Investment Market Update
Asian stocks were mixed with Japanese shares falling for a third day, though they pared the day’s worst losses as the yen erased an earlier gain.
US stocks closed lower amid continuing concern at geopolitical tensions over Syria and North Korea.
UK stocks declined following poor performance from the supermarket sector. Tesco fell 5.7% after its full-year profits fell because of legal costs arising from a fine for overstating its profits in 2014.
- Energy firm EDF is raising the price of electricity for the second time this year for customers on standard tariffs. From 21 June, EDF customers will see electricity prices increase by 9% and gas prices go up by 5.5%. The supplier previously increased electricity prices by 8.4% on 1 March, although it cut gas prices in January.
- Property surveyors are getting gloomier about the state of the housing market, according to the Royal Institution of Chartered Surveyors. Its latest monthly survey shows that stock levels are at a new record low. However, because of the shortage of housing, it said prices in many parts of the UK are continuing to accelerate.
|FTSE All Share||4,018.12||-0.1%||3.7%||12.5%|
|FTSE Small Cap||5,481.09||0.4%||6.6%||11.0%|
|St. James's Place||1,058.00||0.5%||6.4%||3.9%|
|Euro Stoxx 600||381.90||0.2%||5.7%||-1.2%|
|Dow Jones Ind||20,591.86||-0.3%||4.2%||13.4%|
|MSCI AC Asia Pacific||146.78||0.0%||8.7%||2.3%|
|MSCI World (Developed)||1,842.99||-0.3%||5.2%||5.3%|
|MSCI AC World (Dev & Em)||446.55||-0.2%||5.9%||5.6%|
|MSCI Emerging Markets||958.20||0.4%||11.1%||8.6%|
|MSCI AC World Value||200.87||-0.3%||3.3%||9.5%|
|MSCI AC World Growth||234.03||-0.1%||8.5%||1.8%|
|FTSE Gilts All Stocks||3,605.45||0.0%||2.3%||8.5%|
|FTSE Index Linked All Stocks||682.32||0.5%||7.2%||21.2%|
|ML Sterling Corporate Bonds||390.60||0.0%||2.5%||10.7%|
|ML Global High Yield Bonds||353.86||0.0%||3.3%||15.0%|
|Brent Crude Oil||55.86||-0.7%||-4.4%||23.4%|
|Consumer Goods and Services||22,358.50||0.3%||13.6%||9.6%|
|Oil & Gas||8,037.31||-0.2%||-6.0%||54.2%|
|$ per £||1.25||-0.1%||1.2%||-16.3%|
|€ per £||0.85||0.1%||-0.4%||-15.7%|
|¥ per £||0.73||-0.1%||5.4%||-22.7%|
|VIX Index (Volatility)||15.77||4.6%||12.3%||-22.9%|
|Baltic Dry Index||1,282.00||1.6%||33.4%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.34%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||26.91|
|FTSE All Share Adj P/E||24.99|
|FTSE All Share Yld||3.87%|
|15yr Gilt Yield||1.42%|
|10yr Gilt Yield||1.05%|
|10yr US Tres Yield||2.24%|
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.