Investment Market Update
Asian stocks fell and Japanese equities moved deeper into a bear market, with regional shares on course for the worst week since October as concerns over tensions between US and China gripped markets.
US stocks closed lower as the the Federal Reserve proved less dovish than investors had hoped this week.
UK stocks have ended lower, following the US Federal Reserve's decision to raise interest rates on Wednesday.
- Defense Secretary Jim Mattis announced his resignation on Thursday, citing differences over policy with Donald Trump, a day after the president abruptly called for the withdrawal of American forces from Syria.
- UK funds are racing to set up management units in the EU to avoid being locked out of the soon-to-be 27 nation bloc come March 29. And many are choosing tiny Luxembourg, which has already carved out a niche as the world’s second biggest fund market outside of America.
|FTSE All Share||3,665.15||-0.8%||-13.2%||9.0%|
|FTSE Small Cap||5,141.53||-0.6%||-13.0%||14.9%|
|St. James's Place||927.80||0.1%||-24.3%||20.9%|
|Euro Stoxx 600||336.58||-1.4%||-13.5%||7.7%|
|Dow Jones Ind||22,859.60||-2.0%||-7.5%||25.1%|
|MSCI AC Asia Pacific||146.08||-1.4%||-16.0%||28.7%|
|MSCI World (Developed)||1,862.82||-1.6%||-11.4%||20.1%|
|MSCI AC World (Dev & Em)||450.83||-1.5%||-12.1%||21.6%|
|MSCI Emerging Markets||959.79||-0.8%||-17.1%||34.2%|
|MSCI AC World Value||193.04||-1.7%||-13.8%||15.2%|
|MSCI AC World Growth||247.66||-2.6%||-10.5%||28.3%|
|FTSE Gilts All Stocks||3,619.71||0.2%||0.9%||3.0%|
|FTSE Index Linked All Stocks||651.42||-0.4%||0.6%||2.3%|
|ML Sterling Corporate Bonds||392.63||0.1%||-2.0%||5.7%|
|ML Global High Yield Bonds||365.00||-0.7%||-3.3%||9.7%|
|Brent Crude Oil||54.35||-5.0%||-13.7%||14.5%|
|Consumer Goods and Services||17,630.67||0.1%||-21.2%||13.6%|
|Oil & Gas||8,327.51||-1.6%||-8.1%||6.0%|
|$ per £||1.27||-0.2%||-6.4%||9.5%|
|€ per £||1.11||0.1%||-1.6%||-4.0%|
|¥ per £||141.98||0.7%||-6.7%||5.3%|
|VIX Index (Volatility)||28.38||10.9%||157.1%||-21.4%|
|Baltic Dry Index||1,318.00||-4.4%||-3.5%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.91%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.16|
|FTSE All Share Adj P/E||11.44|
|FTSE All Share Yld||4.76%|
|15yr Gilt Yield||1.48%|
|10yr Gilt Yield||1.27%|
|10yr US Tres Yield||2.81%|
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.