Investment Market Update
Asian stocks fell after the Federal Reserve gave investors little fodder to change their views on the pace of US interest rate hikes.
US stocks fluctuated before ending flat after the Federal Reserve’s decision to maintain interest rates and a report showed companies last month added the most workers to payrolls since June.
UK stocks edged slightly higher after data showed the UK economy grew 0.6% in the final three months of 2016. Talk Talk was the biggest winner after chief executive Dido Harding announced she would be stepping down. Shares in the telecoms group closed 7.6% higher..
- Like everyone trying to figure out where the US economy is heading, the Federal Reserve is waiting to see what the whirlwind of executive orders and remarks from President Donald Trump mean for growth as they weigh the timing of the next interest rate hike. US central bankers left their benchmark lending rate unchanged and used their statement to acknowledge that sentiment has gained, and that inflation will rise to their 2% target even with “gradual” adjustments in interest rates.
- Smaller manufacturers are warning of increasing price pressures as the collapse in the pound since Britain voted to leave the European Union drives up the cost of raw materials. Costs built at the quickest pace since 2011 in the three months through January, prompting factories to raise their expectations for output-price inflation to the highest level in more than two decades, the Confederation of British Industry said.
|FTSE All Share||3,865.66||0.2%||-0.2%||12.5%|
|FTSE Small Cap||5,227.26||0.4%||1.6%||11.0%|
|St. James's Place||1,078.00||0.7%||6.3%||3.9%|
|Euro Stoxx 600||363.20||0.9%||0.5%||-1.2%|
|Dow Jones Ind||19,890.94||0.1%||0.6%||13.4%|
|MSCI AC Asia Pacific||141.73||0.0%||5.0%||2.3%|
|MSCI World (Developed)||1,793.39||0.1%||2.4%||5.3%|
|MSCI AC World (Dev & Em)||433.53||0.1%||2.8%||5.6%|
|MSCI Emerging Markets||913.00||0.4%||5.9%||8.6%|
|MSCI AC World Value||197.37||0.0%||1.5%||9.5%|
|MSCI AC World Growth||224.43||0.2%||4.1%||1.8%|
|FTSE Gilts All Stocks||3,446.18||-0.5%||-2.2%||8.5%|
|FTSE Index Linked All Stocks||633.95||-0.5%||-0.4%||21.2%|
|ML Sterling Corporate Bonds||376.25||-0.4%||-1.3%||10.7%|
|ML Global High Yield Bonds||349.02||0.0%||1.9%||15.0%|
|Brent Crude Oil||56.80||2.2%||-1.2%||23.4%|
|Consumer Goods and Services||20,128.13||-0.2%||2.3%||9.6%|
|Oil & Gas||8,061.34||-0.3%||-5.7%||54.2%|
|$ per £||1.27||0.3%||2.7%||-16.3%|
|€ per £||1.17||0.0%||0.1%||-15.7%|
|¥ per £||142.88||-0.3%||-1.1%||-22.7%|
|VIX Index (Volatility)||11.81||-1.5%||-15.9%||-22.9%|
|Baltic Dry Index||786.00||-1.8%||-18.2%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.00%|
|Consumer Price Index||1.60%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.33|
|FTSE All Share Adj P/E||24.54|
|FTSE All Share Yld||3.90%|
|15yr Gilt Yield||1.83%|
|10yr Gilt Yield||1.45%|
|10yr US Tres Yield||2.47%|
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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