Investment Market Update
Asian stocks advanced after inflation data in the US added to evidence that global growth is continuing steadily with limited price pressures in the American economy.
US stocks ended the week higher as investors reacted to the latest retail sales and inflation data. The Commerce Department said retail sales rose 1.6% last month, with spending likely to have been lifted by demand for building materials and cars following hurricanes Harvey and Irma.
UK stocks were lower on Friday as the pound climbed to a nearly two-week high on prospects for a smoother exit for Britain out of the European Union.
- The Bank of England should hold off from raising interest rates next month, according to a forecasting body. Bank governor Mark Carney has said rates could go up in the "relatively near term", with many analysts expecting a hike in November. However, the EY Item Club said such a move risked hurting the UK's "fragile economic outlook".
The old round £1 coin is now officially withdrawn, but shoppers will still be able to spend them in some shops. With up to 450 million estimated to be still in the public's hands, many retailers have said they will continue to accept them for a limited period. Businesses can refuse to take them from Monday when they will no longer be legal tender.
|FTSE All Share||4,137.06||-0.2%||6.8%||12.5%|
|FTSE Small Cap||5,823.77||0.0%||13.2%||11.0%|
|St. James's Place||1,177.00||0.1%||20.0%||3.9%|
|Euro Stoxx 600||391.42||0.3%||8.3%||-1.2%|
|Dow Jones Ind||22,871.72||0.1%||15.7%||13.4%|
|MSCI AC Asia Pacific||166.66||0.6%||23.4%||2.3%|
|MSCI World (Developed)||2,028.01||0.2%||15.8%||5.3%|
|MSCI AC World (Dev & Em)||495.09||0.2%||17.4%||5.6%|
|MSCI Emerging Markets||1,125.91||0.4%||30.6%||8.6%|
|MSCI AC World Value||217.49||0.2%||11.9%||9.5%|
|MSCI AC World Growth||265.59||0.3%||23.2%||1.8%|
|FTSE Gilts All Stocks||3,519.32||0.2%||-0.1%||8.5%|
|FTSE Index Linked All Stocks||637.98||0.5%||0.2%||21.2%|
|ML Sterling Corporate Bonds||393.32||0.1%||3.2%||10.7%|
|ML Global High Yield Bonds||375.62||0.0%||9.7%||15.0%|
|Brent Crude Oil||57.17||1.6%||-2.7%||23.4%|
|Consumer Goods and Services||22,317.63||-0.3%||13.4%||9.6%|
|Oil & Gas||8,422.56||-0.3%||-1.5%||54.2%|
|$ per £||1.32||-0.3%||7.4%||-16.3%|
|€ per £||1.12||-0.4%||-4.6%||-15.7%|
|¥ per £||148.82||0.2%||3.0%||-22.7%|
|VIX Index (Volatility)||9.61||-3.0%||-31.6%||-22.9%|
|Baltic Dry Index||1,485.00||1.9%||54.5%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.37%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.38|
|FTSE All Share Adj P/E||21.65|
|FTSE All Share Yld||3.75%|
|15yr Gilt Yield||1.69%|
|10yr Gilt Yield||1.37%|
|10yr US Tres Yield||2.27%|
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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