Investment Market Update
Asian stocks were mixed after China called off planned trade talks with US officials, potentially triggering an escalation in the protracted tariff war between the world’s two biggest economies.
US stocks closed slightly lower with the S&P 500 falling 0.04% as trade tensions unnerved investors.
UK stocks closed higher as the pound came under fresh selling pressure after Theresa May warned EU leaders to come up with new alternatives to her Brexit proposals. A falling pound typically boosts FTSE 100 firms, which make around 70% of total earnings from overseas.
- European Central Bank officials are starting to discuss priming investors for the euro area’s first interest rate increase since 2011, a conversation that could see them putting the US experience of three years ago under the microscope.
- Theresa May’s fiercest critics will spell their Brexit demands today, just as the embattled Conservative leader heads into a potential showdown with her top ministers.
|FTSE All Share||4,128.58||1.4%||-2.2%||9.0%|
|FTSE Small Cap||5,835.92||0.5%||-1.3%||14.9%|
|St. James's Place||1,142.50||0.4%||-6.8%||20.9%|
|Euro Stoxx 600||384.29||0.4%||-1.3%||7.7%|
|Dow Jones Ind||26,743.50||0.3%||8.2%||25.1%|
|MSCI AC Asia Pacific||166.20||1.1%||-4.4%||28.7%|
|MSCI World (Developed)||2,200.01||0.2%||4.6%||20.1%|
|MSCI AC World (Dev & Em)||527.86||0.3%||2.9%||21.6%|
|MSCI Emerging Markets||1,051.44||1.4%||-9.2%||34.2%|
|MSCI AC World Value||222.11||0.5%||-0.9%||15.2%|
|MSCI AC World Growth||294.99||0.1%||6.6%||28.3%|
|FTSE Gilts All Stocks||3,549.01||0.4%||-1.1%||3.0%|
|FTSE Index Linked All Stocks||631.86||0.9%||-2.5%||2.3%|
|ML Sterling Corporate Bonds||393.49||0.3%||-1.8%||5.7%|
|ML Global High Yield Bonds||379.41||0.1%||0.5%||9.7%|
|Brent Crude Oil||78.80||0.1%||23.1%||14.5%|
|Consumer Goods and Services||20,005.11||1.4%||-10.5%||13.6%|
|Oil & Gas||9,559.49||2.2%||5.5%||6.0%|
|$ per £||1.32||1.3%||-2.0%||9.5%|
|€ per £||1.13||1.2%||0.0%||-4.0%|
|¥ per £||148.99||1.2%||-2.1%||5.3%|
|VIX Index (Volatility)||11.68||-1.0%||5.8%||-21.4%|
|Baltic Dry Index||1,413.00||1.2%||3.4%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.52|
|FTSE All Share Adj P/E||12.55|
|FTSE All Share Yld||4.13%|
|15yr Gilt Yield||1.69%|
|10yr Gilt Yield||1.55%|
|10yr US Tres Yield||3.06%|
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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