Investment Market Update
Asian stocks pared gains as Chinese equities and the yuan declined, weighing on markets in the rest of the region. Australia’s dollar rose after the country’s employment surged in June.
US stocks finished mostly higher on Wednesday, with the S&P 500 rising to its highest in more than five months, led by big gains in banks and transportation companies like airlines and railroads.
UK shares closed with modest gains, up 49.95 points or 0.66% at 7,676.28. Miners Evraz and BHP Billiton were among the top risers, adding 3% and 2.75% respectively.
- The UK publishing industry has warned that Brexit could damage its record-breaking export business. The boss of the Publishers Association said any tariffs or other barriers to trade post-Brexit "could be a problem". His warning came as the industry body reported record sales of £5.7bn in 2017, up 5% on the previous year.
- A remote, boggy stretch of land on the north coast of Scotland is set to become the UK's first spaceport. The A'Mhoine Peninsula in Sutherland has been chosen as the most suitable place from which to launch rockets vertically to put satellites in orbit. The UK Space Agency is giving Highlands and Islands Enterprise £2.5m towards the development of the facility.
|FTSE All Share||4,225.59||0.6%||0.1%||9.0%|
|FTSE Small Cap||5,915.11||0.1%||0.1%||14.9%|
|St. James's Place||1,208.00||1.4%||-1.5%||20.9%|
|Euro Stoxx 600||387.06||0.5%||-0.5%||7.7%|
|Dow Jones Ind||25,199.29||0.3%||1.9%||25.1%|
|MSCI AC Asia Pacific||165.24||0.1%||-4.9%||28.7%|
|MSCI World (Developed)||2,142.24||0.2%||1.8%||20.1%|
|MSCI AC World (Dev & Em)||516.47||0.1%||0.7%||21.6%|
|MSCI Emerging Markets||1,068.75||-0.2%||-7.7%||34.2%|
|MSCI AC World Value||214.90||0.1%||-4.1%||15.2%|
|MSCI AC World Growth||291.71||0.2%||5.4%||28.3%|
|FTSE Gilts All Stocks||3,618.86||0.2%||0.8%||3.0%|
|FTSE Index Linked All Stocks||644.16||0.0%||-0.6%||2.3%|
|ML Sterling Corporate Bonds||396.50||0.2%||-1.1%||5.7%|
|ML Global High Yield Bonds||374.16||0.0%||-0.9%||9.7%|
|Brent Crude Oil||72.90||1.0%||12.6%||14.5%|
|Consumer Goods and Services||20,442.11||0.5%||-8.6%||13.6%|
|Oil & Gas||9,700.98||0.6%||7.1%||6.0%|
|$ per £||1.31||0.6%||-2.8%||9.5%|
|€ per £||1.13||0.5%||0.1%||-4.0%|
|¥ per £||148.24||0.6%||-2.6%||5.3%|
|VIX Index (Volatility)||12.10||0.3%||9.6%||-21.4%|
|Baltic Dry Index||1,688.00||-1.9%||23.6%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.76%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.09|
|FTSE All Share Adj P/E||13.05|
|FTSE All Share Yld||3.96%|
|15yr Gilt Yield||1.52%|
|10yr Gilt Yield||1.23%|
|10yr US Tres Yield||2.87%|
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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