Electric car maker Tesla has notched up its biggest ever quarterly loss and said it "learned many lessons" from its crucial Model 3 production plans. The firm's future hangs on the Model 3 sedan, but it has so far struggled with production bottlenecks. Tesla reported a loss of $675.4m in three months to 31 December, compared with $121.3m a year earlier.
- Major Japanese investors in Britain, including the three big carmakers, are due to meet the prime minister and chancellor later today. A meeting is understood to have first been raised when Theresa May visited Japan last year. The meeting is on Thursday afternoon and the attendees "will cover the most significant investors in the UK in such areas as banking, life sciences, technology and the manufacturing sector", a Downing Street spokesman said.
|FTSE All Share||4,002.51||2.0%||-5.2%||9.0%|
|FTSE Small Cap||5,700.57||1.8%||-3.6%||14.9%|
|St. James's Place||1,165.00||2.9%||-5.0%||20.9%|
|Euro Stoxx 600||380.13||2.0%||-2.3%||7.7%|
|Dow Jones Ind||24,893.35||-0.1%||0.7%||25.1%|
|MSCI AC Asia Pacific||173.02||-0.1%||-0.5%||28.7%|
|MSCI World (Developed)||2,101.07||0.1%||-0.1%||20.1%|
|MSCI AC World (Dev & Em)||513.30||0.1%||0.1%||21.6%|
|MSCI Emerging Markets||1,173.38||-0.2%||1.3%||34.2%|
|MSCI AC World Value||222.43||0.2%||-0.7%||15.2%|
|MSCI AC World Growth||279.01||0.0%||0.8%||28.3%|
|FTSE Gilts All Stocks||3,507.01||-0.2%||-2.3%||3.0%|
|FTSE Index Linked All Stocks||630.86||0.3%||-2.6%||2.3%|
|ML Sterling Corporate Bonds||395.10||-0.1%||-1.4%||5.7%|
|ML Global High Yield Bonds||379.42||0.2%||0.5%||9.7%|
|Brent Crude Oil||65.51||-2.0%||-1.4%||14.5%|
|Consumer Goods and Services||20,694.11||2.2%||-7.5%||13.6%|
|Oil & Gas||8,464.85||1.9%||-6.6%||6.0%|
|$ per £||1.40||0.6%||3.3%||9.5%|
|€ per £||1.13||-0.4%||0.0%||-4.0%|
|¥ per £||152.63||0.4%||0.3%||5.3%|
|VIX Index (Volatility)||27.73||-7.5%||151.2%||-21.4%|
|Baltic Dry Index||1,097.00||0.2%||-19.7%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.52%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||19.29|
|FTSE All Share Adj P/E||18.80|
|FTSE All Share Yld||4.00%|
|15yr Gilt Yield||1.80%|
|10yr Gilt Yield||1.55%|
|10yr US Tres Yield||2.84%|
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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