Investment Market Update
Asian stocks rallied on Wednesday amid optimism about the potential for progress in trade talks between Washington and Beijing, which were extended into a third day.
US Stocks closed higher on Tuesday as optimism over US-China trade talk’s bolstered sentiment. Gains were led by real estate, internet stocks and mega-cap tech companies.
UK stocks finished up on Tuesday as markets climbed on trade talk optimism. British supermarket chain Morrison’s lost 3% following disappointing revenue growth, while notable risers included Aston Martin and Greene King.
- Sainsbury's has seen its like-for-like retail sales fall by 1.1% across the Christmas holiday period. The supermarket giant said in the 15 weeks to 9 January, grocery sales grew by 0.4%, with groceries online and in convenience stores up by 6% and 3%. But general merchandise sales fell 2.3% and overall clothing sales fell 0.2%.
- House prices continue to rise and difficulties remain for those wanting to buy their first home, according to the UK's biggest mortgage lender. The Halifax, part of Lloyds Banking Group, said that property values rose by 1.3% over the course of 2018.
|FTSE All Share||3,758.89||0.8%||2.3%||-13.0%|
|FTSE Small Cap||5,295.95||0.9%||2.3%||-12.4%|
|St. James's Place||985.00||1.5%||4.3%||-23.0%|
|Euro Stoxx 600||345.85||0.9%||2.4%||-13.2%|
|Dow Jones Ind||23,787.45||1.1%||2.0%||-5.6%|
|MSCI AC Asia Pacific||148.53||0.1%||1.2%||-15.6%|
|MSCI World (Developed)||1,935.79||0.8%||2.8%||-10.4%|
|MSCI AC World (Dev & Em)||467.27||0.7%||2.5%||-11.2%|
|MSCI Emerging Markets||975.51||-0.3%||1.0%||-16.6%|
|MSCI AC World Value||199.49||0.6%||2.6%||-13.2%|
|MSCI AC World Growth||257.46||0.8%||2.5%||-9.2%|
|FTSE Gilts All Stocks||3,619.39||-0.3%||0.3%||0.8%|
|FTSE Index Linked All Stocks||652.90||-0.6%||1.7%||-1.2%|
|ML Sterling Corporate Bonds||392.32||-0.2%||0.2%||-2.4%|
|ML Global High Yield Bonds||371.57||0.4%||1.8%||-3.7%|
|Brent Crude Oil||58.72||2.4%||9.1%||-14.9%|
|Consumer Goods and Services||17,493.09||1.0%||0.3%||-21.0%|
|Oil & Gas||8,731.09||-0.2%||3.1%||-7.4%|
|$ per £||1.28||0.4%||0.2%||-6.2%|
|€ per £||1.11||0.3%||0.1%||-1.3%|
|¥ per £||138.74||0.4%||-0.8%||-19.7%|
|VIX Index (Volatility)||20.47||-4.3%||-19.5%||160.2%|
|Baltic Dry Index||1,262.00||1.2%||-0.7%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.90%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.43|
|FTSE All Share Adj P/E||11.63|
|FTSE All Share Yld||4.82%|
|15yr Gilt Yield||1.49%|
|10yr Gilt Yield||1.27%|
|10yr US Tres Yield||2.73%|
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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Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.