Investment Market Update
Asian stocks were mixed in trading thinned by a holiday shortened week. Oil prices breached $60 a barrel for the first time since 2015 after a pipeline blast in Libya.
US stocks closed flat on Friday, with gains in financial stocks offsetting losses in Nike and technology shares. The top loser is Nike, down 4.2% on the news that its quarterly sales fell short of analyst estimates in the US, despite the fact it beat estimates on sales abroad in Europe and China.
UK stocks in the main index closed lower on Friday with the FTSE 100 down 0.2%. Next shares were the biggest riser up 2.8%. Drugs giant GlaxoSmithKline led the fallers with its share price down 1.26%.
- Americans displayed their buying bona fides in the final run-up to Christmas, turning out in force to produce what may be the best holiday shopping season in years.
- Apple Inc. looks like it’s having a not-so Merry Christmas. Analysts lowered iPhone X shipment projections for the first quarter of next year, citing signs of lackluster demand at the end of the holiday shopping season, and the company’s shares fell along with those of some suppliers.
|FTSE All Share||4,170.21||0.0%||7.7%||12.5%|
|FTSE Small Cap||5,848.24||0.0%||13.7%||11.0%|
|St. James's Place||1,202.00||0.0%||18.5%||3.9%|
|Euro Stoxx 600||390.28||0.0%||8.0%||-1.2%|
|Dow Jones Ind||24,746.21||0.0%||25.2%||13.4%|
|MSCI AC Asia Pacific||172.25||-0.2%||27.6%||2.3%|
|MSCI World (Developed)||2,099.31||0.0%||19.9%||5.3%|
|MSCI AC World (Dev & Em)||511.10||-0.1%||21.2%||5.6%|
|MSCI Emerging Markets||1,138.63||-0.2%||32.1%||8.6%|
|MSCI AC World Value||223.21||0.0%||14.8%||9.5%|
|MSCI AC World Growth||275.71||-0.1%||27.9%||1.8%|
|FTSE Gilts All Stocks||3,566.93||0.0%||1.2%||8.5%|
|FTSE Index Linked All Stocks||643.83||0.0%||1.1%||21.2%|
|ML Sterling Corporate Bonds||398.89||0.0%||4.6%||10.7%|
|ML Global High Yield Bonds||376.09||0.1%||9.8%||15.0%|
|Brent Crude Oil||67.02||2.7%||14.3%||23.4%|
|Consumer Goods and Services||22,148.34||0.0%||12.5%||9.6%|
|Oil & Gas||8,950.42||0.0%||4.7%||54.2%|
|$ per £||1.34||-0.1%||8.3%||-16.3%|
|€ per £||1.13||0.3%||-3.6%||-15.7%|
|¥ per £||151.38||-0.1%||4.8%||-22.7%|
|VIX Index (Volatility)||10.25||3.5%||-27.0%||-22.9%|
|Baltic Dry Index||1,366.00||0.0%||#N/A||101.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.00%|
|Consumer Price Index||3.10%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||20.58|
|FTSE All Share Adj P/E||19.97|
|FTSE All Share Yld||3.69%|
|15yr Gilt Yield||1.56%|
|10yr Gilt Yield||1.24%|
|10yr US Tres Yield||2.48%|
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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