Investment Market Update
Asian stocks were mixed on Friday after the news on US tariffs on imports. Shares in Japan rose, while Korean equities outperformed on better than expected export data. Australian stocks lagged alongside Chinese and Hong Kong shares.
US stocks were mainly lower on Thursday after the United States said it was moving ahead with tariffs on aluminium and steel imports from the EU, Mexico and Canada, potentially setting the stage for a trade war with some of America’s top allies.
UK stocks were mostly down on Thursday as investors digested the news on US tariffs. Elsewhere Bank of Georgia's stock rose revealing it had been recognised as the best Sub-Custodian Bank in Georgia, while in contrast fellow FTSE 250 constituent Card Factory fell significantly after a fiscal first quarter trading update.
- Barclays is tightening its lending criteria to a UK economy that is lagging behind the rest of the world. Chief executive Jes Staley says Brexit uncertainty was helping to stunt economic growth and that was something the bank could not ignore.
- The race to lead America's self-driving car market moved up a gear with General Motors and Fiat Chrysler announcing major deals. Japan's Softbank is putting $2.25bn (£1.7bn) into GM's autonomous unit Cruise, one of the biggest single investments in self-driving technology. Google-owned Waymo is buying up to 62,000 Fiat Chrysler minivans for its autonomous fleet.
|FTSE All Share||4,226.47||0.6%||0.1%||9.0%|
|FTSE Small Cap||5,926.55||-0.3%||0.2%||14.9%|
|St. James's Place||1,178.00||0.7%||-3.9%||20.9%|
|Euro Stoxx 600||385.49||0.3%||-0.9%||7.7%|
|Dow Jones Ind||24,667.78||1.3%||-0.2%||25.1%|
|MSCI AC Asia Pacific||170.61||-1.4%||-1.8%||28.7%|
|MSCI World (Developed)||2,100.42||0.8%||-0.1%||20.1%|
|MSCI AC World (Dev & Em)||509.96||0.6%||-0.6%||21.6%|
|MSCI Emerging Markets||1,112.75||-1.2%||-3.9%||34.2%|
|MSCI AC World Value||214.98||0.7%||-4.0%||15.2%|
|MSCI AC World Growth||284.49||0.5%||2.8%||28.3%|
|FTSE Gilts All Stocks||3,623.20||0.2%||1.0%||3.0%|
|FTSE Index Linked All Stocks||641.13||0.6%||-1.0%||2.3%|
|ML Sterling Corporate Bonds||394.86||0.1%||-1.5%||5.7%|
|ML Global High Yield Bonds||371.72||0.1%||-1.5%||9.7%|
|Brent Crude Oil||77.50||2.8%||18.4%||14.5%|
|Consumer Goods and Services||20,234.81||0.2%||-9.5%||13.6%|
|Oil & Gas||9,746.45||2.6%||7.6%||6.0%|
|$ per £||1.32||-0.4%||-2.0%||9.5%|
|€ per £||1.15||0.6%||1.9%||-4.0%|
|¥ per £||144.05||-0.5%||-5.4%||5.3%|
|VIX Index (Volatility)||14.94||-12.2%||35.3%||-21.4%|
|Baltic Dry Index||1,042.00||-1.4%||-23.7%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.61%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.16|
|FTSE All Share Adj P/E||13.56|
|FTSE All Share Yld||3.96%|
|15yr Gilt Yield||1.56%|
|10yr Gilt Yield||1.26%|
|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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