Investment Market Update
Asian stocks rose as US corporate earnings reignited investor optimism in economic growth. Asian stocks climbed to the highest level since July 2015.
US stocks hit a new record on Wednesday, with the Dow Jones Industrial Average ending above 20,000 points for the first time. The S&P 500 and tech-heavy Nasdaq also achieved new highs, fuelled by hopes that President Donald Trump's policies will boost the US economy.
UK shares finished higher as markets largely shrugged off Prime Minister Theresa May's announcement that the government would be publishing a White Paper setting out its plans for leaving the EU.
- The number of cars made in the UK reached a 17-year high last year, according to the industry's trade body. About 1.7 million cars rolled off production lines in 2016, a rise of 8.5% on the year before. The Society of Motor Manufacturers and Traders added that exports rose 10.3% to 1.35 million vehicles, a record for the second consecutive year.
- Royal Bank of Scotland has set aside a further $3.8bn to cover fines in the US, the bank has said. The provision is for an expected penalty linked to the bank's role in selling risky mortgages prior to the 2008 financial crisis.
|FTSE All Share||3,887.13||0.2%||0.4%||12.5%|
|FTSE Small Cap||5,238.92||0.2%||1.9%||11.0%|
|St. James's Place||1,093.00||3.1%||7.8%||3.9%|
|Euro Stoxx 600||366.59||1.3%||1.4%||-1.2%|
|Dow Jones Ind||20,068.51||0.8%||1.5%||13.4%|
|MSCI AC Asia Pacific||141.08||0.5%||4.5%||2.3%|
|MSCI World (Developed)||1,805.81||0.9%||3.1%||5.3%|
|MSCI AC World (Dev & Em)||436.17||0.8%||3.4%||5.6%|
|MSCI Emerging Markets||912.16||0.4%||5.8%||8.6%|
|MSCI AC World Value||199.20||0.8%||2.5%||9.5%|
|MSCI AC World Growth||225.05||0.8%||4.4%||1.8%|
|FTSE Gilts All Stocks||3,446.59||-0.8%||-2.2%||8.5%|
|FTSE Index Linked All Stocks||624.61||-1.0%||-1.9%||21.2%|
|ML Sterling Corporate Bonds||376.58||-0.6%||-1.2%||10.7%|
|ML Global High Yield Bonds||348.23||0.2%||1.7%||15.0%|
|Brent Crude Oil||55.08||-0.6%||-3.1%||23.4%|
|Consumer Goods and Services||20,162.36||0.3%||2.4%||9.6%|
|Oil & Gas||8,317.48||0.0%||-2.7%||54.2%|
|$ per £||1.27||0.4%||2.5%||-16.3%|
|€ per £||1.18||0.3%||0.4%||-15.7%|
|¥ per £||143.69||0.3%||-0.6%||-22.7%|
|VIX Index (Volatility)||10.81||-2.3%||-23.0%||-22.9%|
|Baltic Dry Index||862.00||-2.7%||-10.3%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.00%|
|Consumer Price Index||1.60%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.44|
|FTSE All Share Adj P/E||24.61|
|FTSE All Share Yld||3.88%|
|15yr Gilt Yield||1.84%|
|10yr Gilt Yield||1.47%|
|10yr US Tres Yield||2.51%|
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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