Investment Market Update
Most Asian stock markets followed Wall Street higher, after Federal Reserve Chairman Jerome Powell suggested the pace of US interest rate increases might slow.
US stocks rose, after investors cheered remarks from the Federal Reserve Chairman which they viewed as a sign interest rates might not rise much further. The rally was broad-based and lifted several large companies that had been under pressure lately, including Apple, which climbed 3.9%.
UK stocks ended broadly lower, with housebuilders weighing on the FTSE 100, while the Bank of England revealed the results of its latest stress tests.
- Large parts of the British economy are not ready for a no-deal Brexit, Bank of England governor Mark Carney has said. Fewer than half of businesses have initiated contingency plans, Mr Carney told BBC Radio 4's Today programme. He said the UK would need a transition period to adapt to whatever form of departure from the EU Parliament chose.
- Three online casino companies have been fined and one has been prevented from operating in the UK following a crackdown by the industry regulator. The Gambling Commission has fined three firms almost £14m for not having "effective safeguards" to prevent money laundering and harm to customers from gambling.
|FTSE All Share||3,839.18||-0.2%||-9.1%||9.0%|
|FTSE Small Cap||5,383.29||0.1%||-8.9%||14.9%|
|St. James's Place||1,054.00||-0.7%||-14.0%||20.9%|
|Euro Stoxx 600||357.39||0.0%||-8.2%||7.7%|
|Dow Jones Ind||25,366.43||2.5%||2.6%||25.1%|
|MSCI AC Asia Pacific||152.75||0.7%||-12.1%||28.7%|
|MSCI World (Developed)||2,029.78||1.5%||-3.5%||20.1%|
|MSCI AC World (Dev & Em)||488.22||1.4%||-4.8%||21.6%|
|MSCI Emerging Markets||991.67||1.2%||-14.4%||34.2%|
|MSCI AC World Value||208.78||0.9%||-6.8%||15.2%|
|MSCI AC World Growth||268.56||2.0%||-3.0%||28.3%|
|FTSE Gilts All Stocks||3,539.63||-0.2%||-1.4%||3.0%|
|FTSE Index Linked All Stocks||624.46||-0.5%||-3.6%||2.3%|
|ML Sterling Corporate Bonds||388.23||-0.1%||-3.1%||5.7%|
|ML Global High Yield Bonds||368.26||0.2%||-2.4%||9.7%|
|Brent Crude Oil||58.76||-2.4%||-7.2%||14.5%|
|Consumer Goods and Services||18,361.51||-0.7%||-17.9%||13.6%|
|Oil & Gas||8,722.35||-0.1%||-3.7%||6.0%|
|$ per £||1.27||-0.5%||-5.8%||9.5%|
|€ per £||1.13||0.0%||0.2%||-4.0%|
|¥ per £||144.90||-0.5%||-4.8%||5.3%|
|VIX Index (Volatility)||18.49||-2.8%||67.5%||-21.4%|
|Baltic Dry Index||1,330.00||-0.7%||-2.6%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.89%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.63|
|FTSE All Share Adj P/E||11.62|
|FTSE All Share Yld||4.50%|
|15yr Gilt Yield||1.63%|
|10yr Gilt Yield||1.38%|
|10yr US Tres Yield||3.06%|
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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