Investment Market Update
Asian stocks fell with emerging market currencies, following concerns over trade tensions after the US said it will impose further tariffs on Chinese goods.
US stocks closed lower after losses in the banking sector, which offset gains in technology stocks.
UK stocks have been mixed on close, due to concerns over trade tensions and Russian sanctions, as well as summer lethargy.
- The European Central Bank has grown concerned about the exposure of some euro zone banks to Turkey following the lira’s fall, the Financial Times reported. Banco Bilbao Vizcaya Argentaria SA, UniCredit SpA and BNP Paribas SA are particularly exposed.
- The UK should drop its net migration target after Brexit and introduce a system for arrivals from the European Union that better meets employers’ needs, Britain’s biggest business lobby group said. EU workers account for between 4% and 30% of the workforce in every UK sector, according to the CBI.
|FTSE All Share||4,248.58||-0.3%||0.6%||9.0%|
|FTSE Small Cap||5,907.06||-0.1%||-0.1%||14.9%|
|St. James's Place||1,171.00||0.6%||-4.5%||20.9%|
|Euro Stoxx 600||390.05||0.1%||0.2%||7.7%|
|Dow Jones Ind||25,509.23||-0.3%||3.2%||25.1%|
|MSCI AC Asia Pacific||167.02||0.1%||-3.9%||28.7%|
|MSCI World (Developed)||2,163.69||-0.1%||2.9%||20.1%|
|MSCI AC World (Dev & Em)||521.60||-0.1%||1.7%||21.6%|
|MSCI Emerging Markets||1,078.67||-0.1%||-6.9%||34.2%|
|MSCI AC World Value||218.65||-0.2%||-2.4%||15.2%|
|MSCI AC World Growth||292.54||0.0%||5.7%||28.3%|
|FTSE Gilts All Stocks||3,599.13||0.1%||0.3%||3.0%|
|FTSE Index Linked All Stocks||645.99||0.0%||-0.3%||2.3%|
|ML Sterling Corporate Bonds||396.94||0.1%||-1.0%||5.7%|
|ML Global High Yield Bonds||376.42||-0.1%||-0.3%||9.7%|
|Brent Crude Oil||72.07||-0.3%||11.9%||14.5%|
|Consumer Goods and Services||21,284.94||-0.5%||-4.8%||13.6%|
|Oil & Gas||9,524.23||-1.8%||5.1%||6.0%|
|$ per £||1.29||0.2%||-4.7%||9.5%|
|€ per £||1.11||-0.1%||-1.3%||-4.0%|
|¥ per £||142.93||0.2%||-6.1%||5.3%|
|VIX Index (Volatility)||11.27||3.9%||2.1%||-21.4%|
|Baltic Dry Index||1,694.00||-0.6%||24.0%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.81%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.89|
|FTSE All Share Adj P/E||12.89|
|FTSE All Share Yld||3.98%|
|15yr Gilt Yield||1.57%|
|10yr Gilt Yield||1.30%|
|10yr US Tres Yield||2.93%|
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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