Investment Market Update
Asian stocks rose ahead of the Jackson Hole central-bank summit as investors shrugged off a decline in US equities overnight on concerns surrounding the Trump administration.
US markets closed lower on Wednesday, sliding back after President Donald Trump gave a fiery speech suggesting more political drama lies ahead. At a rally in Arizona on Tuesday, Mr Trump said he would be willing to shut down the government if Congress resists funding a border wall.
UK stocks closed flat as troubled doorstep lender Provident Financial went from being Tuesday's biggest stock market loser to Wednesday's biggest winner.
- European Central Bank President Mario Draghi has said unconventional policies like quantitative easing (QE) have been a success both sides of the Atlantic. QE was introduced as an emergency measure during the financial crisis to pump money directly into the financial system and keep banks lending. A decade later, the stimulus policies are still in place, but he said they have "made the world more resilient".
- The UK food industry has warned that a Brexit workforce shortage could leave a third of its businesses unviable. The Food and Drink Federation said: "Our sector faces a rapidly approaching workforce shortage and skills gap." In its survey of the "farm-to-fork" supply chain, almost half of all businesses surveyed said EU nationals working in the UK were considering leaving.
|FTSE All Share||4,048.99||0.0%||4.5%||12.5%|
|FTSE Small Cap||5,679.36||0.0%||10.4%||11.0%|
|St. James's Place||1,178.00||-0.1%||18.5%||3.9%|
|Euro Stoxx 600||373.92||-0.5%||3.5%||-1.2%|
|Dow Jones Ind||21,812.09||-0.4%||10.4%||13.4%|
|MSCI AC Asia Pacific||160.06||0.3%||18.5%||2.3%|
|MSCI World (Developed)||1,942.15||-0.2%||10.9%||5.3%|
|MSCI AC World (Dev & Em)||473.99||-0.1%||12.4%||5.6%|
|MSCI Emerging Markets||1,075.60||0.3%||24.7%||8.6%|
|MSCI AC World Value||208.72||0.0%||7.4%||9.5%|
|MSCI AC World Growth||253.68||-0.2%||17.6%||1.8%|
|FTSE Gilts All Stocks||3,605.08||0.3%||2.3%||8.5%|
|FTSE Index Linked All Stocks||647.24||1.0%||1.6%||21.2%|
|ML Sterling Corporate Bonds||399.52||0.2%||4.8%||10.7%|
|ML Global High Yield Bonds||369.27||0.1%||7.8%||15.0%|
|Brent Crude Oil||52.57||1.3%||-10.6%||23.4%|
|Consumer Goods and Services||22,062.10||-0.3%||12.1%||9.6%|
|Oil & Gas||7,784.37||0.7%||-8.9%||54.2%|
|$ per £||1.28||0.4%||4.1%||-16.3%|
|€ per £||1.09||0.7%||-7.0%||-15.7%|
|¥ per £||140.56||0.7%||-2.7%||-22.7%|
|VIX Index (Volatility)||12.25||7.9%||-12.7%||-22.9%|
|Baltic Dry Index||1,222.00||-2.2%||27.2%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.28%|
|Consumer Price Index||2.60%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.20|
|FTSE All Share Adj P/E||21.31|
|FTSE All Share Yld||3.83%|
|15yr Gilt Yield||1.43%|
|10yr Gilt Yield||1.06%|
|10yr US Tres Yield||2.17%|
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