Investment Market Update
Asian stock markets rose on Thursday following a rally on Wall Street as remarks by a European Central Bank board member eased worries about the new Italian government's spending plans.
US stocks rallied for their fourth gain in a row Wednesday as banks climbed along with bond yields. On Wall Street there were signs investors were getting a bit less nervous about trade tensions.
UK stocks ended slightly up, as fears over a potentially contentious G7 summit later this week dampened gains in mining stocks.
- The collapse of construction giant Carillion will cost UK taxpayers an estimated £148m, the National Audit Office has said. There will also be wider costs to the economy, Carillion's customers, staff, the supply chain and creditors, the NAO said in a report.
- Landlords have called for a government review as more struggling retailers ask for rent reductions. The British Property Federation (BPF) says too many companies are abusing an insolvency process called a Company Voluntary Arrangement (CVA). The pushback from landlords comes as House of Fraser tries to finalise a restructuring plan that involves a CVA.
|FTSE All Share||4,249.82||0.4%||0.7%||9.0%|
|FTSE Small Cap||5,996.52||0.6%||1.4%||14.9%|
|St. James's Place||1,199.00||0.7%||-2.2%||20.9%|
|Euro Stoxx 600||386.88||0.0%||-0.6%||7.7%|
|Dow Jones Ind||25,146.39||1.4%||1.7%||25.1%|
|MSCI AC Asia Pacific||175.31||0.4%||0.9%||28.7%|
|MSCI World (Developed)||2,136.74||0.8%||1.6%||20.1%|
|MSCI AC World (Dev & Em)||519.75||0.8%||1.3%||21.6%|
|MSCI Emerging Markets||1,150.17||0.5%||-0.7%||34.2%|
|MSCI AC World Value||217.93||0.8%||-2.7%||15.2%|
|MSCI AC World Growth||291.43||0.7%||5.3%||28.3%|
|FTSE Gilts All Stocks||3,560.00||-1.0%||-0.8%||3.0%|
|FTSE Index Linked All Stocks||628.21||-1.8%||-3.0%||2.3%|
|ML Sterling Corporate Bonds||392.71||-0.7%||-2.0%||5.7%|
|ML Global High Yield Bonds||373.67||0.1%||-1.0%||9.7%|
|Brent Crude Oil||75.36||0.0%||15.7%||14.5%|
|Consumer Goods and Services||19,983.67||-0.7%||-10.6%||13.6%|
|Oil & Gas||9,684.95||-0.2%||6.9%||6.0%|
|$ per £||1.34||-0.2%||-1.0%||9.5%|
|€ per £||1.14||0.3%||1.4%||-4.0%|
|¥ per £||146.63||-0.7%||-3.7%||5.3%|
|VIX Index (Volatility)||11.64||-6.1%||5.4%||-21.4%|
|Baltic Dry Index||1,340.00||7.3%||-1.9%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.63%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.20|
|FTSE All Share Adj P/E||13.63|
|FTSE All Share Yld||3.93%|
|15yr Gilt Yield||1.67%|
|10yr Gilt Yield||1.37%|
|10yr US Tres Yield||2.97%|
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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