Investment Market Update
Asian stocks finished higher as energy companies underpinned stock gains after a rally in crude oil, in an Asian session subdued by a Japanese holiday before the Federal Reserve’s policy decision.
US stocks closed higher despite shares in Twitter and Facebook falling after a day punctuated with reports of increased scrutiny of the social media sector.
UK stocks closed higher as Travel company Tui led the risers and Just Eat topped the drop list. The pound held fairly steady on Tuesday despite an inflation report that showed prices were rising at a slightly slower pace than had been expected.
- Falling petrol prices and a slower rise in the cost of food contributed to a drop in UK consumer price inflation during February. The rate fell from 3% to 2.7%, the lowest figure since July 2017. The fall eases pressure on the Bank of England to raise interest rates. There had been speculation it could raise rates at its meeting in May.
- As many as 90,000 grandparents and family members are missing out on a little-known perk that can increase their State Pension. National Insurance Credits for those who look after young children, instead of working, can be worth up to £230 a year in retirement. Insurance firm Royal London estimates that only one-in-ten of those eligible are claiming the benefit.
|FTSE All Share||3,907.73||0.2%||-7.4%||9.0%|
|FTSE Small Cap||5,699.50||0.1%||-3.6%||14.9%|
|St. James's Place||1,134.50||1.5%||-7.5%||20.9%|
|Euro Stoxx 600||375.57||0.5%||-3.5%||7.7%|
|Dow Jones Ind||24,727.27||0.5%||0.0%||25.1%|
|MSCI AC Asia Pacific||176.73||-0.1%||1.7%||28.7%|
|MSCI World (Developed)||2,110.91||0.0%||0.4%||20.1%|
|MSCI AC World (Dev & Em)||517.33||0.1%||0.8%||21.6%|
|MSCI Emerging Markets||1,209.89||0.5%||4.4%||34.2%|
|MSCI AC World Value||220.28||-0.1%||-1.7%||15.2%|
|MSCI AC World Growth||285.95||0.2%||3.3%||28.3%|
|FTSE Gilts All Stocks||3,561.63||-0.2%||-0.8%||3.0%|
|FTSE Index Linked All Stocks||636.17||-0.3%||-1.8%||2.3%|
|ML Sterling Corporate Bonds||393.16||-0.3%||-1.9%||5.7%|
|ML Global High Yield Bonds||376.75||-0.1%||-0.2%||9.7%|
|Brent Crude Oil||67.42||2.1%||2.0%||14.5%|
|Consumer Goods and Services||19,039.35||-0.3%||-14.9%||13.6%|
|Oil & Gas||8,048.81||1.1%||-11.2%||6.0%|
|$ per £||1.40||0.3%||4.0%||9.5%|
|€ per £||1.14||-0.4%||1.0%||-4.0%|
|¥ per £||148.74||-0.2%||-2.3%||5.3%|
|VIX Index (Volatility)||18.20||-4.3%||64.9%||-21.4%|
|Baltic Dry Index||1,136.00||-0.6%||-16.8%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.61%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.58|
|FTSE All Share Adj P/E||12.97|
|FTSE All Share Yld||4.21%|
|15yr Gilt Yield||1.70%|
|10yr Gilt Yield||1.49%|
|10yr US Tres Yield||2.90%|
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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