Investment Market Update
Asian stocks fell, on signs that escalating trade tensions between the US and China have started impacting economic growth.
US stocks closed higher, after rallying most of the day as concern over lingering trade tensions weighed on investor sentiment.
UK stocks remained on the front foot, despite a stronger pound after UK economic growth in the first quarter of 2018 was higher than expected at 0.2%.
- The UK's economic growth has been revised up for the first quarter of the year after construction data was found to be stronger than earlier estimates. Growth for the three months to March was 0.2%, the Office for National Statistics said, a surprise upgrade from the earlier estimate of 0.1%. The pound jumped as speculation grew about the possibility of an interest rate rise later this year.
- Nearly 22,000 jobs have been hit on the UK's struggling High Streets this year. BBC 5 Live's Wake Up To Money has been tracking shop closures and retail administrations and found that more than 7,000 people have lost their jobs. A further 9,500 roles are due to go through planned shop closures, while 5,100 are in doubt at Poundworld, which is in administration.
|FTSE All Share||4,202.25||0.3%||-0.5%||9.0%|
|FTSE Small Cap||5,876.82||-0.3%||-0.6%||14.9%|
|St. James's Place||1,147.50||0.4%||-6.4%||20.9%|
|Euro Stoxx 600||379.93||0.8%||-2.4%||7.7%|
|Dow Jones Ind||24,271.41||0.2%||-1.8%||25.1%|
|MSCI AC Asia Pacific||166.04||0.9%||-4.5%||28.7%|
|MSCI World (Developed)||2,089.30||0.5%||-0.7%||20.1%|
|MSCI AC World (Dev & Em)||505.20||0.7%||-1.5%||21.6%|
|MSCI Emerging Markets||1,069.52||2.2%||-7.7%||34.2%|
|MSCI AC World Value||212.13||0.6%||-5.3%||15.2%|
|MSCI AC World Growth||282.89||0.7%||2.2%||28.3%|
|FTSE Gilts All Stocks||3,604.12||-0.2%||0.4%||3.0%|
|FTSE Index Linked All Stocks||640.06||0.1%||-1.2%||2.3%|
|ML Sterling Corporate Bonds||393.75||-0.2%||-1.8%||5.7%|
|ML Global High Yield Bonds||371.72||0.2%||-1.5%||9.7%|
|Brent Crude Oil||79.23||2.1%||22.3%||14.5%|
|Consumer Goods and Services||20,217.20||0.0%||-9.6%||13.6%|
|Oil & Gas||9,813.56||-0.6%||8.3%||6.0%|
|$ per £||1.31||-0.5%||-2.8%||9.5%|
|€ per £||1.13||0.4%||0.8%||-4.0%|
|¥ per £||145.01||-0.8%||-4.7%||5.3%|
|VIX Index (Volatility)||16.09||-4.5%||45.7%||-21.4%|
|Baltic Dry Index||1,385.00||4.2%||1.4%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.67%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.10|
|FTSE All Share Adj P/E||13.05|
|FTSE All Share Yld||4.00%|
|15yr Gilt Yield||1.56%|
|10yr Gilt Yield||1.28%|
|10yr US Tres Yield||2.86%|
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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