Investment Market Update
Asian stocks were mixed on the final trading day of the month as President Donald Trump’s plans to impose new tariffs on China and renewed turmoil in emerging markets weighed on investor sentiment.
US stocks closed lower after a Bloomberg report suggested President Trump was backing plans to move ahead with tariffs on $200 billion in Chinese imports as early as next week.
UK stocks closed down following a fall in emerging market currencies, and continued uncertainty about US-China trade tensions.
- Coca-Cola is to buy the Costa coffee chain for £3.9bn, after owner Whitbread demerged it earlier this year. Whitbread said its board had unanimously approved the deal as being in the best interests of shareholders. Whitbread chief executive Alison Brittain said the deal would combine the Costa brand with Coca-Cola's global scale, product and distribution capabilities.
- DIY retailer Homebase faces a make-or-break vote on its future on Friday as it teeters on the brink of collapse. The chain - where 70% of outlets are losing money - has proposed closing 42 stores and cutting rents on others as part of a rescue plan. But some landlords plan to vote against the deal, or Company Voluntary Arrangement, saying it penalises them.
|FTSE All Share||4,143.65||-0.6%||-1.9%||9.0%|
|FTSE Small Cap||5,853.90||-0.4%||-1.0%||14.9%|
|St. James's Place||1,132.00||-1.9%||-7.7%||20.9%|
|Euro Stoxx 600||385.36||-0.3%||-1.0%||7.7%|
|Dow Jones Ind||25,986.92||-0.5%||5.1%||25.1%|
|MSCI AC Asia Pacific||166.05||-0.3%||-4.5%||28.7%|
|MSCI World (Developed)||2,181.56||-0.4%||3.7%||20.1%|
|MSCI AC World (Dev & Em)||524.28||-0.5%||2.2%||21.6%|
|MSCI Emerging Markets||1,057.84||-1.2%||-8.7%||34.2%|
|MSCI AC World Value||218.06||-0.6%||-2.7%||15.2%|
|MSCI AC World Growth||296.23||-0.4%||7.0%||28.3%|
|FTSE Gilts All Stocks||3,589.68||0.3%||0.0%||3.0%|
|FTSE Index Linked All Stocks||637.61||0.2%||-1.6%||2.3%|
|ML Sterling Corporate Bonds||396.36||0.2%||-1.1%||5.7%|
|ML Global High Yield Bonds||376.61||-0.1%||-0.2%||9.7%|
|Brent Crude Oil||77.77||0.8%||20.8%||14.5%|
|Consumer Goods and Services||20,366.06||-0.6%||-8.9%||13.6%|
|Oil & Gas||9,450.66||0.4%||4.3%||6.0%|
|$ per £||1.30||0.0%||-3.8%||9.5%|
|€ per £||1.11||-0.4%||-1.3%||-4.0%|
|¥ per £||145.33||0.4%||-4.5%||5.3%|
|VIX Index (Volatility)||13.53||10.4%||22.6%||-21.4%|
|Baltic Dry Index||1,614.00||-2.8%||18.2%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.50%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.47|
|FTSE All Share Adj P/E||12.52|
|FTSE All Share Yld||4.11%|
|15yr Gilt Yield||1.59%|
|10yr Gilt Yield||1.45%|
|10yr US Tres Yield||2.85%|
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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