Investment Market Update
Asian stocks were mixed as investors kept an eye on the Communist Party Congress in Beijing. Hong Kong's Hang Seng closed lower with Japan's Nikkei edging higher.
US stocks rose on expectations of strong company profits and hopes that President Donald Trump will win backing for his tax cut plan. IBM added 8% after reporting third quarter earnings that beat analysts expectations.
UK stocks closed the session stronger. Education publisher Pearson continued to rise on Wednesday closing 3% higher, as investors took heart from its latest trading statement. However Sainsbury's was among the fallers, following its announcement it was cutting 2,000 jobs. The supermarket chain's share price shed 1% in reaction to the news.
- UK Prime Minister Theresa May will demand that the European Union move Brexit talks on to trade in a face-to-face showdown with leaders over dinner, even as EU officials see a breakthrough as all but impossible.
Robust factory output and consumer spending kept China’s economy humming in the third quarter, giving President Xi Jinping a firm footing to rein in excess capacity, curb pollution and shift to a more sustainable growth path.
|FTSE All Share||4,140.61||0.4%||6.9%||12.5%|
|FTSE Small Cap||5,834.43||0.1%||13.4%||11.0%|
|St. James's Place||1,164.00||0.6%||18.7%||3.9%|
|Euro Stoxx 600||391.56||0.3%||8.3%||-1.2%|
|Dow Jones Ind||23,157.60||0.7%||17.2%||13.4%|
|MSCI AC Asia Pacific||167.29||-0.1%||23.9%||2.3%|
|MSCI World (Developed)||2,030.44||0.2%||15.9%||5.3%|
|MSCI AC World (Dev & Em)||495.66||0.1%||17.5%||5.6%|
|MSCI Emerging Markets||1,126.90||0.1%||30.7%||8.6%|
|MSCI AC World Value||217.86||0.2%||12.1%||9.5%|
|MSCI AC World Growth||265.76||0.1%||23.2%||1.8%|
|FTSE Gilts All Stocks||3,537.06||-0.3%||0.4%||8.5%|
|FTSE Index Linked All Stocks||638.48||-1.2%||0.3%||21.2%|
|ML Sterling Corporate Bonds||395.06||-0.2%||3.6%||10.7%|
|ML Global High Yield Bonds||376.11||0.1%||9.8%||15.0%|
|Brent Crude Oil||58.15||0.5%||-1.0%||23.4%|
|Consumer Goods and Services||22,316.86||0.4%||13.4%||9.6%|
|Oil & Gas||8,428.61||0.2%||-1.4%||54.2%|
|$ per £||1.32||-0.1%||6.8%||-16.3%|
|€ per £||1.12||0.3%||-4.4%||-15.7%|
|¥ per £||147.98||-0.6%||2.4%||-22.7%|
|VIX Index (Volatility)||10.07||-2.3%||-28.3%||-22.9%|
|Baltic Dry Index||1,566.00||0.9%||63.0%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.38%|
|Consumer Price Index||3.00%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.40|
|FTSE All Share Adj P/E||21.66|
|FTSE All Share Yld||3.76%|
|15yr Gilt Yield||1.64%|
|10yr Gilt Yield||1.31%|
|10yr US Tres Yield||2.35%|
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.