Investment Market Update
Asian stocks gained, rebounding from a two-day drop, as investors predict US nonfarm payrolls data due later today will confirm the strength of the world’s largest economy.
US stocks were little changed as investors assessed higher bond yields and comments from the European Central Bank ahead of today's February payrolls data.
UK stocks closed lower, after a further fall in the price of oil hit mining stocks. The price of oil has been falling on fears that increased US production will offset Opec efforts to curb supply, thereby suppressing prices.
- BT has bowed to demands by the telecoms regulator Ofcom to legally separate Openreach, which runs the UK's broadband infrastructure. Ofcom said that Openreach will "become a distinct company with its own staff and management, together with its own strategy and a legal purpose to serve all of its customers equally".
- A prosecution witness in the trial of two bankers for manipulating Libor interest rates has accepted banks could put rates higher or lower without necessarily breaking the rules.
|FTSE All Share||3,981.64||-0.3%||2.8%||12.5%|
|FTSE Small Cap||5,348.30||-0.4%||4.0%||11.0%|
|St. James's Place||1,085.00||0.3%||7.0%||3.9%|
|Euro Stoxx 600||372.89||0.1%||3.2%||-1.2%|
|Dow Jones Ind||20,858.19||0.0%||5.5%||13.4%|
|MSCI AC Asia Pacific||143.35||-0.6%||6.1%||2.3%|
|MSCI World (Developed)||1,835.90||0.1%||4.8%||5.3%|
|MSCI AC World (Dev & Em)||443.21||-0.1%||5.1%||5.6%|
|MSCI Emerging Markets||922.94||-1.3%||7.0%||8.6%|
|MSCI AC World Value||201.25||-0.1%||3.5%||9.5%|
|MSCI AC World Growth||230.05||-0.1%||6.7%||1.8%|
|FTSE Gilts All Stocks||3,545.68||0.2%||0.6%||8.5%|
|FTSE Index Linked All Stocks||641.18||0.6%||0.7%||21.2%|
|ML Sterling Corporate Bonds||386.30||0.1%||1.3%||10.7%|
|ML Global High Yield Bonds||349.14||-0.4%||1.9%||15.0%|
|Brent Crude Oil||52.19||-1.7%||-10.1%||23.4%|
|Consumer Goods and Services||21,698.16||0.5%||10.2%||9.6%|
|Oil & Gas||7,818.50||-1.8%||-8.5%||54.2%|
|$ per £||1.22||0.2%||-1.1%||-16.3%|
|€ per £||1.15||0.0%||-2.0%||-15.7%|
|¥ per £||139.17||-0.4%||-3.7%||-22.7%|
|VIX Index (Volatility)||11.93||0.6%||-15.0%||-22.9%|
|Baltic Dry Index||1,064.00||1.8%||10.7%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.35%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||26.87|
|FTSE All Share Adj P/E||24.77|
|FTSE All Share Yld||3.90%|
|15yr Gilt Yield||1.59%|
|10yr Gilt Yield||1.22%|
|10yr US Tres Yield||2.61%|
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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