Investment Market Update
Asian stocks swung between gains and losses as investors weighed the ongoing risk of a trade dispute between China and the US and the Federal Reserve’s decision to raise rates and flag another hike before the end of the year.
US stocks fell and Treasuries rose after the Federal Reserve signaled it’ll keep raising interest rates even as inflation remains tepid.
UK stocks were mostly flat as investors awaited the US Federal Reserve's monetary policy announcement.
- The US Federal Reserve has raised interest rates again. Officials increased the target for the bank's benchmark rate by 0.25%, to a range of 2%-2.25%. A majority of members also said they expect another rise before the end of the year.
- The International Monetary Fund (IMF) has agreed to provide a bigger, faster bailout to Argentina than initially planned in an effort to restore market confidence in the country. The IMF plans to boost its 36-month financing package to $57.1bn from $50bn announced previously.
|FTSE All Share||4,132.85||0.0%||-2.1%||9.0%|
|FTSE Small Cap||5,829.29||0.0%||-1.4%||14.9%|
|St. James's Place||1,135.00||0.0%||-7.4%||20.9%|
|Euro Stoxx 600||385.04||0.3%||-1.1%||7.7%|
|Dow Jones Ind||26,385.28||-0.4%||6.7%||25.1%|
|MSCI AC Asia Pacific||165.76||0.1%||-4.6%||28.7%|
|MSCI World (Developed)||2,189.31||-0.2%||4.1%||20.1%|
|MSCI AC World (Dev & Em)||525.28||-0.2%||2.4%||21.6%|
|MSCI Emerging Markets||1,046.02||0.4%||-9.7%||34.2%|
|MSCI AC World Value||219.73||-0.3%||-1.9%||15.2%|
|MSCI AC World Growth||295.20||0.0%||6.7%||28.3%|
|FTSE Gilts All Stocks||3,531.90||0.4%||-1.6%||3.0%|
|FTSE Index Linked All Stocks||627.85||0.2%||-3.1%||2.3%|
|ML Sterling Corporate Bonds||392.07||0.2%||-2.2%||5.7%|
|ML Global High Yield Bonds||379.68||0.0%||0.6%||9.7%|
|Brent Crude Oil||81.34||-0.6%||27.1%||14.5%|
|Consumer Goods and Services||19,850.55||0.5%||-11.2%||13.6%|
|Oil & Gas||9,823.52||-0.6%||8.4%||6.0%|
|$ per £||1.32||-0.1%||-2.5%||9.5%|
|€ per £||1.12||-0.2%||-0.6%||-4.0%|
|¥ per £||148.71||-0.1%||-2.3%||5.3%|
|VIX Index (Volatility)||12.89||3.8%||16.8%||-21.4%|
|Baltic Dry Index||1,503.00||3.7%||10.0%||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||12.55|
|FTSE All Share Adj P/E||12.56|
|FTSE All Share Yld||4.07%|
|15yr Gilt Yield||1.74%|
|10yr Gilt Yield||1.59%|
|10yr US Tres Yield||3.05%|
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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