Investment Market Update
Asian stocks were mixed after four consecutive sessions of gains as investors assessed news on global political tensions.
US stocks rose to new records amid a broad rally in technology shares, as investors speculated the Trump administration will make progress this week on trade spats.
UK stocks fell, under pressure from a bounce in the pound on the back of remarks from the European Union’s chief negotiator Michel Barnier, who offered Britain close ties after Brexit.
- The US economy grew at a faster pace than initially thought in the second quarter, according to revised figures. The Commerce Department's second estimate for the April-June period put growth at an annualised 4.2%, slightly up from the previous figure of 4.1%. It was the best quarterly figure for nearly four years and put the economy on track to hit Donald Trump's goal of 3% annual growth.
- Argentina's government has unexpectedly asked for the early release of a $50bn (£37.2bn) loan from the IMF amid a growing economic crisis. President Mauricio Macri said the move was designed to restore confidence in the Argentine economy.
|FTSE All Share||4,166.60||-0.7%||-1.3%||9.0%|
|FTSE Small Cap||5,877.97||-0.1%||-0.6%||14.9%|
|St. James's Place||1,154.00||-0.9%||-5.9%||20.9%|
|Euro Stoxx 600||386.58||0.3%||-0.7%||7.7%|
|Dow Jones Ind||26,124.57||0.2%||5.7%||25.1%|
|MSCI AC Asia Pacific||166.51||0.1%||-4.2%||28.7%|
|MSCI World (Developed)||2,190.75||0.4%||4.2%||20.1%|
|MSCI AC World (Dev & Em)||526.94||0.3%||2.7%||21.6%|
|MSCI Emerging Markets||1,070.53||0.0%||-7.6%||34.2%|
|MSCI AC World Value||219.41||0.1%||-2.1%||15.2%|
|MSCI AC World Growth||297.43||0.5%||7.5%||28.3%|
|FTSE Gilts All Stocks||3,578.57||-0.4%||-0.3%||3.0%|
|FTSE Index Linked All Stocks||636.24||-0.9%||-1.8%||2.3%|
|ML Sterling Corporate Bonds||395.56||-0.3%||-1.3%||5.7%|
|ML Global High Yield Bonds||377.09||0.0%||-0.1%||9.7%|
|Brent Crude Oil||77.14||1.6%||19.8%||14.5%|
|Consumer Goods and Services||20,499.07||-0.8%||-8.3%||13.6%|
|Oil & Gas||9,417.22||-1.0%||3.9%||6.0%|
|$ per £||1.29||-0.9%||-4.6%||9.5%|
|€ per £||1.10||-1.0%||-2.3%||-4.0%|
|¥ per £||143.17||-1.5%||-6.0%||5.3%|
|VIX Index (Volatility)||12.25||-2.0%||11.0%||-21.4%|
|Baltic Dry Index||1,661.00||-1.4%||21.6%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.81%|
|Consumer Price Index||2.50%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.54|
|FTSE All Share Adj P/E||12.58|
|FTSE All Share Yld||4.10%|
|15yr Gilt Yield||1.62%|
|10yr Gilt Yield||1.49%|
|10yr US Tres Yield||2.88%|
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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