Investment Market Update
Asian stocks excluding Japan rose to their highest in more than two years, tracking gains in the US on Friday. China reported better-than-expected second quarter gross domestic product figures.
US stocks closed higher despite declines in banking shares as investors reacted to the latest round of results in the sector.
UK stocks closed lower on Friday, with Royal Mail and house builders seeing some of the biggest falls, but the pound strengthened.
- China's economy grew at an annual rate of 6.9% between April and June according to official figures, slightly higher than forecast. Beijing is trying to rein in debt and a housing bubble with tough measures on the property sector and lenders. Many analysts expected China's economy to slow as those policies kicked in but the latest data is well above Beijing's 6.5% growth target for 2017.
- The final route of the Manchester and Leeds branches of HS2 will be announced later, including a decision over its path through Sheffield. Contracts worth £6.6bn will also be awarded for work on the first stretch of the new high speed rail line between London and Birmingham. The transport secretary said HS2 would "drive economic growth and productivity in the North and Midlands".
|FTSE All Share||4,033.51||-0.4%||4.1%||12.5%|
|FTSE Small Cap||5,598.65||0.0%||8.9%||11.0%|
|St. James's Place||1,171.00||-0.4%||17.8%||3.9%|
|Euro Stoxx 600||386.84||0.2%||7.0%||-1.2%|
|Dow Jones Ind||21,637.74||0.4%||9.5%||13.4%|
|MSCI AC Asia Pacific||157.44||0.8%||16.6%||2.3%|
|MSCI World (Developed)||1,948.08||0.6%||11.2%||5.3%|
|MSCI AC World (Dev & Em)||473.78||0.6%||12.3%||5.6%|
|MSCI Emerging Markets||1,047.05||0.6%||21.4%||8.6%|
|MSCI AC World Value||209.80||0.5%||7.9%||9.5%|
|MSCI AC World Growth||252.20||0.7%||17.0%||1.8%|
|FTSE Gilts All Stocks||3,517.32||-0.2%||-0.2%||8.5%|
|FTSE Index Linked All Stocks||610.52||-1.3%||-4.1%||21.2%|
|ML Sterling Corporate Bonds||390.80||-0.1%||2.5%||10.7%|
|ML Global High Yield Bonds||365.68||0.2%||6.8%||15.0%|
|Brent Crude Oil||48.91||1.0%||-16.9%||23.4%|
|Consumer Goods and Services||22,213.51||-0.3%||12.9%||9.6%|
|Oil & Gas||7,555.43||-0.5%||-11.6%||54.2%|
|$ per £||1.29||-1.3%||4.7%||-16.3%|
|€ per £||1.13||-0.7%||-3.3%||-15.7%|
|¥ per £||146.44||-0.6%||1.3%||-22.7%|
|VIX Index (Volatility)||9.51||-3.9%||-32.3%||-22.9%|
|Baltic Dry Index||900.00||1.4%||-6.3%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.30%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||24.70|
|FTSE All Share Adj P/E||23.24|
|FTSE All Share Yld||3.82%|
|15yr Gilt Yield||1.68%|
|10yr Gilt Yield||1.31%|
|10yr US Tres Yield||2.33%|
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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