Investment Market Update
Asian stocks drifted mostly higher Friday in quiet trading as traders and investors prepared for the start of the lunar new year holiday across much of the region.
US stocks were little changed, with benchmark indices trading around all-time highs, as investors watched corporate earnings and economic reports to gauge whether the latest rally is justified.
UK stocks were little changed on Thursday, as earning updates provided a mixed picture with Diageo performing strongly after positive sales data but Daily Mail and Unilever hit by disappointing numbers.
- Tesco has agreed to buy the UK’s biggest food wholesaler, Booker Group, in £3.7bn deal. The companies said the deal would create the "UK's leading food business". The joint announcement from the firms also said it would bring benefits for "consumers, independent retailers, caterers, small businesses, suppliers, and colleagues, as well as delivering significant value to shareholders".
- Strong consumer spending helped the UK's economy to grow faster than expected at the end of last year. The economy grew by 0.6% in the October-to-December period, the same rate as in the previous two quarters, according to an initial estimate from the Office for National Statistics.
|FTSE All Share||3,886.07||0.0%||0.3%||12.5%|
|FTSE Small Cap||5,235.62||-0.1%||1.8%||11.0%|
|St. James's Place||1,073.00||-1.8%||5.8%||3.9%|
|Euro Stoxx 600||367.50||0.2%||1.7%||-1.2%|
|Dow Jones Ind||20,100.91||0.2%||1.7%||13.4%|
|MSCI AC Asia Pacific||141.88||0.6%||5.1%||2.3%|
|MSCI World (Developed)||1,803.75||-0.1%||3.0%||5.3%|
|MSCI AC World (Dev & Em)||435.96||0.0%||3.3%||5.6%|
|MSCI Emerging Markets||916.73||0.5%||6.3%||8.6%|
|MSCI AC World Value||199.04||-0.1%||2.4%||9.5%|
|MSCI AC World Growth||225.01||0.0%||4.4%||1.8%|
|FTSE Gilts All Stocks||3,431.02||-0.5%||-2.7%||8.5%|
|FTSE Index Linked All Stocks||623.18||-0.2%||-2.1%||21.2%|
|ML Sterling Corporate Bonds||375.19||-0.4%||-1.6%||10.7%|
|ML Global High Yield Bonds||348.05||-0.1%||1.6%||15.0%|
|Brent Crude Oil||56.24||2.1%||-1.0%||23.4%|
|Consumer Goods and Services||20,216.68||0.3%||2.7%||9.6%|
|Oil & Gas||8,270.77||-0.6%||-3.2%||54.2%|
|$ per £||1.25||-0.4%||1.6%||-16.3%|
|€ per £||1.18||-0.2%||0.2%||-15.7%|
|¥ per £||144.40||0.1%||-0.1%||-22.7%|
|VIX Index (Volatility)||10.63||-1.7%||-24.3%||-22.9%|
|Baltic Dry Index||840.00||-2.6%||-12.6%||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||27.26|
|FTSE All Share Adj P/E||24.49|
|FTSE All Share Yld||3.89%|
|15yr Gilt Yield||1.89%|
|10yr Gilt Yield||1.52%|
|10yr US Tres Yield||2.50%|
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.