Investment Market Update
Asian stocks were mixed on the last trading day of the week, with investors bracing for developments on the trade front as a deadline for tariffs from the U.S. and China to take effect passed on Friday.
US stocks climbed Thursday ahead of a looming tariff deadline as investors weighed economic data and a potential de-escalation of some trade tensions with Europe.
UK stocks closed higher as Wall Street shares were on the up and investors welcomed the suggested news that trade talks are moving in the right direction.
- US tariffs on $34bn (£25.7bn) of Chinese goods have come into effect, signalling the start of an all-out trade battle between the world's two largest economies. The 25% levy came into effect at midnight Washington time. China has retaliated by imposing a 25% tariff on 545 items imported from the US worth a total of $34bn.
- The Bank of England governor now has more confidence in the UK economy, in a speech which could stoke expectations of an interest rate rise in August. Mark Carney said recent data had given him "greater confidence" that weak first-quarter growth "was largely due to the weather". He said household spending and sentiment had "bounced back strongly".
|FTSE All Share||4,180.73||0.3%||-1.0%||9.0%|
|FTSE Small Cap||5,882.66||-0.2%||-0.5%||14.9%|
|St. James's Place||1,167.00||0.3%||-4.8%||20.9%|
|Euro Stoxx 600||381.59||0.4%||-2.0%||7.7%|
|Dow Jones Ind||24,356.74||0.8%||-1.5%||25.1%|
|MSCI AC Asia Pacific||162.60||-0.5%||-6.5%||28.7%|
|MSCI World (Developed)||2,096.19||0.7%||-0.3%||20.1%|
|MSCI AC World (Dev & Em)||505.84||0.6%||-1.4%||21.6%|
|MSCI Emerging Markets||1,054.35||-0.2%||-9.0%||34.2%|
|MSCI AC World Value||212.63||0.6%||-5.1%||15.2%|
|MSCI AC World Growth||282.95||0.6%||2.2%||28.3%|
|FTSE Gilts All Stocks||3,613.17||0.2%||0.7%||3.0%|
|FTSE Index Linked All Stocks||642.33||0.4%||-0.8%||2.3%|
|ML Sterling Corporate Bonds||394.43||0.2%||-1.6%||5.7%|
|ML Global High Yield Bonds||371.99||0.2%||-1.4%||9.7%|
|Brent Crude Oil||77.39||-1.1%||19.5%||14.5%|
|Consumer Goods and Services||20,317.03||-0.3%||-9.1%||13.6%|
|Oil & Gas||9,784.90||0.7%||8.0%||6.0%|
|$ per £||1.32||0.0%||-2.1%||9.5%|
|€ per £||1.13||0.3%||0.7%||-4.0%|
|¥ per £||146.08||-0.1%||-4.0%||5.3%|
|VIX Index (Volatility)||14.97||-7.2%||35.6%||-21.4%|
|Baltic Dry Index||1,612.00||2.9%||18.0%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.70%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.05|
|FTSE All Share Adj P/E||12.99|
|FTSE All Share Yld||4.01%|
|15yr Gilt Yield||1.54%|
|10yr Gilt Yield||1.26%|
|10yr US Tres Yield||2.83%|
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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