Investment Market Update
Asian markets are rounding off the week on a mildly positive note following a sell-off on Wednesday. Japan's benchmark Nikkei closed 0.9% higher.
US stocks closed little changed yesterday, as a key debate over the healthcare bill in Congress was postponed. Investors are concerned that the setback casts doubt on whether President Trump can push through other business-friendly tax and spending changes.
UK stocks ended the day higher led by retailer Next, as investors reacted to its results. Next shares jumped by 8% despite the retailer reporting its first fall in annual profits for eight years, with profits dropping to £790m.
- OPEC and allies reviewing the impact of their oil cuts this weekend face a market with an unambiguous message: their work is far from done. As producers meet in Kuwait to gauge how well they’ve implemented output cuts agreed on last year, talks will be overshadowed by the question of whether the persisting glut requires the curbs to be extended beyond the summer.
- Former US Trade Representative Michael Froman said the goals of a 12-nation Pacific trade pact he helped negotiate are likely to live on in some fashion and that President Donald Trump’s decision to abandon the agreement was a "terrible mistake."
|FTSE All Share||3,997.13||0.3%||3.2%||12.5%|
|FTSE Small Cap||5,366.53||0.1%||4.3%||11.0%|
|St. James's Place||1,056.00||1.4%||4.1%||3.9%|
|Euro Stoxx 600||377.20||0.8%||4.4%||-1.2%|
|Dow Jones Ind||20,656.58||0.0%||4.5%||13.4%|
|MSCI AC Asia Pacific||147.49||0.1%||9.2%||2.3%|
|MSCI World (Developed)||1,844.97||0.1%||5.4%||5.3%|
|MSCI AC World (Dev & Em)||447.48||0.1%||6.1%||5.6%|
|MSCI Emerging Markets||967.92||0.1%||12.3%||8.6%|
|MSCI AC World Value||202.28||0.2%||4.1%||9.5%|
|MSCI AC World Growth||233.34||0.1%||8.2%||1.8%|
|FTSE Gilts All Stocks||3,547.71||-0.5%||0.7%||8.5%|
|FTSE Index Linked All Stocks||637.18||-0.5%||0.1%||21.2%|
|ML Sterling Corporate Bonds||386.15||-0.4%||1.3%||10.7%|
|ML Global High Yield Bonds||350.73||0.1%||2.4%||15.0%|
|Brent Crude Oil||50.56||-0.2%||-12.9%||23.4%|
|Consumer Goods and Services||21,929.45||-0.2%||11.4%||9.6%|
|Oil & Gas||7,852.75||0.0%||-8.1%||54.2%|
|$ per £||1.25||0.0%||1.4%||-16.3%|
|€ per £||1.16||-0.2%||-1.3%||-15.7%|
|¥ per £||139.16||0.1%||-3.7%||-22.7%|
|VIX Index (Volatility)||13.12||2.4%||-6.6%||-22.9%|
|Baltic Dry Index||1,196.00||0.5%||24.5%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.34%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||26.79|
|FTSE All Share Adj P/E||24.70|
|FTSE All Share Yld||3.86%|
|15yr Gilt Yield||1.58%|
|10yr Gilt Yield||1.23%|
|10yr US Tres Yield||2.42%|
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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