Investment Market Update
Asian stocks were mixed, as the dollar remained soft amid uncertainty over US President Donald Trump's policies and his withdrawal from the Trans-Pacific Partnership trade deal.
US stocks fell amid mounting losses in industrial and energy shares as investors weighed the Trump administration’s trade policies, including comments from the president mentioning a “very major” border tax.
UK stocks closed lower, as the pound gained against the dollar following Donald Trump's inauguration speech. Despite its recent gains, the pound is still down by about 17% against the dollar since the Brexit vote in June 2016.
- President Donald Trump has fulfilled a campaign pledge by signing an executive order to withdraw from the Trans-Pacific Partnership (TPP). The 12-nation trade deal was a linchpin of former President Barack Obama's Asia policy.
- The Supreme Court will rule later today whether Parliament or ministers have the power to begin the Brexit process. The landmark judgement will decide how the EU's Article 50 exit clause is triggered.
|FTSE All Share||3,880.50||-0.6%||0.2%||12.5%|
|FTSE Small Cap||5,229.68||-0.3%||1.7%||11.0%|
|St. James's Place||1,058.00||-0.2%||4.3%||3.9%|
|Euro Stoxx 600||361.01||-0.4%||-0.1%||-1.2%|
|Dow Jones Ind||19,799.85||-0.1%||0.2%||13.4%|
|MSCI AC Asia Pacific||140.36||0.5%||3.9%||2.3%|
|MSCI World (Developed)||1,781.43||-0.1%||1.7%||5.3%|
|MSCI AC World (Dev & Em)||430.40||0.0%||2.0%||5.6%|
|MSCI Emerging Markets||902.14||1.0%||4.6%||8.6%|
|MSCI AC World Value||196.54||-0.1%||1.1%||9.5%|
|MSCI AC World Growth||222.10||0.2%||3.0%||1.8%|
|FTSE Gilts All Stocks||3,467.82||0.4%||-1.6%||8.5%|
|FTSE Index Linked All Stocks||623.40||0.7%||-2.1%||21.2%|
|ML Sterling Corporate Bonds||378.34||0.3%||-0.8%||10.7%|
|ML Global High Yield Bonds||347.30||0.2%||1.4%||15.0%|
|Brent Crude Oil||55.23||-0.5%||-2.8%||23.4%|
|Consumer Goods and Services||20,041.04||-0.1%||1.8%||9.6%|
|Oil & Gas||8,289.37||-1.6%||-3.0%||54.2%|
|$ per £||1.25||0.0%||1.1%||-16.3%|
|€ per £||1.16||-0.2%||-1.0%||-15.7%|
|¥ per £||141.11||0.0%||-2.3%||-22.7%|
|VIX Index (Volatility)||11.77||2.0%||-16.2%||-22.9%|
|Baltic Dry Index||914.00||-1.2%||-4.9%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.00%|
|Consumer Price Index||1.60%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.42|
|FTSE All Share Adj P/E||24.60|
|FTSE All Share Yld||3.91%|
|15yr Gilt Yield||1.75%|
|10yr Gilt Yield||1.37%|
|10yr US Tres Yield||2.40%|
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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