Investment Market Update
Asian stocks were mixed, as investors awaited more news on US-China trade talks amid hopes that an all-out trade war can be averted.
US stocks rose for a fourth straight session, although gains moderated somewhat following a breakdown in talks in Washington on ending the government shutdown.
UK stocks ended higher as investors remained optimistic regarding a potential trade deal after talks between the US and China were extended to a third day.
- China said talks with the US "laid the foundations" to resolve a damaging trade dispute between the world's two largest economies. The negotiations in Beijing this week were "extensive, deep and detailed," China's commerce ministry said. The US highlighted China's pledge to purchase more agriculture and other goods, without providing specifics.
- Retail sales were flat in December, as UK businesses experienced their worst Christmas in a decade, according to the British Retail Consortium. Total retail sales showed 0% year-on-year growth during the month, the lowest December performance since 2008.
|FTSE All Share||3,787.43||0.8%||3.1%||-13.0%|
|FTSE Small Cap||5,332.94||0.7%||3.0%||-12.4%|
|St. James's Place||985.20||0.0%||4.4%||-23.0%|
|Euro Stoxx 600||347.70||0.5%||3.0%||-13.2%|
|Dow Jones Ind||23,879.12||0.4%||2.4%||-5.6%|
|MSCI AC Asia Pacific||151.13||1.8%||3.0%||-15.6%|
|MSCI World (Developed)||1,950.99||0.8%||3.6%||-10.4%|
|MSCI AC World (Dev & Em)||471.57||0.9%||3.5%||-11.2%|
|MSCI Emerging Markets||994.41||1.9%||3.0%||-16.6%|
|MSCI AC World Value||200.78||0.6%||3.3%||-13.2%|
|MSCI AC World Growth||260.55||1.2%||3.7%||-9.2%|
|FTSE Gilts All Stocks||3,633.86||0.4%||0.7%||0.8%|
|FTSE Index Linked All Stocks||658.09||0.8%||2.5%||-1.2%|
|ML Sterling Corporate Bonds||393.42||0.3%||0.4%||-2.4%|
|ML Global High Yield Bonds||373.67||0.6%||2.4%||-3.7%|
|Brent Crude Oil||61.44||4.6%||14.2%||-14.9%|
|Consumer Goods and Services||17,613.15||0.7%||1.0%||-21.0%|
|Oil & Gas||8,779.97||0.6%||3.7%||-7.4%|
|$ per £||1.27||-0.4%||-0.2%||-6.2%|
|€ per £||1.11||0.3%||-0.2%||-1.3%|
|¥ per £||138.16||-0.2%||-1.2%||-19.7%|
|VIX Index (Volatility)||19.98||-2.4%||-21.4%||160.2%|
|Baltic Dry Index||1,238.00||-1.9%||-2.6%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.91%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.51|
|FTSE All Share Adj P/E||11.72|
|FTSE All Share Yld||4.79%|
|15yr Gilt Yield||1.47%|
|10yr Gilt Yield||1.26%|
|10yr US Tres Yield||2.71%|
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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