Investment Market Update
Asian stocks traded lower on Thursday, with investors cautious over fresh trade-related developments as the trade dispute between the US and China remained in focus.
US stocks erased early losses and closed higher on Wednesday after minutes from the Federal Reserve’s latest meeting showed the central bank plans to stay on a gradual path of rate increases even if inflation meets its target.
UK Stocks were down on Wednesday joining other European indices to close in negative territory. Renewed fears over a potential trade war with China, in addition to concerns that OPEC could ease the self-imposed production cut in oil brought UK stocks down.
- Cable TV giant Comcast says it is considering a takeover offer for Rupert Murdoch's 21st Century Fox, setting the stage for showdown with Walt Disney. Disney has agreed to pay $52.4bn for Fox, but Comcast said it was in the "advanced stages" of preparing a better bid.
- President Donald Trump has ordered a national security probe into vehicle imports, which could bring new tariffs. Mr Trump said the US car industry was "critical to our strength as a nation" and ordered the Department of Commerce to investigate. The probe rests on 1960s legislation which lets the president restrict imports if they threaten national security.
|FTSE All Share||4,278.28||-1.1%||1.3%||9.0%|
|FTSE Small Cap||6,014.53||-0.5%||1.7%||14.9%|
|St. James's Place||1,200.00||-1.9%||-2.1%||20.9%|
|Euro Stoxx 600||392.58||-1.1%||0.9%||7.7%|
|Dow Jones Ind||24,886.81||0.2%||0.7%||25.1%|
|MSCI AC Asia Pacific||173.56||-0.4%||-0.1%||28.7%|
|MSCI World (Developed)||2,122.90||-0.3%||0.9%||20.1%|
|MSCI AC World (Dev & Em)||515.86||-0.3%||0.6%||21.6%|
|MSCI Emerging Markets||1,133.10||-0.8%||-2.2%||34.2%|
|MSCI AC World Value||218.81||-0.6%||-2.3%||15.2%|
|MSCI AC World Growth||286.15||-0.1%||3.4%||28.3%|
|FTSE Gilts All Stocks||3,553.26||0.8%||-1.0%||3.0%|
|FTSE Index Linked All Stocks||625.16||0.7%||-3.5%||2.3%|
|ML Sterling Corporate Bonds||392.40||0.3%||-2.1%||5.7%|
|ML Global High Yield Bonds||373.06||-0.2%||-1.2%||9.7%|
|Brent Crude Oil||79.80||0.3%||21.9%||14.5%|
|Consumer Goods and Services||20,222.99||0.1%||-9.6%||13.6%|
|Oil & Gas||9,870.64||-2.9%||8.9%||6.0%|
|$ per £||1.34||0.7%||-0.6%||9.5%|
|€ per £||1.14||-0.1%||1.2%||-4.0%|
|¥ per £||149.02||1.3%||-2.1%||5.3%|
|VIX Index (Volatility)||12.58||-4.8%||13.9%||-21.4%|
|Baltic Dry Index||1,162.00||-3.1%||-14.9%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.62%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.27|
|FTSE All Share Adj P/E||13.71|
|FTSE All Share Yld||3.96%|
|15yr Gilt Yield||1.72%|
|10yr Gilt Yield||1.44%|
|10yr US Tres Yield||2.99%|
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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