Investment Market Update
Most Asian stock markets fell after reports that UK Prime Minister, Theresa May, will signal plans to leave the European Union single market. In Japan, carmakers dropped after auto parts supplier Takata reached a settlement with US authorities over exploding airbags.
US stocks advanced as quarterly earnings from JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. sent their stocks higher and offset losses in energy and real-estate companies.
The FTSE 100 recorded its 12th consecutive record high, boosted by shares in housebuilders. Barratt Developments led the way, up 3.6%, with Persimmon and Taylor Wimpey not far behind, recording gains of 1.4% and 0.9% respectively.
- The UK may be forced to change its "economic model" if it is locked out of the single market after Brexit, Chancellor Philip Hammond has said. Mr Hammond said the government would not "lie down" and would "do whatever we have to do" to remain competitive.
- Luxottica, the world's biggest glasses maker, has agreed a huge merger with a rival eyewear firm. The Italian eyewear designer, which owns Ray-Ban and Oakley, is to merge with French lens maker Esillor. Combined, the two firms will be worth about €46bn.
|FTSE All Share||3,971.69||0.6%||2.5%||12.5%|
|FTSE Small Cap||5,265.46||0.4%||2.4%||11.0%|
|St. James's Place||1,085.00||2.5%||7.0%||3.9%|
|Euro Stoxx 600||365.94||0.9%||1.3%||-1.2%|
|Dow Jones Ind||19,885.73||0.0%||0.6%||13.4%|
|MSCI AC Asia Pacific||140.35||-0.1%||3.9%||2.3%|
|MSCI World (Developed)||1,788.23||0.3%||2.1%||5.3%|
|MSCI AC World (Dev & Em)||431.55||0.2%||2.3%||5.6%|
|MSCI Emerging Markets||895.98||-0.1%||3.9%||8.6%|
|MSCI AC World Value||197.66||0.2%||1.7%||9.5%|
|MSCI AC World Growth||222.00||0.3%||3.0%||1.8%|
|FTSE Gilts All Stocks||3,469.67||-0.7%||-1.6%||8.5%|
|FTSE Index Linked All Stocks||632.48||-0.9%||-0.7%||21.2%|
|ML Sterling Corporate Bonds||378.60||-0.5%||-0.7%||10.7%|
|ML Global High Yield Bonds||346.40||0.0%||1.1%||15.0%|
|Brent Crude Oil||55.45||-1.0%||-2.4%||23.4%|
|Consumer Goods and Services||20,184.96||0.5%||2.5%||9.6%|
|Oil & Gas||8,680.78||0.2%||1.6%||54.2%|
|$ per £||1.20||-1.5%||-2.7%||-16.3%|
|€ per £||1.13||-1.2%||-3.6%||-15.7%|
|¥ per £||136.62||-2.0%||-5.5%||-22.7%|
|VIX Index (Volatility)||11.23||-2.7%||-20.0%||-22.9%|
|Baltic Dry Index||910.00||2.0%||-5.3%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.36%|
|Consumer Price Index||1.20%|
|Retail Price Index||2.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||28.07|
|FTSE All Share Adj P/E||25.13|
|FTSE All Share Yld||3.83%|
|15yr Gilt Yield||1.76%|
|10yr Gilt Yield||1.36%|
|10yr US Tres Yield||2.40%|
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.