Investment Market Update
Asian stocks rose with US futures on the last day of 2018 after US President Donald Trump reported “big progress” in trade talks with his Chinese counterpart.
US stocks were mixed on Friday after a choppy trading session that bounced between gains and losses. The moves marked a relatively calm end to a wild week of trade, in which US indexes rallied sharply after falling steeply on Monday.
UK stocks finished higher, enojying its biggest one-day rise since April as European markets ended a rollercoaster week on a positive note.
- Concerns have been raised over the readiness of a British firm contracted by the government to run extra ferries in the event of a no-deal Brexit. Seaborne Freight was awarded a £13.8m contract this week to run a freight service between Ramsgate and Ostend. The firm has never run a ferry service and a local councillor said it would be impossible to launch before Brexit.
- Italy's parliament has approved a revised budget for 2019, amid opposition complaints that it was dictated by the EU. The country's populist government had originally vowed to push through costly campaign promises including a universal basic income. But in October, the European Commission raised concerns about the impact of such spending on Italy's debt levels.
|FTSE All Share||3,675.27||2.2%||-12.9%||9.0%|
|FTSE Small Cap||5,132.50||0.9%||-13.2%||14.9%|
|St. James's Place||943.60||3.2%||-23.0%||20.9%|
|Euro Stoxx 600||336.23||2.0%||-13.6%||7.7%|
|Dow Jones Ind||23,062.40||-0.3%||-6.7%||25.1%|
|MSCI AC Asia Pacific||146.03||0.4%||-16.0%||28.7%|
|MSCI World (Developed)||1,870.80||0.5%||-11.1%||20.1%|
|MSCI AC World (Dev & Em)||452.69||0.5%||-11.8%||21.6%|
|MSCI Emerging Markets||962.63||1.1%||-16.9%||34.2%|
|MSCI AC World Value||193.20||0.6%||-13.8%||15.2%|
|MSCI AC World Growth||249.52||0.5%||-9.9%||28.3%|
|FTSE Gilts All Stocks||3,617.52||0.3%||0.8%||3.0%|
|FTSE Index Linked All Stocks||650.44||0.5%||0.4%||2.3%|
|ML Sterling Corporate Bonds||392.26||0.2%||-2.1%||5.7%|
|ML Global High Yield Bonds||364.39||0.3%||-3.4%||9.7%|
|Brent Crude Oil||53.21||0.9%||-15.0%||14.5%|
|Consumer Goods and Services||17,546.04||2.0%||-21.5%||13.6%|
|Oil & Gas||8,475.79||2.8%||-6.4%||6.0%|
|$ per £||1.26||-0.5%||-6.5%||9.5%|
|€ per £||1.11||-0.4%||-1.9%||-4.0%|
|¥ per £||139.83||-0.2%||-8.1%||5.3%|
|VIX Index (Volatility)||28.34||-5.4%||156.7%||-21.4%|
|Baltic Dry Index||1,271.00||0.0%||#N/A||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.90%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.23|
|FTSE All Share Adj P/E||11.41|
|FTSE All Share Yld||4.82%|
|15yr Gilt Yield||1.49%|
|10yr Gilt Yield||1.27%|
|10yr US Tres Yield||2.72%|
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.