Investment Market Update
Asian stocks closed mixed on Wednesday as investors digested news related to the US - China trade dispute. Chinese equities were in negative territory as sentiment took a hit on news that the Trump administration intended to propose higher tariffs.
US stocks closed mostly lower Wednesday after the Federal Reserve left interest rates unchanged but signaled another imminent rate increase.
UK Stocks closed lower on Wednesday as investors were put off by disappointing manufacturing figures from China amid trade worries and ahead of tomorrow’s Bank of England rate decision.
- The Bank of England is expected to raise interest rates for only the second time in a decade. Economists and investors expect the Monetary Policy Committee to increase rates from 0.5% to 0.75%. Changes to the Bank rate affect tens of thousands of savings accounts, loans and mortgages.
- Tesla delivered more of its Model 3 cars in the most recent quarter, helping to boost revenues. Elon Musk's electric car company had revenues of $4bn in the three months to June, rising 43% from the same period last year. The growth came as Tesla delivered more than 40,000 cars in the quarter, including about 18,000 Model 3s.
|FTSE All Share||4,208.63||-1.1%||-0.3%||9.0%|
|FTSE Small Cap||5,887.20||0.1%||-0.4%||14.9%|
|St. James's Place||1,165.50||-3.3%||-4.9%||20.9%|
|Euro Stoxx 600||389.84||-0.5%||0.2%||7.7%|
|Dow Jones Ind||25,333.82||-0.3%||2.5%||25.1%|
|MSCI AC Asia Pacific||167.38||0.2%||-3.7%||28.7%|
|MSCI World (Developed)||2,149.36||-0.2%||2.2%||20.1%|
|MSCI AC World (Dev & Em)||518.99||-0.2%||1.2%||21.6%|
|MSCI Emerging Markets||1,086.88||-0.1%||-6.2%||34.2%|
|MSCI AC World Value||218.55||-0.5%||-2.4%||15.2%|
|MSCI AC World Growth||289.80||0.1%||4.7%||28.3%|
|FTSE Gilts All Stocks||3,573.93||-0.5%||-0.4%||3.0%|
|FTSE Index Linked All Stocks||637.69||-0.8%||-1.6%||2.3%|
|ML Sterling Corporate Bonds||393.85||-0.2%||-1.7%||5.7%|
|ML Global High Yield Bonds||376.78||0.0%||-0.2%||9.7%|
|Brent Crude Oil||72.39||-2.5%||12.4%||14.5%|
|Consumer Goods and Services||21,065.46||-0.4%||-5.8%||13.6%|
|Oil & Gas||9,539.05||-1.8%||5.3%||6.0%|
|$ per £||1.31||0.1%||-2.9%||9.5%|
|€ per £||1.12||-0.2%||-0.4%||-4.0%|
|¥ per £||146.76||0.2%||-3.6%||5.3%|
|VIX Index (Volatility)||13.15||2.5%||19.1%||-21.4%|
|Baltic Dry Index||1,760.00||0.7%||28.8%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.48|
|FTSE All Share Adj P/E||12.54|
|FTSE All Share Yld||3.99%|
|15yr Gilt Yield||1.64%|
|10yr Gilt Yield||1.38%|
|10yr US Tres Yield||3.01%|
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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