Investment Market Update
Asian shares closed lower after the latest Fed minutes revealed the possibility that a US rate hike could come sooner than expected.
US stocks were mixed as the Dow Jones Industrial Average increased slightly to hit a tenth consecutive record high as a rally in oil prices added to optimism about Donald Trump's proposed tax reforms.
UK stocks declined as a number of firms fell after going ex-dividend. Easyjet, Rio Tinto and HSBC were the biggest fallers after their shares no longer carried the right to their latest dividend.
- Royal Bank of Scotland has reported a £7bn annual loss as legacy issues continued to lower its performance in 2016. Litigation costs, restructuring charges and other issues all contributed to the bank's ninth consecutive annual loss.
- Germany's budget surplus hit a post-reunification high of nearly £20bn in 2016 boosted by a higher tax take and increased employment. This is the third year running that German government revenue has outstripped expenditure.
|FTSE All Share||3,953.60||-0.4%||2.1%||12.5%|
|FTSE Small Cap||5,328.14||-0.3%||3.6%||11.0%|
|St. James's Place||1,087.00||0.0%||7.2%||3.9%|
|Euro Stoxx 600||372.85||-0.1%||3.2%||-1.2%|
|Dow Jones Ind||20,810.32||0.2%||5.3%||13.4%|
|MSCI AC Asia Pacific||146.51||0.3%||8.5%||2.3%|
|MSCI World (Developed)||1,845.35||0.2%||5.4%||5.3%|
|MSCI AC World (Dev & Em)||446.75||0.2%||5.9%||5.6%|
|MSCI Emerging Markets||952.12||0.1%||10.4%||8.6%|
|MSCI AC World Value||203.16||0.3%||4.5%||9.5%|
|MSCI AC World Growth||231.53||0.0%||7.4%||1.8%|
|FTSE Gilts All Stocks||3,533.12||0.4%||0.2%||8.5%|
|FTSE Index Linked All Stocks||635.43||1.0%||-0.2%||21.2%|
|ML Sterling Corporate Bonds||384.31||0.3%||0.8%||10.7%|
|ML Global High Yield Bonds||352.28||0.2%||2.9%||15.0%|
|Brent Crude Oil||56.58||1.3%||-1.6%||23.4%|
|Consumer Goods and Services||21,318.01||0.2%||8.3%||9.6%|
|Oil & Gas||7,817.16||0.3%||-8.6%||54.2%|
|$ per £||1.26||0.1%||1.8%||-16.3%|
|€ per £||1.19||-0.1%||1.1%||-15.7%|
|¥ per £||141.67||0.2%||-2.0%||-22.7%|
|VIX Index (Volatility)||11.71||-0.3%||-16.6%||-22.9%|
|Baltic Dry Index||856.00||6.2%||-10.9%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.00%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.45|
|FTSE All Share Adj P/E||25.12|
|FTSE All Share Yld||3.83%|
|15yr Gilt Yield||1.59%|
|10yr Gilt Yield||1.15%|
|10yr US Tres Yield||2.37%|
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.