Investment Market Update
Asian stocks ran into resistance near a 10-year high, as energy producers and industrial firms retreated before a flurry of earnings this week.
US stocks fell from record levels as investors looked ahead to a Federal Reserve meeting and manufacturing data this week.
UK stocks fell, with the FTSE 100 ending the day 34.96 points lower. Shares in bookmaker Paddy Power Betfair fell 2.1% after Investec cut its rating on the company to "sell".
- The UK and US economies will expand more slowly in 2017 than previously predicted, according to the International Monetary Fund. It said "weaker-than-expected activity" in the first three months of the year meant the UK would grow by 1.7%, compared with an earlier 2% forecast.
- Consumers in the UK could save billions of pounds thanks to major changes in the way electricity is made, used and stored, the government has said. New rules will make it easier for people to generate their own power with solar panels, store it in batteries and sell it to the National Grid.
|FTSE All Share||4,079.62||-0.4%||5.3%||12.5%|
|FTSE Small Cap||5,667.67||0.2%||10.2%||11.0%|
|St. James's Place||1,219.00||-1.0%||22.6%||3.9%|
|Euro Stoxx 600||380.16||-1.0%||5.2%||-1.2%|
|Dow Jones Ind||21,580.07||-0.1%||9.2%||13.4%|
|MSCI AC Asia Pacific||159.53||0.1%||18.1%||2.3%|
|MSCI World (Developed)||1,958.77||-0.2%||11.9%||5.3%|
|MSCI AC World (Dev & Em)||476.77||-0.2%||13.0%||5.6%|
|MSCI Emerging Markets||1,060.18||0.1%||23.0%||8.6%|
|MSCI AC World Value||210.49||-0.3%||8.3%||9.5%|
|MSCI AC World Growth||254.53||-0.1%||18.0%||1.8%|
|FTSE Gilts All Stocks||3,561.58||0.4%||1.0%||8.5%|
|FTSE Index Linked All Stocks||630.44||1.1%||-1.0%||21.2%|
|ML Sterling Corporate Bonds||395.15||0.3%||3.7%||10.7%|
|ML Global High Yield Bonds||368.54||0.1%||7.6%||15.0%|
|Brent Crude Oil||48.06||-2.5%||-18.3%||23.4%|
|Consumer Goods and Services||22,702.34||-0.1%||15.3%||9.6%|
|Oil & Gas||7,622.74||-0.9%||-10.8%||54.2%|
|$ per £||1.30||-0.2%||5.2%||-16.3%|
|€ per £||1.12||0.1%||-4.9%||-15.7%|
|¥ per £||145.00||0.4%||0.3%||-22.7%|
|VIX Index (Volatility)||9.36||-2.3%||-33.3%||-22.9%|
|Baltic Dry Index||977.00||1.3%||1.7%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.29%|
|Consumer Price Index||2.60%|
|Retail Price Index||3.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||24.84|
|FTSE All Share Adj P/E||23.49|
|FTSE All Share Yld||3.77%|
|15yr Gilt Yield||1.55%|
|10yr Gilt Yield||1.17%|
|10yr US Tres Yield||2.24%|
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.