Investment Market Update
Asian markets were mixed as the Nikkei was down but the Hang Seng was up, due to a lack of direction from Wall Street overnight. China's Shanghai composite is up 0.5%, after the Chinese central bank injected a fresh $67bn of funds into the financial system.
US stocks closed down pulled down by lower-than-expected sales at major US department stores. Shares of department store operator Macy's shed 17% after its quarterly results were released, leading a broader sell-off of retail stocks.
UK stocks closed almost flat, up 1.4 points at 7,386.6, helped by a positive performance from mining shares. Silver miner Fresnillo rose 5%, while Randgold Resources and Antofagasta also rallied.
- The pound fell sharply after the Bank of England's latest Inflation Report was seen as ruling out any rate rises for some time.
- The US and China will expand trade in beef and chicken and increase access for financial firms, US Commerce Secretary Wilbur Ross has said.
|FTSE All Share||4,050.64||-0.1%||4.6%||12.5%|
|FTSE Small Cap||5,610.88||-0.2%||9.1%||11.0%|
|St. James's Place||1,166.00||-0.5%||17.3%||3.9%|
|Euro Stoxx 600||394.39||-0.5%||9.1%||-1.2%|
|Dow Jones Ind||20,919.42||-0.1%||5.9%||13.4%|
|MSCI AC Asia Pacific||150.93||0.5%||11.8%||2.3%|
|MSCI World (Developed)||1,891.21||-0.2%||8.0%||5.3%|
|MSCI AC World (Dev & Em)||459.11||-0.2%||8.8%||5.6%|
|MSCI Emerging Markets||1,000.35||0.5%||16.0%||8.6%|
|MSCI AC World Value||203.97||-0.2%||4.9%||9.5%|
|MSCI AC World Growth||243.61||-0.1%||13.0%||1.8%|
|FTSE Gilts All Stocks||3,558.21||0.0%||1.0%||8.5%|
|FTSE Index Linked All Stocks||648.37||0.2%||1.8%||21.2%|
|ML Sterling Corporate Bonds||391.28||0.1%||2.6%||10.7%|
|ML Global High Yield Bonds||359.20||0.0%||4.9%||15.0%|
|Brent Crude Oil||50.77||1.1%||-13.5%||23.4%|
|Consumer Goods and Services||22,254.68||0.2%||13.1%||9.6%|
|Oil & Gas||7,899.38||0.4%||-7.6%||54.2%|
|$ per £||1.29||0.5%||4.9%||-16.3%|
|€ per £||1.19||0.5%||1.5%||-15.7%|
|¥ per £||147.61||0.7%||2.1%||-22.7%|
|VIX Index (Volatility)||10.60||3.8%||-24.5%||-22.9%|
|Baltic Dry Index||1,012.00||0.7%||5.3%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.31%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||24.89|
|FTSE All Share Adj P/E||23.59|
|FTSE All Share Yld||3.82%|
|15yr Gilt Yield||1.55%|
|10yr Gilt Yield||1.16%|
|10yr US Tres Yield||2.39%|
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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