Investment Market Update
Asian stocks were trading on a mixed note as investors braced for damage that Hurricane Irma may inflict on Florida.
US stocks finished the day almost flat, with the telecoms sector dropping more than 2% to offset a 1% rise in healthcare stocks.
UK stocks closed higher on Thursday with most sectors in positive territory with the exception of financial stocks, which suffered, alongside the rest of their European peers, after the European central bank reaffirmed its ultra-easy policy stance.
- The European Central Bank (ECB) has raised its eurozone economic growth forecast for this year to 2.2%, the fastest growth in 10 years. ECB president Mario Draghi said the 19-country bloc grew faster than expected in the first half of the year. It came as the bank kept eurozone interest rates and its bond buying stimulus programme unchanged.
- The owner of the Daily Mirror has said it is in talks to buy the owner of the Daily Express and Daily Star. Trinity Mirror said it was in talks to buy all of the publishing assets of Northern & Shell, which also produces the celebrity magazine OK!. It had previously been in talks to take a minority stake in the company.
|FTSE All Share||4,054.62||0.5%||4.7%||12.5%|
|FTSE Small Cap||5,713.92||0.0%||11.1%||11.0%|
|St. James's Place||1,118.00||-0.8%||14.0%||3.9%|
|Euro Stoxx 600||374.95||0.3%||3.7%||-1.2%|
|Dow Jones Ind||21,784.78||-0.1%||10.2%||13.4%|
|MSCI AC Asia Pacific||161.11||0.6%||19.3%||2.3%|
|MSCI World (Developed)||1,964.57||0.3%||12.2%||5.3%|
|MSCI AC World (Dev & Em)||479.57||0.3%||13.7%||5.6%|
|MSCI Emerging Markets||1,090.10||0.6%||26.4%||8.6%|
|MSCI AC World Value||210.00||0.1%||8.0%||9.5%|
|MSCI AC World Growth||258.06||0.5%||19.7%||1.8%|
|FTSE Gilts All Stocks||3,643.03||0.5%||3.4%||8.5%|
|FTSE Index Linked All Stocks||669.22||1.7%||5.1%||21.2%|
|ML Sterling Corporate Bonds||401.94||0.2%||5.4%||10.7%|
|ML Global High Yield Bonds||373.32||0.2%||9.0%||15.0%|
|Brent Crude Oil||54.49||0.5%||-7.3%||23.4%|
|Consumer Goods and Services||22,347.66||1.2%||13.5%||9.6%|
|Oil & Gas||7,865.15||1.0%||-8.0%||54.2%|
|$ per £||1.30||-0.2%||5.7%||-16.3%|
|€ per £||1.09||0.4%||-6.7%||-15.7%|
|¥ per £||142.41||0.4%||-1.4%||-22.7%|
|VIX Index (Volatility)||11.55||-0.7%||-17.7%||-22.9%|
|Baltic Dry Index||1,296.00||3.7%||34.9%||101.1%|
|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||22.27|
|FTSE All Share Adj P/E||21.44|
|FTSE All Share Yld||3.83%|
|15yr Gilt Yield||1.34%|
|10yr Gilt Yield||0.97%|
|10yr US Tres Yield||2.04%|
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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