Investment Market Update
Equities fell across Asia as investors took profits after one of the best starts to a year in recent history. Stocks in Japan, Hong Kong and Australia retreated as traders gear up for a hectic week of economic data and the last Federal Reserve policy decision with Janet Yellen at the helm.
US stocks pulled back from record highs with major indices seeing their biggest decline in five months, weighed down by a fall in Apple shares.
UK shares closed slightly higher after being supported by miners, despite a strengthening of sterling after Brexit negotiations once again came into focus.
- David Davis pushed back against the European Union's deadline of getting a Brexit deal done by October, saying the UK wouldn't sign anything until it gets clarity on the future trade deal on offer.
- Governor Mark Carney is getting a helping hand from the currency markets in the Bank of England’s efforts to bring down inflation without harming the economy. The pound has jumped in 2018, leaving it more than 3% higher than the Central Bank’s assumptions in November. This is likely to knock about 0.2% off inflation forecasts over the next two years, according to calculations by Bloomberg Economics.
|FTSE All Share||4,210.51||0.00%||-0.30%||9.00%|
|FTSE Small Cap||5,940.57||-0.20%||0.50%||14.90%|
|St. James's Place||1,213.50||-0.90%||-1.00%||20.90%|
|Euro Stoxx 600||399.8||-0.20%||2.70%||7.70%|
|Dow Jones Ind||26,439.48||-0.70%||7.00%||25.10%|
|MSCI AC Asia Pacific||186.912||-0.20%||7.50%||28.70%|
|MSCI World (Developed)||2,234.22||-0.70%||6.20%||20.10%|
|MSCI AC World (Dev & Em)||546.888||-0.60%||6.60%||21.60%|
|MSCI Emerging Markets||1,267.98||-0.40%||9.50%||34.20%|
|MSCI AC World Value||237.471||-0.60%||6.00%||15.20%|
|MSCI AC World Growth||296.684||-0.60%||7.20%||28.30%|
|FTSE Gilts All Stocks||3,528.35||0.00%||-1.70%||3.00%|
|FTSE Index Linked All Stocks||634.74||0.00%||-2.00%||2.30%|
|ML Sterling Corporate Bonds||399.324||0.00%||-0.40%||5.70%|
|ML Global High Yield Bonds||382.598||-0.20%||1.40%||9.70%|
|Brent Crude Oil||69.46||-1.50%||3.90%||14.50%|
|Consumer Goods and Services||21,520.09||-0.70%||-3.80%||13.60%|
|Oil & Gas||9,152.42||0.30%||1.00%||6.00%|
|$ per £||1.416||0.60%||4.80%||9.50%|
|€ per £||1.1393||0.20%||1.20%||-4.00%|
|¥ per £||153.752||0.20%||1.00%||5.30%|
|VIX Index (Volatility)||13.84||24.90%||25.40%||-21.40%|
|Baltic Dry Index||1,214.00||-0.40%||-11.10%||42.14%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.53%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||20.6401|
|FTSE All Share Adj P/E||20.03403|
|FTSE All Share Yld||3.79%|
|15yr Gilt Yield||1.71%|
|10yr Gilt Yield||1.45%|
|10yr US Tres Yield||2.69%|
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.
Source: FTSE International Limited ("FTSE") © FTSE 2018. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
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.