Investment Market Update
Asian stocks fell with emerging-market currencies after the latest US move to place a further tranche of tariffs on Chinese goods and amid signs some central banks are struggling to stabilize their currencies.
US stocks ended unchanged on Friday as Indexes moved between slightly positive and modestly negative territory throughout the session, following a report that President Donald Trump still wants to impose tariffs on $200 billion of Chinese goods.
UK stocks closed higher on Friday as investors came back to equities, the US China trade dispute is still ongoing, but while there isn’t a war of words, investors are content to buy back into the market.
- The British Chambers of Commerce (BCC) has lowered its UK growth forecast, and warns by 2020 the economy will have experienced its second-weakest decade. The BCC has lowered its GDP growth forecast for 2018 from 1.3% to 1.1% and in 2019 from 1.4% to 1.3%. Its forecast for 2020 is unchanged at 1.6% growth. The downgrades are driven by a weaker outlook for trade and investment.
- Amazon is investigating claims that its employees accepted bribes in exchange for leaking confidential sales data. Independent sellers were also allowed to delete negative reviews and restore banned accounts for payments of between $80 and $2,000, according to allegations in the Wall Street Journal.
|FTSE All Share||4,038.11||0.4%||-4.4%||9.0%|
|FTSE Small Cap||5,793.75||0.1%||-2.0%||14.9%|
|St. James's Place||1,100.00||0.6%||-10.3%||20.9%|
|Euro Stoxx 600||377.85||0.4%||-2.9%||7.7%|
|Dow Jones Ind||26,154.67||0.0%||5.8%||25.1%|
|MSCI AC Asia Pacific||161.97||1.1%||-6.8%||28.7%|
|MSCI World (Developed)||2,166.59||0.2%||3.0%||20.1%|
|MSCI AC World (Dev & Em)||519.46||0.3%||1.3%||21.6%|
|MSCI Emerging Markets||1,028.53||1.1%||-11.2%||34.2%|
|MSCI AC World Value||216.84||0.3%||-3.2%||15.2%|
|MSCI AC World Growth||292.51||0.3%||5.7%||28.3%|
|FTSE Gilts All Stocks||3,558.53||-0.1%||-0.9%||3.0%|
|FTSE Index Linked All Stocks||629.70||-0.1%||-2.8%||2.3%|
|ML Sterling Corporate Bonds||393.99||-0.2%||-1.7%||5.7%|
|ML Global High Yield Bonds||377.79||0.1%||0.1%||9.7%|
|Brent Crude Oil||78.09||-0.1%||22.0%||14.5%|
|Consumer Goods and Services||19,917.69||0.3%||-10.9%||13.6%|
|Oil & Gas||9,212.05||0.2%||1.7%||6.0%|
|$ per £||1.31||0.3%||-3.0%||9.5%|
|€ per £||1.12||-0.2%||-0.3%||-4.0%|
|¥ per £||146.64||0.1%||-3.7%||5.3%|
|VIX Index (Volatility)||12.07||-2.4%||9.3%||-21.4%|
|Baltic Dry Index||1,366.00||-1.2%||0.0%||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||12.19|
|FTSE All Share Adj P/E||12.25|
|FTSE All Share Yld||4.17%|
|15yr Gilt Yield||1.67%|
|10yr Gilt Yield||1.53%|
|10yr US Tres Yield||3.00%|
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.
Source: FTSE International Limited ("FTSE") © FTSE 2018. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
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.