Investment Market Update
Asian stocks extended their best week since March, as investors await US inflation data and earnings from some of America’s biggest banks. Shares in Japan, Australia and South Korea advanced at the end of a week.
US stocks rose as financial stocks led the gain as investors awaited quarterly results from several big banks including JP Morgan, Wells Fargo and Citigroup.
UK stocks were generally higher however the FTSE 100 closed flat. BT was the biggest riser on the index, up 4% after UK broker Numis gave the telecoms company a "buy" rating.
- The weakness of sterling was behind a surge in the number of tourists visiting the UK in the first three months of 2017, according to the Office for National Statistics. The number of holidaymakers coming to the UK rose by 21.1%. Overall there were a record 8.3 million visits in the quarter, a rise of nearly 10% on the same period in 2016. The visitors spent £4.4bn while in the country, also a record amount.
- The UK's fiscal watchdog has said health costs are the biggest risk to the government's spending plans. The Office for Budget Responsibility's says the UK faces the challenge of an ageing population and the high cost of technological advances.
|FTSE All Share||4,049.07||0.1%||4.5%||12.5%|
|FTSE Small Cap||5,595.89||0.0%||8.8%||11.0%|
|St. James's Place||1,176.00||0.2%||18.3%||3.9%|
|Euro Stoxx 600||386.14||0.3%||6.8%||-1.2%|
|Dow Jones Ind||21,553.09||0.1%||9.1%||13.4%|
|MSCI AC Asia Pacific||156.24||0.6%||15.7%||2.3%|
|MSCI World (Developed)||1,936.94||0.2%||10.6%||5.3%|
|MSCI AC World (Dev & Em)||471.06||0.3%||11.7%||5.6%|
|MSCI Emerging Markets||1,040.72||1.1%||20.7%||8.6%|
|MSCI AC World Value||208.80||0.3%||7.4%||9.5%|
|MSCI AC World Growth||250.51||0.3%||16.2%||1.8%|
|FTSE Gilts All Stocks||3,523.03||-0.2%||0.0%||8.5%|
|FTSE Index Linked All Stocks||618.50||-0.6%||-2.9%||21.2%|
|ML Sterling Corporate Bonds||391.24||-0.2%||2.6%||10.7%|
|ML Global High Yield Bonds||364.84||0.1%||6.5%||15.0%|
|Brent Crude Oil||48.42||1.4%||-17.7%||23.4%|
|Consumer Goods and Services||22,278.89||0.3%||13.2%||9.6%|
|Oil & Gas||7,596.60||-0.7%||-11.1%||54.2%|
|$ per £||1.29||-0.2%||4.5%||-16.3%|
|€ per £||1.13||-0.5%||-3.7%||-15.7%|
|¥ per £||146.02||-0.3%||1.0%||-22.7%|
|VIX Index (Volatility)||9.90||-3.9%||-29.5%||-22.9%|
|Baltic Dry Index||888.00||3.4%||-7.6%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.29%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||24.82|
|FTSE All Share Adj P/E||23.34|
|FTSE All Share Yld||3.83%|
|15yr Gilt Yield||1.67%|
|10yr Gilt Yield||1.30%|
|10yr US Tres Yield||2.34%|
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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