Investment Market Update
Asian stocks fell from a four-month high on concern about rising global trade and geopolitical risks after US President Donald Trump imposed a travel ban on people from seven predominantly Muslim nations.
US stocks were mixed on Friday as benchmark indexes slipped from records reached earlier in the week and data showed economic growth slowed more than forecast last quarter.
UK shares finished higher as shares in supermarket giant Tesco led the way after it agreed to buy food wholesaler Booker Group.
- The US economy grew at an annual pace of 1.9% in the fourth quarter of last year, according to official figures. That was slower than the 2.2% growth rate economists had been expecting and below third quarter growth of 3.5%. For the year, GDP rose by 1.6%, the slowest since 2011 and down on 2015 when the world's largest economy expanded by 2.6%.
- Volkswagen has overtaken Toyota to become the world's best-selling carmaker, the first time the German company has held the position. Japan's Toyota, which had topped sales for the past four years, sold 10.175 million vehicles globally in 2016, falling short of the 10.31 million sales which VW reported last week.
|FTSE All Share||3,897.49||0.3%||0.6%||12.5%|
|FTSE Small Cap||5,225.47||-0.2%||1.6%||11.0%|
|St. James's Place||1,083.00||0.9%||6.8%||3.9%|
|Euro Stoxx 600||366.38||-0.3%||1.4%||-1.2%|
|Dow Jones Ind||20,093.78||0.0%||1.7%||13.4%|
|MSCI AC Asia Pacific||142.06||0.1%||5.2%||2.3%|
|MSCI World (Developed)||1,803.39||0.0%||3.0%||5.3%|
|MSCI AC World (Dev & Em)||435.84||0.0%||3.3%||5.6%|
|MSCI Emerging Markets||915.92||-0.1%||6.2%||8.6%|
|MSCI AC World Value||198.90||-0.1%||2.3%||9.5%|
|MSCI AC World Growth||225.06||0.0%||4.4%||1.8%|
|FTSE Gilts All Stocks||3,443.10||0.4%||-2.3%||8.5%|
|FTSE Index Linked All Stocks||626.26||0.5%||-1.6%||21.2%|
|ML Sterling Corporate Bonds||376.24||0.3%||-1.3%||10.7%|
|ML Global High Yield Bonds||348.51||0.1%||1.8%||15.0%|
|Brent Crude Oil||55.52||-1.3%||-2.3%||23.4%|
|Consumer Goods and Services||20,318.68||0.5%||3.2%||9.6%|
|Oil & Gas||8,281.16||0.1%||-3.1%||54.2%|
|$ per £||1.26||0.1%||1.8%||-16.3%|
|€ per £||1.17||-0.1%||-0.1%||-15.7%|
|¥ per £||143.98||-0.3%||-0.4%||-22.7%|
|VIX Index (Volatility)||10.58||-0.5%||-24.6%||-22.9%|
|Baltic Dry Index||827.00||-1.5%||-13.9%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.36%|
|Consumer Price Index||1.60%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.60|
|FTSE All Share Adj P/E||24.73|
|FTSE All Share Yld||3.87%|
|15yr Gilt Yield||1.84%|
|10yr Gilt Yield||1.47%|
|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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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.