Investment Market Update
Asian stocks were up as they followed Wall Street's lead and rose sharply on Tuesday, as hopes grew that a trade war between the US and China could be averted.
US stocks were up on Monday as they staged a powerful rebound, surging on signs that recent trade tensions were easing as the Dow Jones Industrial Average notched its third biggest point gain ever.
UK stocks were down on Monday as the pound strengthened sending big cap shares lower, although resource stocks gave some support.
- The US Federal Trade Commission will investigate Facebook over how private data on millions of users was given to Cambridge Analytica. The social network has been criticised for letting the analysis firm scoop up data on 50 million users. The information is believed to have been used to help Donald Trump's 2016 campaign for US president.
- Debt on UK credit cards is growing at the fastest rate since before the financial crisis, figures show. The more regular use of these cards for smaller, contactless purchases explains in part the greater debt being built up over short periods. However, figures from UK Finance show that the annual growth rate in outstanding credit card debt of 8.3% in February was the highest for 12 years.
|FTSE All Share||3,810.81||-0.5%||-9.7%||9.0%|
|FTSE Small Cap||5,575.74||-0.3%||-5.7%||14.9%|
|St. James's Place||1,079.50||-1.1%||-11.9%||20.9%|
|Euro Stoxx 600||363.18||-0.7%||-6.7%||7.7%|
|Dow Jones Ind||24,202.60||2.8%||-2.1%||25.1%|
|MSCI AC Asia Pacific||172.83||0.5%||-0.6%||28.7%|
|MSCI World (Developed)||2,069.13||1.6%||-1.6%||20.1%|
|MSCI AC World (Dev & Em)||506.90||1.5%||-1.2%||21.6%|
|MSCI Emerging Markets||1,182.28||0.9%||2.1%||34.2%|
|MSCI AC World Value||216.26||1.3%||-3.5%||15.2%|
|MSCI AC World Growth||279.68||1.7%||1.0%||28.3%|
|FTSE Gilts All Stocks||3,576.68||0.1%||-0.3%||3.0%|
|FTSE Index Linked All Stocks||640.03||0.0%||-1.2%||2.3%|
|ML Sterling Corporate Bonds||393.09||0.0%||-1.9%||5.7%|
|ML Global High Yield Bonds||377.10||0.2%||-0.1%||9.7%|
|Brent Crude Oil||70.12||-0.5%||6.1%||14.5%|
|Consumer Goods and Services||18,718.45||-0.7%||-16.3%||13.6%|
|Oil & Gas||8,122.24||0.7%||-10.4%||6.0%|
|$ per £||1.41||-0.6%||4.6%||9.5%|
|€ per £||1.14||0.1%||1.6%||-4.0%|
|¥ per £||148.02||-1.0%||-2.8%||5.3%|
|VIX Index (Volatility)||21.03||-15.4%||90.5%||-21.4%|
|Baltic Dry Index||1,126.00||0.4%||-17.6%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.66%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.30|
|FTSE All Share Adj P/E||12.68|
|FTSE All Share Yld||4.25%|
|15yr Gilt Yield||1.65%|
|10yr Gilt Yield||1.44%|
|10yr US Tres Yield||2.85%|
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.