Investment Market Update
Asian stocks were up as they clung to gains after a somewhat quiet session on Wall Street. Investors in the region also digested earnings guidance from tech heavyweight Samsung Electronics and kept an eye on ongoing inter-Korea talks.
US stocks closed higher as the S&P 500 and Nasdaq composite finished Monday's session at all-time highs as investors remained optimistic on the U.S. economy. Wall Street also looked ahead to the start of the calendar fourth-quarter earnings season later this week with J.P. Morgan Chase, BlackRock, and Wells Fargo among the companies scheduled to report.
UK stocks ended lower on Monday easing from fresh record intraday highs, with Micro Focus International and housebuilders weighing on the FTSE 100. Micro Focus International closed down 17% after the software company warned the integration of Hewlett Packard Enterprise Co's software arm could delay a return to revenue growth.
- The worst is yet to come for diesel cars which will see their sales continue to plunge, a study has warned. Aston University predicts they will account for just 15% of the UK market by 2025, down from a 50% peak. Automotive expert Professor David Bailey said diesel's "slow death" was being driven by "environmental pressures and consumer confusion"
- Camera-maker GoPro is reported to be considering a sale after suffering a steep decline in holiday sales. GoPro earlier said revenue fell almost 40% in the fourth quarter to $340m compared to the same period in 2016. GoPro also announced redundancies and said it would exit the drone business.
|FTSE All Share||4,231.99||-0.3%||0.2%||9.0%|
|FTSE Small Cap||5,987.25||0.2%||1.3%||14.9%|
|St. James's Place||1,244.00||-0.6%||1.5%||20.9%|
|Euro Stoxx 600||398.41||0.3%||2.4%||7.7%|
|Dow Jones Ind||25,283.00||-0.1%||2.3%||25.1%|
|MSCI AC Asia Pacific||179.88||0.3%||3.5%||28.7%|
|MSCI World (Developed)||2,157.96||0.1%||2.6%||20.1%|
|MSCI AC World (Dev & Em)||527.29||0.1%||2.8%||21.6%|
|MSCI Emerging Markets||1,206.86||0.5%||4.2%||34.2%|
|MSCI AC World Value||229.01||0.1%||2.2%||15.2%|
|MSCI AC World Growth||285.99||0.1%||3.3%||28.3%|
|FTSE Gilts All Stocks||3,583.75||0.2%||-0.1%||3.0%|
|FTSE Index Linked All Stocks||648.16||0.2%||0.1%||2.3%|
|ML Sterling Corporate Bonds||402.32||0.2%||0.4%||5.7%|
|ML Global High Yield Bonds||380.17||0.0%||0.7%||9.7%|
|Brent Crude Oil||67.78||0.2%||1.4%||14.5%|
|Consumer Goods and Services||22,092.83||-0.6%||-1.2%||13.6%|
|Oil & Gas||9,215.90||-0.2%||1.7%||6.0%|
|$ per £||1.36||0.1%||0.4%||9.5%|
|€ per £||1.13||-0.4%||0.2%||-4.0%|
|¥ per £||153.43||0.1%||0.8%||5.3%|
|VIX Index (Volatility)||9.52||3.3%||-13.8%||-21.4%|
|Baltic Dry Index||1,385.00||1.0%||1.4%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.52%|
|Consumer Price Index||3.10%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||20.86|
|FTSE All Share Adj P/E||20.26|
|FTSE All Share Yld||3.79%|
|15yr Gilt Yield||1.54%|
|10yr Gilt Yield||1.24%|
|10yr US Tres Yield||2.48%|
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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