Investment Market Update
Asian stocks were mixed as shares in India jumped to a record on election results while Japanese stocks fell. The dollar strengthened before central bank meetings this week, and oil held declines after a six-day losing streak.
US stocks ended the session flat ahead of an expected interest rate rise tomorrow.
UK stocks closed higher boosted by a flurry of takeover activity. Shares in energy services group Amec Foster Wheeler jumped by more than 12% after the company said it had agreed to be bought by rival Wood Group. Bovis Homes rose almost 10% after it said it had received two takeover approaches.
- Federal Reserve officials are widely expected to announce an interest rate increase this week amid buoyancy in the stock market and indications the US economy continues to grow steadily, without signalling they anticipate accelerating their pace of policy tightening.
- UK Prime Minister Theresa May is preparing to trigger Brexit in the last week of March after securing the permission of lawmakers to begin two years of talks with the European Union.
|FTSE All Share||4,009.70||0.3%||3.5%||12.5%|
|FTSE Small Cap||5,370.60||0.2%||4.4%||11.0%|
|St. James's Place||1,093.00||0.9%||7.8%||3.9%|
|Euro Stoxx 600||374.64||0.4%||3.7%||-1.2%|
|Dow Jones Ind||20,881.48||-0.1%||5.7%||13.4%|
|MSCI AC Asia Pacific||145.51||0.8%||7.8%||2.3%|
|MSCI World (Developed)||1,850.02||0.2%||5.6%||5.3%|
|MSCI AC World (Dev & Em)||447.05||0.3%||6.0%||5.6%|
|MSCI Emerging Markets||938.50||1.3%||8.8%||8.6%|
|MSCI AC World Value||202.75||0.3%||4.3%||9.5%|
|MSCI AC World Growth||232.34||0.4%||7.7%||1.8%|
|FTSE Gilts All Stocks||3,531.21||-0.1%||0.2%||8.5%|
|FTSE Index Linked All Stocks||637.92||-0.1%||0.2%||21.2%|
|ML Sterling Corporate Bonds||385.39||0.0%||1.1%||10.7%|
|ML Global High Yield Bonds||349.35||-0.1%||2.0%||15.0%|
|Brent Crude Oil||51.35||0.0%||-11.5%||23.4%|
|Consumer Goods and Services||21,812.66||0.1%||10.8%||9.6%|
|Oil & Gas||7,959.81||-0.2%||-6.9%||54.2%|
|$ per £||1.22||-0.3%||-1.1%||-16.3%|
|€ per £||1.15||0.2%||-2.0%||-15.7%|
|¥ per £||139.17||-0.9%||-3.7%||-22.7%|
|VIX Index (Volatility)||11.93||2.3%||-15.0%||-22.9%|
|Baltic Dry Index||1,099.00||1.2%||14.4%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.35%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.05|
|FTSE All Share Adj P/E||24.88|
|FTSE All Share Yld||3.87%|
|15yr Gilt Yield||1.61%|
|10yr Gilt Yield||1.25%|
|10yr US Tres Yield||2.63%|
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.