Investment Market Update
Asian stocks were mostly firmer with the Nikkei closing at a record high. It was the best finish for the index since 1996 and follows fresh records in US markets.
US stocks closed lower as television stocks fell, after AT&T's update of its subscriber figures renewed fears that people were abandoning cable. Shares in AT&T fell by 6.1%. Walt Disney was among the biggest losers on the Dow, down 1.6%, while Verizon fell more than 1%.
UK stocks closed at a record high as the pound fell back after the EU's chief negotiator said talks over Brexit were making little progress. Sky was one of the biggest risers up 1.4%, after the broadcaster reported a big rise in new customers.
- The UK is pinning its hopes on European leaders throwing Prime Minister Theresa May a bone at a summit next week after the latest round of Brexit talks ended in deadlock. It’s likely to be disappointed. There is little appetite to make any concessions for the sake of an embattled May, even at the risk she is toppled and is succeeded by a hardliner. That is the assessment of a top European official, speaking on condition of anonymity about the thinking in a major capital.
European Central Bank officials are considering cutting their monthly bond buying by at least half starting in January and keeping their program active for at least nine months, according to officials familiar with the debate. Reducing quantitative easing to 30 billion euros a month from the current pace of 60 billion euros is a feasible option, said the officials.
|FTSE All Share||4,145.98||0.3%||7.0%||12.5%|
|FTSE Small Cap||5,826.58||0.2%||13.3%||11.0%|
|St. James's Place||1,176.00||4.1%||19.9%||3.9%|
|Euro Stoxx 600||390.28||0.0%||8.0%||-1.2%|
|Dow Jones Ind||22,841.01||-0.1%||15.6%||13.4%|
|MSCI AC Asia Pacific||165.70||0.4%||22.7%||2.3%|
|MSCI World (Developed)||2,023.64||0.0%||15.6%||5.3%|
|MSCI AC World (Dev & Em)||493.92||0.0%||17.1%||5.6%|
|MSCI Emerging Markets||1,121.62||0.4%||30.1%||8.6%|
|MSCI AC World Value||217.09||-0.1%||11.7%||9.5%|
|MSCI AC World Growth||264.84||0.1%||22.8%||1.8%|
|FTSE Gilts All Stocks||3,512.32||0.0%||-0.3%||8.5%|
|FTSE Index Linked All Stocks||634.53||-0.7%||-0.3%||21.2%|
|ML Sterling Corporate Bonds||392.96||0.0%||3.1%||10.7%|
|ML Global High Yield Bonds||375.48||0.0%||9.6%||15.0%|
|Brent Crude Oil||56.25||-1.2%||-4.2%||23.4%|
|Consumer Goods and Services||22,389.72||0.5%||13.7%||9.6%|
|Oil & Gas||8,445.60||0.0%||-1.2%||54.2%|
|$ per £||1.32||-0.3%||7.1%||-16.3%|
|€ per £||1.12||-0.4%||-4.9%||-15.7%|
|¥ per £||148.51||-0.2%||2.8%||-22.7%|
|VIX Index (Volatility)||9.91||0.6%||-29.4%||-22.9%|
|Baltic Dry Index||1,458.00||1.7%||51.7%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.37%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.44|
|FTSE All Share Adj P/E||21.70|
|FTSE All Share Yld||3.75%|
|15yr Gilt Yield||1.71%|
|10yr Gilt Yield||1.38%|
|10yr US Tres Yield||2.32%|
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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