Investment Market Update
Asian stocks headed to a two-week low, following a drop in US equities, after a more-than-expected aggressive stance by the US Federal Reserve.
US stocks fell as the Federal Reserve said it would raise interest rates and pencil in a fourth rate increase for this year.
UK stocks closed flat, with investors entering wait-and-see mode ahead of the US Federal Reserve’s decision on interest rates and the release of British inflation figures.
- Engineering firm Rolls-Royce confirms 4,600 job cuts over two years, hitting back office and management roles in the UK.
- The US Federal Reserve has voted to raise the target for its benchmark interest rate by 0.25%, citing solid economic expansion and job gains. The widely-anticipated decision will lift the target for the central bank's benchmark rate to 1.75%-2%, the highest level since 2008.
|FTSE All Share||4,248.12||0.0%||0.6%||9.0%|
|FTSE Small Cap||6,000.29||-0.3%||1.5%||14.9%|
|St. James's Place||1,230.00||1.2%||0.3%||20.9%|
|Euro Stoxx 600||388.25||0.2%||-0.2%||7.7%|
|Dow Jones Ind||25,201.20||-0.5%||1.9%||25.1%|
|MSCI AC Asia Pacific||174.72||-0.3%||0.5%||28.7%|
|MSCI World (Developed)||2,140.20||-0.2%||1.7%||20.1%|
|MSCI AC World (Dev & Em)||519.70||-0.3%||1.3%||21.6%|
|MSCI Emerging Markets||1,135.68||-0.4%||-2.0%||34.2%|
|MSCI AC World Value||217.76||-0.4%||-2.8%||15.2%|
|MSCI AC World Growth||291.59||-0.2%||5.3%||28.3%|
|FTSE Gilts All Stocks||3,578.20||0.5%||-0.3%||3.0%|
|FTSE Index Linked All Stocks||638.52||0.8%||-1.4%||2.3%|
|ML Sterling Corporate Bonds||394.26||0.4%||-1.6%||5.7%|
|ML Global High Yield Bonds||374.28||0.1%||-0.8%||9.7%|
|Brent Crude Oil||76.74||1.1%||17.8%||14.5%|
|Consumer Goods and Services||20,089.43||0.6%||-10.2%||13.6%|
|Oil & Gas||9,655.16||-1.0%||6.6%||6.0%|
|$ per £||1.34||0.1%||-0.9%||9.5%|
|€ per £||1.14||0.2%||1.0%||-4.0%|
|¥ per £||147.69||-0.1%||-3.0%||5.3%|
|VIX Index (Volatility)||12.94||4.9%||17.2%||-21.4%|
|Baltic Dry Index||1,404.00||1.0%||2.8%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.63%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.19|
|FTSE All Share Adj P/E||13.62|
|FTSE All Share Yld||3.94%|
|15yr Gilt Yield||1.65%|
|10yr Gilt Yield||1.37%|
|10yr US Tres Yield||2.97%|
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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