Investment Market Update
Asian stocks advanced alongside US equity futures Thursday after a series of positive developments in US-China trade talks buoyed global stocks.
US stocks came off session highs but still closed higher Wednesday after a series of developments boosted expectations that a US-China trade deal could be reached in the coming months.
UK stocks closed higher Wednesday, boosted in the afternoon by speculation that UK Prime Minister Theresa May will survive a no-confidence vote by her party and supported by strong gains on Wall Street over US-China trade talk optimism.
- The pound has slipped back from its highs of earlier on Wednesday even though Prime Minister Theresa May won the vote of confidence in her leadership. Of the the 317 Conservative MPs, 200 backed the prime minister, but 117 voted against her.
- Shares in Tencent Music Entertainment Group, China's music streaming giant, jumped almost 10% on their first day of public trade in New York. The listing raised about $1.1bn (£870m), based on an initial offering price of $13. Shares ended the day about 8% higher at $14, giving the firm a market value of almost $23bn - comparable to Spotify.
|FTSE All Share||3,759.53||1.2%||-11.0%||9.0%|
|FTSE Small Cap||5,238.09||0.4%||-11.4%||14.9%|
|St. James's Place||944.60||1.2%||-23.0%||20.9%|
|Euro Stoxx 600||350.00||1.7%||-10.1%||7.7%|
|Dow Jones Ind||24,527.27||0.6%||-0.8%||25.1%|
|MSCI AC Asia Pacific||150.46||1.7%||-13.4%||28.7%|
|MSCI World (Developed)||1,975.88||1.1%||-6.1%||20.1%|
|MSCI AC World (Dev & Em)||476.01||1.1%||-7.2%||21.6%|
|MSCI Emerging Markets||978.90||1.5%||-15.5%||34.2%|
|MSCI AC World Value||200.51||0.0%||-10.5%||15.2%|
|MSCI AC World Growth||259.93||0.2%||-6.1%||28.3%|
|FTSE Gilts All Stocks||3,612.03||-1.1%||0.6%||3.0%|
|FTSE Index Linked All Stocks||662.44||-0.9%||2.3%||2.3%|
|ML Sterling Corporate Bonds||391.03||-0.6%||-2.4%||5.7%|
|ML Global High Yield Bonds||369.36||0.3%||-2.1%||9.7%|
|Brent Crude Oil||60.15||-0.1%||-4.5%||14.5%|
|Consumer Goods and Services||18,223.54||0.9%||-18.5%||13.6%|
|Oil & Gas||8,670.38||0.4%||-4.3%||6.0%|
|$ per £||1.25||-1.1%||-7.4%||9.5%|
|€ per £||1.11||-0.6%||-1.8%||-4.0%|
|¥ per £||141.81||-1.0%||-6.8%||5.3%|
|VIX Index (Volatility)||21.46||-1.4%||94.4%||-21.4%|
|Baltic Dry Index||1,353.00||-0.8%||-1.0%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.90%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.43|
|FTSE All Share Adj P/E||11.38|
|FTSE All Share Yld||4.63%|
|15yr Gilt Yield||1.49%|
|10yr Gilt Yield||1.28%|
|10yr US Tres Yield||2.91%|
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.
Source: FTSE International Limited ("FTSE") © FTSE 2018. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
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.