Investment Market Update
Asian stocks fell as Japanese shares led most Asian stocks lower and the yen appreciated as investors eyed risks from Turkey to North Korea. Treasuries ticked higher, while oil headed lower.
US stocks fell after Donald Trump said he was not satisfied with and cast doubt on whether a summit with North Korea, scheduled for 12 Jun in Singapore, will in fact take place.
UK stocks rose further as traders welcomed signs that tensions between the US and China are easing, lowering the risk of a full-blown trade war.
- Marks and Spencer has suffered a steep drop in annual profits, after taking a big charge to cover the cost of closing stores. The retailer's pre-tax profits fell by 62% to £66.8m from £176.4m in 2017. Profits were hit by a one-off charge of £321m to cover the reorganisation of its stores across the UK.
- A joint venture between France's Keolis and Spanish-owned Amey has won the £5bn contract to run Wales' rail services for the next 15 years. The BBC has learned the Keolis/Amey bid has triumphed over a rival offer from Hong Kong's MTR commuter railways. Arriva, the transport company which has run the Wales and Borders franchise for the last 15 years, pulled out of the running in December.
|FTSE All Share||4,324.41||0.2%||2.4%||9.0%|
|FTSE Small Cap||6,044.44||-0.1%||2.2%||14.9%|
|St. James's Place||1,223.00||0.5%||-0.2%||20.9%|
|Euro Stoxx 600||396.94||0.3%||2.0%||7.7%|
|Dow Jones Ind||24,834.41||-0.7%||0.5%||25.1%|
|MSCI AC Asia Pacific||174.19||0.0%||0.2%||28.7%|
|MSCI World (Developed)||2,128.78||-0.1%||1.2%||20.1%|
|MSCI AC World (Dev & Em)||517.60||0.0%||0.9%||21.6%|
|MSCI Emerging Markets||1,142.05||0.5%||-1.4%||34.2%|
|MSCI AC World Value||220.16||0.1%||-1.7%||15.2%|
|MSCI AC World Growth||286.37||-0.2%||3.5%||28.3%|
|FTSE Gilts All Stocks||3,526.00||-0.3%||-1.8%||3.0%|
|FTSE Index Linked All Stocks||620.58||-0.2%||-4.2%||2.3%|
|ML Sterling Corporate Bonds||391.25||-0.3%||-2.4%||5.7%|
|ML Global High Yield Bonds||373.87||0.1%||-0.9%||9.7%|
|Brent Crude Oil||79.57||0.4%||21.5%||14.5%|
|Consumer Goods and Services||20,209.84||0.0%||-9.6%||13.6%|
|Oil & Gas||10,161.79||-0.5%||12.2%||6.0%|
|$ per £||1.34||-0.2%||-0.8%||9.5%|
|€ per £||1.14||-0.1%||1.2%||-4.0%|
|¥ per £||148.88||-0.1%||-2.2%||5.3%|
|VIX Index (Volatility)||13.22||1.1%||19.7%||-21.4%|
|Baltic Dry Index||1,199.00||-3.2%||-12.2%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.62%|
|Consumer Price Index||2.50%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.41|
|FTSE All Share Adj P/E||13.82|
|FTSE All Share Yld||3.85%|
|15yr Gilt Yield||1.79%|
|10yr Gilt Yield||1.52%|
|10yr US Tres Yield||3.06%|
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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