Investment Market Update
Asian stocks decrease as indexes track Wall Street decline following Fed report which rekindles inflation and rising bond yields.
US Stocks ended Wednesday lower after the release of fed minutes, the Dow Jones Industrial Average gave up its gains amid concerns about higher interest rates following the release of minutes from the Federal Reserve’s January meeting.
UK stocks were marginally up on Wednesday, the AA was amongst the biggest fallers dropping 28% following a profit warning. The roadside recovery and insurance group expects underlying income to reach between £335m and £345m for 2019, a decrease from the predicted 390m.
- The head of Ford's US operations is leaving the company immediately following an internal investigation into inappropriate behaviour. The carmaker said its inquiry had concluded that some of Raj Nair's conduct had been "inconsistent with the company's code of conduct”. Ford did not specify why the investigation was started nor what it uncovered.
- The UK has seen the strongest two quarters of productivity growth since the recession of 2008, according to the latest data. Output per hour rose 0.8% in the three months to December, the Office for National Statistics said. It follows growth of 0.9% in the previous period. There was also a better than expected rise in wages. Excluding bonuses, earnings rose by 2.5% year-on-year.
|FTSE All Share||4,007.43||0.4%||-5.1%||9.0%|
|FTSE Small Cap||5,728.42||0.5%||-3.1%||14.9%|
|St. James's Place||1,142.50||0.8%||-6.8%||20.9%|
|Euro Stoxx 600||381.10||0.2%||-2.1%||7.7%|
|Dow Jones Ind||24,797.78||-0.7%||0.3%||25.1%|
|MSCI AC Asia Pacific||177.16||0.3%||1.9%||28.7%|
|MSCI World (Developed)||2,118.36||-0.4%||0.7%||20.1%|
|MSCI AC World (Dev & Em)||518.92||-0.2%||1.1%||21.6%|
|MSCI Emerging Markets||1,209.67||1.3%||4.4%||34.2%|
|MSCI AC World Value||222.93||-0.3%||-0.5%||15.2%|
|MSCI AC World Growth||284.42||0.0%||2.8%||28.3%|
|FTSE Gilts All Stocks||3,511.82||0.2%||-2.2%||3.0%|
|FTSE Index Linked All Stocks||630.43||-0.1%||-2.7%||2.3%|
|ML Sterling Corporate Bonds||393.07||0.1%||-1.9%||5.7%|
|ML Global High Yield Bonds||378.19||-0.1%||0.2%||9.7%|
|Brent Crude Oil||65.42||0.3%||-1.5%||14.5%|
|Consumer Goods and Services||20,051.61||-0.3%||-10.3%||13.6%|
|Oil & Gas||8,223.60||-0.1%||-9.2%||6.0%|
|$ per £||1.40||0.3%||3.6%||9.5%|
|€ per £||1.13||0.1%||0.7%||-4.0%|
|¥ per £||150.20||-0.1%||-1.3%||5.3%|
|VIX Index (Volatility)||20.02||-2.8%||81.3%||-21.4%|
|Baltic Dry Index||1,146.00||2.6%||-16.1%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.55%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.00%|
|Yields / Ratios|
|FTSE 100 Adj P/E||17.59|
|FTSE All Share Adj P/E||17.41|
|FTSE All Share Yld||4.00%|
|15yr Gilt Yield||1.79%|
|10yr Gilt Yield||1.55%|
|10yr US Tres Yield||2.95%|
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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