Investment Market Update
Asian stocks rose as markets from Hong Kong to Singapore followed a rally in the US. Toshiba shares soared 18.5% on Wednesday as investors snapped up shares on expectations it will soon sell off a stake in its prized microchip business.
US stocks advanced following a three-day weekend as climbing oil prices boosted energy companies, and helped in part by merger and acquisition activity.
UK stocks fell back slightly with the biggest drop of the day coming from global bank HSBC, with a fall of nearly 7%, as they reported a 62% drop in profits. Shares in Rolls-Royce rose 3.5%, as investors continued to react to Goldman Sachs upgrading its rating on the shares to "buy".
- Lloyds Banking Group Plc, Britain’s largest mortgage lender, swung to a fourth-quarter profit even as it faced more than £700 million of conduct and restructuring charges. Pre-tax profit was £973 million, compared to a loss of £507 million a year earlier.
- OPEC and Russia will need to pro-long their six-month deal to cut oil output if they plan to trim the global inventory glut that has kept a lid on prices, said Total SA Chief Executive Officer Patrick Pouyanne.
|FTSE All Share||3,960.17||-0.3%||2.2%||12.5%|
|FTSE Small Cap||5,353.02||0.1%||4.1%||11.0%|
|St. James's Place||1,090.00||-1.1%||7.5%||3.9%|
|Euro Stoxx 600||373.40||0.6%||3.3%||-1.2%|
|Dow Jones Ind||20,743.00||0.6%||5.0%||13.4%|
|MSCI AC Asia Pacific||145.27||0.1%||7.6%||2.3%|
|MSCI World (Developed)||1,843.05||0.3%||5.2%||5.3%|
|MSCI AC World (Dev & Em)||445.92||0.3%||5.7%||5.6%|
|MSCI Emerging Markets||945.64||0.2%||9.7%||8.6%|
|MSCI AC World Value||202.67||0.3%||4.3%||9.5%|
|MSCI AC World Growth||231.23||0.4%||7.2%||1.8%|
|FTSE Gilts All Stocks||3,506.44||-0.1%||-0.5%||8.5%|
|FTSE Index Linked All Stocks||626.83||-1.0%||-1.6%||21.2%|
|ML Sterling Corporate Bonds||381.76||-0.1%||0.1%||10.7%|
|ML Global High Yield Bonds||350.94||0.1%||2.5%||15.0%|
|Brent Crude Oil||56.66||0.9%||-1.4%||23.4%|
|Consumer Goods and Services||21,009.76||0.4%||6.7%||9.6%|
|Oil & Gas||7,836.16||0.9%||-8.3%||54.2%|
|$ per £||1.25||0.3%||1.2%||-16.3%|
|€ per £||1.19||0.4%||1.2%||-15.7%|
|¥ per £||141.72||0.2%||-1.9%||-22.7%|
|VIX Index (Volatility)||11.57||0.7%||-17.6%||-22.9%|
|Baltic Dry Index||778.00||2.8%||-19.0%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.36%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||28.15|
|FTSE All Share Adj P/E||25.52|
|FTSE All Share Yld||3.83%|
|15yr Gilt Yield||1.66%|
|10yr Gilt Yield||1.24%|
|10yr US Tres Yield||2.43%|
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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