Investment Market Update
Asian stocks were mixed as Japanese shares traded higher while Hong Kong stocks swung between gains and losses, and equities fell in China and Australia.
US stocks rose, pushing the market toward the milestone of the longest bull market in American history.
UK stocks closed lower, with BHP Billiton Plc falling despite paying a record dividend, its chief executive warned on the dangers of an escalating trade war.
- Banks have been warned that it's "not fair" to automatically blame customers for money lost through a scam. Last year, customers transferred nearly £240m to fraudsters, only a quarter of which was refunded by financial firms. The Financial Ombudsman service said fraudsters' growing sophistication meant it was wrong to assume losses were due to customer carelessness.
- Venezuela came to a standstill on Tuesday as the country tried to deal with its newly introduced currency. Thousands of businesses closed in order to adapt to the "sovereign bolivar", and many workers stayed at home. President Nicolás Maduro launched the new banknotes on Monday, revaluing and renaming the old bolivar currency.
|FTSE All Share||4,164.30||-0.2%||-1.4%||9.0%|
|FTSE Small Cap||5,863.51||0.3%||-0.8%||14.9%|
|St. James's Place||1,149.50||0.2%||-6.2%||20.9%|
|Euro Stoxx 600||384.15||0.2%||-1.3%||7.7%|
|Dow Jones Ind||25,822.29||0.2%||4.5%||25.1%|
|MSCI AC Asia Pacific||163.33||0.2%||-6.0%||28.7%|
|MSCI World (Developed)||2,151.79||0.3%||2.3%||20.1%|
|MSCI AC World (Dev & Em)||517.18||0.4%||0.8%||21.6%|
|MSCI Emerging Markets||1,044.31||1.0%||-9.9%||34.2%|
|MSCI AC World Value||217.10||0.3%||-3.1%||15.2%|
|MSCI AC World Growth||289.67||0.4%||4.7%||28.3%|
|FTSE Gilts All Stocks||3,605.29||-0.5%||0.5%||3.0%|
|FTSE Index Linked All Stocks||647.28||-0.7%||-0.1%||2.3%|
|ML Sterling Corporate Bonds||397.66||-0.3%||-0.8%||5.7%|
|ML Global High Yield Bonds||375.47||0.2%||-0.5%||9.7%|
|Brent Crude Oil||72.63||0.6%||12.8%||14.5%|
|Consumer Goods and Services||21,021.37||-1.2%||-6.0%||13.6%|
|Oil & Gas||9,302.59||0.4%||2.7%||6.0%|
|$ per £||1.28||-0.7%||-5.4%||9.5%|
|€ per £||1.12||0.2%||-0.9%||-4.0%|
|¥ per £||141.05||-0.8%||-7.3%||5.3%|
|VIX Index (Volatility)||12.86||3.0%||16.5%||-21.4%|
|Baltic Dry Index||1,736.00||0.5%||27.1%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.50%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.59|
|FTSE All Share Adj P/E||12.62|
|FTSE All Share Yld||4.07%|
|15yr Gilt Yield||1.55%|
|10yr Gilt Yield||1.27%|
|10yr US Tres Yield||2.83%|
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.