Investment Market Update
Asian stocks traded mixed, with investors bracing for Wednesday’s Federal Reserve policy decision against the backdrop of recent turmoil in global markets.
US stocks broke a two-day losing streak as technology and consumer-focused companies climbed. Energy stocks fell along with crude oil, which reached its lowest price since August 2017.
UK stocks finished weaker on Tuesday, extending its recent depressing run as commodity stocks declined. The index managed to end above the day’s low as US stocks rebounded following Monday’s plunge.
- Barclays has been fined $15m by a US regulator after its chief executive Jes Staley attempted to unmask a whistleblower. The New York State Department of Financial Services (DFS) found Barclays had violated local banking law and its own procedures during the handling of the matter.
- US President Donald Trump has stepped up his pressure on the Federal Reserve by warning the central bank against making "yet another mistake". The Fed is likely to announce an interest rate rise today - its fourth in a year.
|FTSE All Share||3,662.99||-0.8%||-13.2%||9.0%|
|FTSE Small Cap||5,176.23||-0.2%||-12.4%||14.9%|
|St. James's Place||925.80||0.0%||-24.5%||20.9%|
|Euro Stoxx 600||340.46||-0.8%||-12.5%||7.7%|
|Dow Jones Ind||23,675.64||0.4%||-4.2%||25.1%|
|MSCI AC Asia Pacific||147.85||-1.1%||-14.9%||28.7%|
|MSCI World (Developed)||1,908.16||-0.3%||-9.3%||20.1%|
|MSCI AC World (Dev & Em)||460.68||-0.3%||-10.2%||21.6%|
|MSCI Emerging Markets||962.99||-0.5%||-16.9%||34.2%|
|MSCI AC World Value||197.69||-1.1%||-11.8%||15.2%|
|MSCI AC World Growth||254.28||-1.5%||-8.1%||28.3%|
|FTSE Gilts All Stocks||3,615.52||-0.1%||0.7%||3.0%|
|FTSE Index Linked All Stocks||660.19||-0.5%||1.9%||2.3%|
|ML Sterling Corporate Bonds||392.02||-0.1%||-2.2%||5.7%|
|ML Global High Yield Bonds||368.04||-0.2%||-2.5%||9.7%|
|Brent Crude Oil||56.26||-5.6%||-10.7%||14.5%|
|Consumer Goods and Services||17,530.15||-0.8%||-21.6%||13.6%|
|Oil & Gas||8,349.48||-2.3%||-7.8%||6.0%|
|$ per £||1.26||-0.1%||-6.6%||9.5%|
|€ per £||1.11||-0.1%||-1.3%||-4.0%|
|¥ per £||142.30||0.1%||-6.5%||5.3%|
|VIX Index (Volatility)||25.58||4.3%||131.7%||-21.4%|
|Baltic Dry Index||1,395.00||-0.8%||2.1%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.91%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.14|
|FTSE All Share Adj P/E||11.43|
|FTSE All Share Yld||4.76%|
|15yr Gilt Yield||1.47%|
|10yr Gilt Yield||1.28%|
|10yr US Tres Yield||2.82%|
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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