Investment Market Update
Asian stocks fell tracking commodities lower. Shares in Tencent, China's technology giant, fell more than 3% in Hong Kong after China blocked the sale of its popular game Monster Hunter World.
US stocks closed lower as investors fretted about global trade tensions, Turkey's currency crisis and a rout in commodities stocks.
UK stocks fell as European markets as a whole were impacted by increasing trade tensions, as well as accelerating British inflation in July.
- The US and Turkey remained locked in a stalemate that has jolted global markets, as the White House said new tariffs on Turkish goods would remain and President Recep Tayyip Erdogan received a financial lifeline from Qatar that should buy him time in the standoff.
- China will dispatch Vice Commerce Minister Wang Shouwen to the US for low-level trade talks in late August, the first official exchanges since earlier negotiations broke down two months ago.
|FTSE All Share||4,122.24||-1.4%||-2.4%||9.0%|
|FTSE Small Cap||5,799.56||-0.9%||-1.9%||14.9%|
|St. James's Place||1,116.50||-1.5%||-8.9%||20.9%|
|Euro Stoxx 600||379.70||-1.4%||-2.4%||7.7%|
|Dow Jones Ind||25,162.41||-0.5%||1.8%||25.1%|
|MSCI AC Asia Pacific||161.81||-0.8%||-6.9%||28.7%|
|MSCI World (Developed)||2,115.70||-1.0%||0.6%||20.1%|
|MSCI AC World (Dev & Em)||508.32||-1.1%||-0.9%||21.6%|
|MSCI Emerging Markets||1,023.43||-1.8%||-11.7%||34.2%|
|MSCI AC World Value||213.00||-0.9%||-4.9%||15.2%|
|MSCI AC World Growth||285.19||-1.3%||3.0%||28.3%|
|FTSE Gilts All Stocks||3,625.16||0.4%||1.0%||3.0%|
|FTSE Index Linked All Stocks||653.17||0.1%||0.8%||2.3%|
|ML Sterling Corporate Bonds||398.74||0.3%||-0.5%||5.7%|
|ML Global High Yield Bonds||372.95||-0.2%||-1.2%||9.7%|
|Brent Crude Oil||70.76||-2.3%||9.9%||14.5%|
|Consumer Goods and Services||20,893.89||-1.2%||-6.6%||13.6%|
|Oil & Gas||9,128.32||-1.9%||0.8%||6.0%|
|$ per £||1.27||0.1%||-5.9%||9.5%|
|€ per £||1.12||0.1%||-0.5%||-4.0%|
|¥ per £||141.23||0.4%||-7.2%||5.3%|
|VIX Index (Volatility)||14.64||10.0%||32.6%||-21.4%|
|Baltic Dry Index||1,727.00||0.1%||26.4%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.50%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.49|
|FTSE All Share Adj P/E||12.51|
|FTSE All Share Yld||4.12%|
|15yr Gilt Yield||1.51%|
|10yr Gilt Yield||1.22%|
|10yr US Tres Yield||2.86%|
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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