Investment Market Update
Asian shares fell, weighed down by a plunge in high-flying tech shares on fears that a long boom in micro-chips may have peaked.
US strocks were varied as the Nasdaq posted its steepest decline in more than three months on Wednesday as investors dumped the high priced technology shares. Financial and telecoms firms gained, boosting the Dow and leaving the S&P 500 little changed.
UK stocks were mixed on Wednesday hurt by the rising value of the pound reducing the value of sales made overseas. Meanwhile Shares in Cineworld closed 19.8% lower after it confirmed it is in advanced talks to buy US cinema chain Regal.Europe's second biggest cinema group said it would fund the deal with debt and a rights issue.
- The UK's banks could cope if Britain leaves the European Union in a disorderly Brexit in 2019, the Bank of England has said. For the first time since the financial crisis, all of the UK's biggest lenders have passed the Bank's stress tests. The tests of adverse economic scenarios discover if the banks could continue to lend money to support the UK economy.
- Apple has said it is working to fix a serious bug within its Mac operating system. The flaw in MacOS High Sierra, the most recent version, makes it possible to gain entry to the machine without a password, and also have access to powerful administrator rights.
|FTSE All Share||4,066.92||-0.7%||5.0%||12.5%|
|FTSE Small Cap||5,777.04||0.1%||12.3%||11.0%|
|St. James's Place||1,212.00||0.5%||19.5%||3.9%|
|Euro Stoxx 600||387.96||0.2%||7.3%||-1.2%|
|Dow Jones Ind||23,940.68||0.4%||21.1%||13.4%|
|MSCI AC Asia Pacific||171.85||-0.1%||27.3%||2.3%|
|MSCI World (Developed)||2,066.22||0.0%||18.0%||5.3%|
|MSCI AC World (Dev & Em)||504.12||-0.1%||19.5%||5.6%|
|MSCI Emerging Markets||1,141.38||-0.4%||32.4%||8.6%|
|MSCI AC World Value||220.02||0.5%||13.2%||9.5%|
|MSCI AC World Growth||272.12||-0.6%||26.2%||1.8%|
|FTSE Gilts All Stocks||3,531.20||-0.9%||0.2%||8.5%|
|FTSE Index Linked All Stocks||636.18||-1.8%||-0.1%||21.2%|
|ML Sterling Corporate Bonds||394.03||-0.6%||3.4%||10.7%|
|ML Global High Yield Bonds||375.72||0.0%||9.7%||15.0%|
|Brent Crude Oil||63.11||-0.8%||7.6%||23.4%|
|Consumer Goods and Services||21,597.76||-2.0%||9.7%||9.6%|
|Oil & Gas||8,635.63||-1.5%||1.0%||54.2%|
|$ per £||1.33||-0.7%||8.0%||-16.3%|
|€ per £||1.12||-0.9%||-4.3%||-15.7%|
|¥ per £||148.30||-1.3%||2.6%||-22.7%|
|VIX Index (Volatility)||10.70||6.7%||-23.8%||-22.9%|
|Baltic Dry Index||1,536.00||2.0%||59.8%||101.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.52%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.00%|
|Yields / Ratios|
|FTSE 100 Adj P/E||19.95|
|FTSE All Share Adj P/E||19.46|
|FTSE All Share Yld||3.81%|
|15yr Gilt Yield||1.65%|
|10yr Gilt Yield||1.34%|
|10yr US Tres Yield||2.39%|
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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