Investment Market Update
Asian stocks were mixed with Japanese equities rising and Hong Kong equities falling. Toshiba shares fell after a consortium appeared to take the lead in talks over the sale of its prized chip unit. Toshiba needs to sell the unit to cover losses at its US nuclear operations. Its shares fell 4.5%.
US stocks were mixed as consumer, technology and financial stocks weighed on markets. Apple, which recently unveiled a suite of new products including the iPhoneX, continued to slide, falling 0.9%. The firm's shares have declined by more than 3% since the start of the month.
UK stocks fell while the pound soared after the Bank of England hinted at a possible rate rise in "the coming months". Next shares jumped 13% after the High Street fashion chain raised its full-year sales and profit outlook thanks to "encouraging" trading in the past three months.
- The Bank of England may be finally ready to deliver an interest rate increase. After false dawns sparked by Mark Carney in 2014 and 2015, a growing swell of BOE policy makers are now leaning more heavily toward the idea that tightening will be needed very soon. That’s got investors putting their money on action as soon as the next meeting in November.
- China will consider granting foreign investors more access into its electric vehicle market as the world’s biggest market for battery powered automobiles comes out with new policy initiatives.
|FTSE All Share||4,002.98||-1.0%||3.4%||12.5%|
|FTSE Small Cap||5,665.05||-0.6%||10.1%||11.0%|
|St. James's Place||1,115.00||-1.1%||13.7%||3.9%|
|Euro Stoxx 600||381.79||0.1%||5.6%||-1.2%|
|Dow Jones Ind||22,203.48||0.2%||12.4%||13.4%|
|MSCI AC Asia Pacific||162.31||-0.2%||20.2%||2.3%|
|MSCI World (Developed)||1,983.42||-0.2%||13.3%||5.3%|
|MSCI AC World (Dev & Em)||484.14||-0.1%||14.8%||5.6%|
|MSCI Emerging Markets||1,099.89||0.0%||27.6%||8.6%|
|MSCI AC World Value||212.81||0.0%||9.5%||9.5%|
|MSCI AC World Growth||259.55||-0.2%||20.4%||1.8%|
|FTSE Gilts All Stocks||3,548.86||-0.7%||0.7%||8.5%|
|FTSE Index Linked All Stocks||639.15||-1.0%||0.4%||21.2%|
|ML Sterling Corporate Bonds||394.95||-0.5%||3.6%||10.7%|
|ML Global High Yield Bonds||373.29||0.0%||9.0%||15.0%|
|Brent Crude Oil||55.47||0.6%||-5.6%||23.4%|
|Consumer Goods and Services||21,591.86||-1.9%||9.7%||9.6%|
|Oil & Gas||7,845.25||-0.3%||-8.2%||54.2%|
|$ per £||1.32||-1.4%||7.0%||-16.3%|
|€ per £||1.11||-1.4%||-5.3%||-15.7%|
|¥ per £||146.11||-1.4%||1.1%||-22.7%|
|VIX Index (Volatility)||10.44||-0.6%||-25.6%||-22.9%|
|Baltic Dry Index||1,361.00||1.8%||41.6%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.30%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||21.94|
|FTSE All Share Adj P/E||21.17|
|FTSE All Share Yld||3.84%|
|15yr Gilt Yield||1.57%|
|10yr Gilt Yield||1.23%|
|10yr US Tres Yield||2.18%|
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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