Investment Market Update
Asian stocks erased gains as a rally in Tokyo faltered and the yen strengthened ahead of President Donald Trump’s address to Congress.
US stocks fluctuated near all-time highs, while the dollar and Treasuries retreated as investors awaited clues on President Donald Trump’s spending priorities.
UK stocks closed higher, but shares in insurance companies slid following a change to how personal injury claims are calculated. The change, made by the Ministry of Justice, is expected to increase payouts to accident victims and affect insurance companies' profits.
- Government departments have been told to find spending cuts of up to 6% as part of plans to save £3.5bn by 2020. Ahead of next week's Budget, the Treasury announced Whitehall would begin coming up with ways to contribute to its "efficiency review".
- More than one home every minute will need to be refurbished in the UK between now and 2050, experts say. A report to Parliament says 25 million existing homes will not meet the insulation standards required by mid-century. The UK needs to cut carbon emissions by 80% by then - and a third of those emissions come from heating draughty buildings.
|FTSE All Share||3,946.27||0.2%||1.9%||12.5%|
|FTSE Small Cap||5,318.55||0.2%||3.4%||11.0%|
|St. James's Place||1,088.00||0.3%||7.3%||3.9%|
|Euro Stoxx 600||369.52||-0.1%||2.2%||-1.2%|
|Dow Jones Ind||20,837.44||0.1%||5.4%||13.4%|
|MSCI AC Asia Pacific||145.07||-0.5%||7.4%||2.3%|
|MSCI World (Developed)||1,841.57||0.0%||5.2%||5.3%|
|MSCI AC World (Dev & Em)||445.33||0.0%||5.6%||5.6%|
|MSCI Emerging Markets||940.32||-0.3%||9.1%||8.6%|
|MSCI AC World Value||202.09||-0.1%||4.0%||9.5%|
|MSCI AC World Growth||231.30||0.1%||7.3%||1.8%|
|FTSE Gilts All Stocks||3,559.52||0.0%||1.0%||8.5%|
|FTSE Index Linked All Stocks||642.62||0.1%||0.9%||21.2%|
|ML Sterling Corporate Bonds||386.82||0.1%||1.5%||10.7%|
|ML Global High Yield Bonds||352.72||0.2%||3.0%||15.0%|
|Brent Crude Oil||55.93||-0.1%||-2.7%||23.4%|
|Consumer Goods and Services||21,421.20||0.3%||8.8%||9.6%|
|Oil & Gas||7,793.19||0.5%||-8.8%||54.2%|
|$ per £||1.24||-0.5%||0.5%||-16.3%|
|€ per £||1.18||0.4%||0.6%||-15.7%|
|¥ per £||139.20||-0.5%||-3.7%||-22.7%|
|VIX Index (Volatility)||11.93||4.0%||-15.0%||-22.9%|
|Baltic Dry Index||878.00||0.3%||-8.6%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.35%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.09|
|FTSE All Share Adj P/E||24.84|
|FTSE All Share Yld||3.86%|
|15yr Gilt Yield||1.51%|
|10yr Gilt Yield||1.15%|
|10yr US Tres Yield||2.36%|
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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