Investment Market Update
Asian stocks fell in most markets as nations grapple with how to deal with escalating provocations from North Korea. The yen was near its strongest level for the year.
US stocks closed lower, with banks falling sharply as renewed worries about North Korea pushed investors away from equities and towards bonds and other safer investments. Bank of America lost 3.3%, Goldman Sachs shed 3.6%, and JPMorgan Chase was 2.4% lower.
UK stocks fell with the FTSE 100 index closing down 0.5%. Shares in housebuilder Redrow rose 4.3% after the company reported record results for the fourth year in a row.
- Prime Minister Theresa May’s Brexit planning suffered a double blow as a top European Union official doubted that trade talks will start next month and the opposition Labour Party prepared to challenge key legislation.
- South Korean President Moon Jae-in sought to find common ground with Russian counterpart Vladimir Putin to prevent the situation on the Korean peninsula from spinning out of control.
|FTSE All Share||4,044.60||-0.40%||4.40%||12.50%|
|FTSE Small Cap||5,695.40||-0.10%||10.70%||11.00%|
|St. James's Place||1,141.00||-0.60%||16.30%||3.90%|
|Euro Stoxx 600||373.71||-0.10%||3.40%||-1.20%|
|Dow Jones Ind||21,753.31||-1.10%||10.10%||13.40%|
|MSCI AC Asia Pacific||160.5||0.20%||18.80%||2.30%|
|MSCI World (Developed)||1,954.64||-0.40%||11.60%||5.30%|
|MSCI AC World (Dev & Em)||477.16||-0.40%||13.10%||5.60%|
|MSCI Emerging Markets||1,084.93||0.10%||25.80%||8.60%|
|MSCI AC World Value||209.35||-0.50%||7.70%||9.50%|
|MSCI AC World Growth||256.28||-0.30%||18.90%||1.80%|
|FTSE Gilts All Stocks||3,619.98||0.50%||2.70%||8.50%|
|FTSE Index Linked All Stocks||653.92||0.80%||2.70%||21.20%|
|ML Sterling Corporate Bonds||400.83||0.30%||5.10%||10.70%|
|ML Global High Yield Bonds||372.28||0.10%||8.70%||15.00%|
|Brent Crude Oil||53.38||2.00%||-9.20%||23.40%|
|Consumer Goods and Services||22,067.04||-0.60%||12.10%||9.60%|
|Oil & Gas||7,772.10||0.30%||-9.10%||54.20%|
|$ per £||1.29||-0.80%||4.70%||-16.30%|
|€ per £||1.09||-0.60%||-7.40%||-15.70%|
|¥ per £||141.72||0.10%||-1.90%||-22.70%|
|VIX Index (Volatility)||12.23||20.70%||-12.90%||-22.90%|
|Baltic Dry Index||1,215.00||2.40%||26.40%||101.10%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.28%|
|Consumer Price Index||2.60%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.14|
|FTSE All Share Adj P/E||21.3|
|FTSE All Share Yld||3.83%|
|15yr Gilt Yield||1.39%|
|10yr Gilt Yield||1.03%|
|10yr US Tres Yield||2.06%|
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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