Investment Market Update
Asian stocks traded mixed Friday as plans for US tariffs on Chinese imports revived concerns about global trade growth.
US stocks rose and the Nasdaq reached another record closing high after the European Central Bank said it would avoid raising interest rates until mid-2019, and data showed US economic strength.
UK stocks rose after the European Central Bank signalled interest rates would remain steady through next summer, easing investors’ concerns about tightening monetary policy.
- Approximately 60 bank branches are closing every month with RBS shutting the most, consumer group Which? has warned. It found that 2,868 branches will have closed between 2015 and the end of 2018, with the number accelerating this year
- China’s currency may face further turbulence in store as companies prepare to make a welter of dividend payments abroad. Offshore-listed Chinese firms will hand out $19.6 billion of dividends in overseas currencies in the three months through August.
|FTSE All Share||4,278.70||0.7%||1.3%||9.0%|
|FTSE Small Cap||6,009.02||0.1%||1.6%||14.9%|
|St. James's Place||1,240.50||0.9%||1.2%||20.9%|
|Euro Stoxx 600||393.04||1.2%||1.0%||7.7%|
|Dow Jones Ind||25,175.31||-0.1%||1.8%||25.1%|
|MSCI AC Asia Pacific||173.08||-0.9%||-0.4%||28.7%|
|MSCI World (Developed)||2,142.02||0.1%||1.8%||20.1%|
|MSCI AC World (Dev & Em)||519.54||0.0%||1.3%||21.6%|
|MSCI Emerging Markets||1,125.71||-0.9%||-2.8%||34.2%|
|MSCI AC World Value||217.45||-0.1%||-2.9%||15.2%|
|MSCI AC World Growth||291.82||0.1%||5.4%||28.3%|
|FTSE Gilts All Stocks||3,594.83||0.5%||0.2%||3.0%|
|FTSE Index Linked All Stocks||643.08||0.7%||-0.7%||2.3%|
|ML Sterling Corporate Bonds||395.55||0.3%||-1.3%||5.7%|
|ML Global High Yield Bonds||374.02||-0.1%||-0.9%||9.7%|
|Brent Crude Oil||75.94||-1.0%||16.6%||14.5%|
|Consumer Goods and Services||20,100.25||0.1%||-10.1%||13.6%|
|Oil & Gas||9,814.72||1.7%||8.3%||6.0%|
|$ per £||1.34||0.6%||-0.9%||9.5%|
|€ per £||1.14||-0.7%||0.8%||-4.0%|
|¥ per £||147.79||0.6%||-2.9%||5.3%|
|VIX Index (Volatility)||12.12||-6.3%||9.8%||-21.4%|
|Baltic Dry Index||1,433.00||2.1%||4.9%||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||13.30|
|FTSE All Share Adj P/E||13.73|
|FTSE All Share Yld||3.92%|
|15yr Gilt Yield||1.60%|
|10yr Gilt Yield||1.33%|
|10yr US Tres Yield||2.94%|
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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