Investment Market Update
Asian stocks in Japan and Hong Kong retreated as geopolitical concerns intensified and investors assessed corporate earnings.
US stocks were mixed with the tech focused Nasdaq index closing at a record high ahead of earnings reports from Amazon and other technology giants.The other main indexes closed broadly flat as weakness in oil prices hit petroleum linked equities.
UK stocks closed lower after weak oil and commodity prices weighed on the index. Miners BHP Billiton, Fresnillo and Glencore were among the worst performers down 4.75%, 3.82% and 3.15% respectively.
- UBS Group AG fees from wealth management helped drive an 80% rise in first-quarter profit, with clients also adding billions of francs in new money. Net income rose to 1.27 billion Swiss francs from 707 million a year earlier, beating analysts estimates.
- UK Prime Minister Theresa May’s call for a snap election has done little to inspire confidence among portfolio managers on the pound’s prospects. That’s in contrast to how markets initially reacted to the plan, with the pound rallying on the news and some analysts reconsidering their bearish calls on the currency on hopes for a smoother exit from the European Union.
|FTSE All Share||3,977.34||-0.6%||2.7%||12.5%|
|FTSE Small Cap||5,513.39||-0.4%||7.2%||11.0%|
|St. James's Place||1,139.00||0.7%||14.6%||3.9%|
|Euro Stoxx 600||387.79||-0.2%||7.3%||-1.2%|
|Dow Jones Ind||20,981.33||0.0%||6.2%||13.4%|
|MSCI AC Asia Pacific||149.41||0.1%||10.6%||2.3%|
|MSCI World (Developed)||1,881.14||-0.1%||7.4%||5.3%|
|MSCI AC World (Dev & Em)||455.88||-0.1%||8.1%||5.6%|
|MSCI Emerging Markets||979.66||-0.3%||13.6%||8.6%|
|MSCI AC World Value||203.96||-0.4%||4.9%||9.5%|
|MSCI AC World Growth||240.21||0.2%||11.4%||1.8%|
|FTSE Gilts All Stocks||3,590.72||0.1%||1.9%||8.5%|
|FTSE Index Linked All Stocks||651.62||-0.3%||2.3%||21.2%|
|ML Sterling Corporate Bonds||391.09||0.1%||2.6%||10.7%|
|ML Global High Yield Bonds||357.89||0.0%||4.5%||15.0%|
|Brent Crude Oil||51.44||-0.7%||-12.0%||23.4%|
|Consumer Goods and Services||21,969.75||-0.6%||11.6%||9.6%|
|Oil & Gas||7,517.19||-2.1%||-12.1%||54.2%|
|$ per £||1.28||-0.5%||4.0%||-16.3%|
|€ per £||1.18||-0.5%||0.6%||-15.7%|
|¥ per £||143.34||-0.2%||-0.8%||-22.7%|
|VIX Index (Volatility)||10.36||-4.5%||-26.2%||-22.9%|
|Baltic Dry Index||1,134.00||-1.1%||18.0%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.32%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||25.92|
|FTSE All Share Adj P/E||24.31|
|FTSE All Share Yld||3.87%|
|15yr Gilt Yield||1.46%|
|10yr Gilt Yield||1.06%|
|10yr US Tres Yield||2.29%|
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.