Investment Market Update
Asian stocks were mixed as the Nikkei 225 finished at the highest point since 1996 and the Topix index advanced for a 12th day, its longest streak since November, as investors looked past the weekend election that delivered Prime Minister Shinzo Abe a convincing victory to an earnings season that Goldman Sachs Group Inc.
US stocks closed lower, with telecommunications, industrial and consumer stocks leading the losses. Shares in toymaker Hasbro fell by more than 8% after it warned that the bankruptcy of Toys R Us might hurt holiday sales.
UK stocks closed flat, as shares in Spire, the UK private hospital chain, jumped 15% after it rejected a bid from South Africa's Mediclinic.
- Donald Trump is on the verge of making a decision that will shape a big part of his economic legacy as president. He has announced he will name the new chair of the US central bank "very shortly". It comes at a key time for the bank as it moves away from emergency interest rates and the huge stimulus package sparked by the financial crisis.
Google’s new flagship smartphones have been hit by complaints about the quality of the screen. Tech reviewers, who have had the device for about two weeks, noticed “burn in” on the display, while others noted “muddy” discolouration on the screen. Google’s new line, the Pixel 2 and Pixel 2 XL, are its attempt to break into the smartphone market dominated by Apple and Samsung.
|FTSE All Share||4,127.45||0.0%||6.6%||12.5%|
|FTSE Small Cap||5,804.58||-0.3%||12.9%||11.0%|
|St. James's Place||1,170.00||-0.5%||19.3%||3.9%|
|Euro Stoxx 600||390.74||0.2%||8.1%||-1.2%|
|Dow Jones Ind||23,273.96||-0.2%||17.8%||13.4%|
|MSCI AC Asia Pacific||167.00||0.1%||23.7%||2.3%|
|MSCI World (Developed)||2,030.06||-0.3%||15.9%||5.3%|
|MSCI AC World (Dev & Em)||495.01||-0.3%||17.3%||5.6%|
|MSCI Emerging Markets||1,115.90||-0.3%||29.4%||8.6%|
|MSCI AC World Value||218.07||-0.3%||12.2%||9.5%|
|MSCI AC World Growth||264.83||-0.3%||22.8%||1.8%|
|FTSE Gilts All Stocks||3,536.70||0.2%||0.3%||8.5%|
|FTSE Index Linked All Stocks||633.50||0.3%||-0.5%||21.2%|
|ML Sterling Corporate Bonds||394.97||0.2%||3.6%||10.7%|
|ML Global High Yield Bonds||376.23||0.0%||9.8%||15.0%|
|Brent Crude Oil||57.37||-0.7%||-2.3%||23.4%|
|Consumer Goods and Services||21,965.98||0.2%||11.6%||9.6%|
|Oil & Gas||8,494.92||0.1%||-0.6%||54.2%|
|$ per £||1.32||-0.1%||6.9%||-16.3%|
|€ per £||1.12||-0.4%||-4.6%||-15.7%|
|¥ per £||149.73||-0.2%||3.6%||-22.7%|
|VIX Index (Volatility)||11.07||11.0%||-21.2%||-22.9%|
|Baltic Dry Index||1,586.00||0.5%||65.0%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.39%|
|Consumer Price Index||3.00%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.34|
|FTSE All Share Adj P/E||21.58|
|FTSE All Share Yld||3.78%|
|15yr Gilt Yield||1.66%|
|10yr Gilt Yield||1.31%|
|10yr US Tres Yield||2.37%|
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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