Investment Market Update
Asia stocks were mixed, with Japanese shares declining as the country’s political drama tests investor nerves and as Apple Inc.’s move to make its own displays for the first time hit regional producers.
US stocks rose as a pair of positive economic reports on industrial production and consumer sentiment helped offset worries about political uncertainty amidst reports that President Donald Trump plans to remove national security adviser HR McMaster.
UK stocks rose slightly as a weakening US dollar helped buoy the prices of commodities such as oil.
- The British Chambers of Commerce (BCC) has raised its UK growth forecast, but warns it will be among the worst performing G7 economies until 2020. The BCC has raised its GDP forecast for 2018 from 1.1% to 1.4% and in 2019 from 1.3% to 1.5%. Its first forecast for 2020 is for 1.6% growth.
- Facebook and a US data firm, Cambridge Analytica, have been accused of misleading Parliament. The Digital, Culture, Media and Sport Committee said both firms must answer more questions over claims that details from 50 million profiles were gathered without consent.
|FTSE All Share||3,957.08||0.30%||-6.30%||9.00%|
|FTSE Small Cap||5,754.80||0.00%||-2.70%||14.90%|
|St. James's Place||1,141.50||0.10%||-6.90%||20.90%|
|Euro Stoxx 600||377.71||0.20%||-2.90%||7.70%|
|Dow Jones Ind||24,946.51||0.30%||0.90%||25.10%|
|MSCI AC Asia Pacific||178.128||-0.30%||2.50%||28.70%|
|MSCI World (Developed)||2,134.05||0.00%||1.50%||20.10%|
|MSCI AC World (Dev & Em)||522.474||0.00%||1.80%||21.60%|
|MSCI Emerging Markets||1,213.14||-0.30%||4.70%||34.20%|
|MSCI AC World Value||222.741||0.20%||-0.60%||15.20%|
|MSCI AC World Growth||288.461||-0.20%||4.20%||28.30%|
|FTSE Gilts All Stocks||3,563.46||0.10%||-0.70%||3.00%|
|FTSE Index Linked All Stocks||637.61||0.00%||-1.60%||2.30%|
|ML Sterling Corporate Bonds||394.509||0.00%||-1.60%||5.70%|
|ML Global High Yield Bonds||377.425||0.00%||0.00%||9.70%|
|Brent Crude Oil||66.21||1.70%||0.20%||14.50%|
|Consumer Goods and Services||19,379.41||-0.40%||-13.30%||13.60%|
|Oil & Gas||8,143.44||1.40%||-10.10%||6.00%|
|$ per £||1.3965||0.20%||3.30%||9.50%|
|€ per £||1.1321||-0.20%||0.50%||-4.00%|
|¥ per £||148.017||0.10%||-2.80%||5.30%|
|VIX Index (Volatility)||15.8||-4.80%||43.10%||-21.40%|
|Baltic Dry Index||1,150.00||-1.60%||-15.80%||42.14%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.61%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.00%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.74555|
|FTSE All Share Adj P/E||13.12089|
|FTSE All Share Yld||4.13%|
|15yr Gilt Yield||1.67%|
|10yr Gilt Yield||1.43%|
|10yr US Tres Yield||2.84%|
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.