Investment Market Update
Asian stocks around the region were buoyed by gains for Wall Street while China’s stocks took an early hit and its currency sank after Moody’s downgraded its credit rating for the world’s second-largest economy.
US stocks edged higher on Tuesday, after the release of a new US budget proposal. Stocks in most sectors traded up, with the exception of consumer staples and discretionary goods firms. Stocks of homebuilders such as Lennar Corp and the Pulte Group fell more than 1.5% after the US Commerce Department reported that new home sales in the US were decreasing.
UK stocks dipped at the finish on Tuesday after spending the day in positive territory. Retailers Kingfisher and Marks and Spencer, which are both due to issue statements today, were among those worst hit.
- The UK terror threat level has been raised to its highest level of "critical". Military personnel will now be deployed to protect key sites under the new threat level.
- There were further signs of a slowdown in the property market in April, as the number of sales fell significantly, while fewer people took out mortgages.
|FTSE All Share||4,098.45||-0.1%||5.8%||12.5%|
|FTSE Small Cap||5,628.17||0.1%||9.4%||11.0%|
|St. James's Place||1,177.00||1.0%||18.4%||3.9%|
|Euro Stoxx 600||392.02||0.2%||8.5%||-1.2%|
|Dow Jones Ind||20,937.91||0.2%||5.9%||13.4%|
|MSCI AC Asia Pacific||151.87||-0.3%||12.5%||2.3%|
|MSCI World (Developed)||1,906.69||0.1%||8.9%||5.3%|
|MSCI AC World (Dev & Em)||462.66||0.1%||9.7%||5.6%|
|MSCI Emerging Markets||1,004.47||0.1%||16.5%||8.6%|
|MSCI AC World Value||205.17||0.2%||5.6%||9.5%|
|MSCI AC World Growth||245.94||0.0%||14.1%||1.8%|
|FTSE Gilts All Stocks||3,600.05||0.2%||2.1%||8.5%|
|FTSE Index Linked All Stocks||662.84||0.6%||4.1%||21.2%|
|ML Sterling Corporate Bonds||394.77||0.1%||3.6%||10.7%|
|ML Global High Yield Bonds||362.01||0.0%||5.7%||15.0%|
|Brent Crude Oil||54.15||0.5%||-7.8%||23.4%|
|Consumer Goods and Services||22,629.55||-0.2%||15.0%||9.6%|
|Oil & Gas||7,941.54||0.1%||-7.1%||54.2%|
|$ per £||1.30||0.3%||5.5%||-16.3%|
|€ per £||1.16||-0.1%||-1.3%||-15.7%|
|¥ per £||144.62||-0.2%||0.1%||-22.7%|
|VIX Index (Volatility)||10.72||-1.9%||-23.6%||-22.9%|
|Baltic Dry Index||949.00||-0.5%||-1.2%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.30%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||25.20|
|FTSE All Share Adj P/E||23.77|
|FTSE All Share Yld||3.79%|
|15yr Gilt Yield||1.46%|
|10yr Gilt Yield||1.08%|
|10yr US Tres Yield||2.28%|
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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