Investment Market Update
Asian stocks rose and the yen dropped on news of an agreement for an unprecedented summit between the leaders of the US and North Korea, defusing geopolitical concerns tied to the nuclear-armed dictatorship in northeast Asia.
US stocks closed higher after President Donald Trump announced tariffs that were narrower than some traders had anticipated on steel and aluminium.
UK stocks closed up following other European markets higher. Germany's Dax and France's Cac 40 gained 1% and 1.5% respectively, after the European Central Bank kept eurozone interest rates on hold.
- North Korean leader Kim Jong-un and US President Donald Trump are to meet in person as early as May, it has been announced, an extraordinary overture after months of mutual hostility. News of the meeting was delivered by South Korean officials after talks with Mr Trump at the White House. They passed a verbal message from Mr Kim, saying the North Korean leader was "committed to denuclearisation".
- Restaurant chains Wagamama and TGI Fridays have each been fined an undisclosed amount for failing to pay staff the National Minimum Wage. They were among 43 employers in the hospitality sector on the government's latest list of firms breaking the law. Wagamama has repaid an average of £50 to 2,630 employees. TGI Friday's had to repay £25 each to 2,300 staff.
|FTSE All Share||3,979.76||0.7%||-5.7%||9.0%|
|FTSE Small Cap||5,758.30||0.4%||-2.6%||14.9%|
|St. James's Place||1,155.00||1.3%||-5.8%||20.9%|
|Euro Stoxx 600||376.62||1.0%||-3.2%||7.7%|
|Dow Jones Ind||24,895.21||0.4%||0.7%||25.1%|
|MSCI AC Asia Pacific||175.04||0.7%||0.7%||28.7%|
|MSCI World (Developed)||2,125.28||0.4%||1.0%||20.1%|
|MSCI AC World (Dev & Em)||519.65||0.4%||1.3%||21.6%|
|MSCI Emerging Markets||1,195.24||0.5%||3.2%||34.2%|
|MSCI AC World Value||221.98||0.3%||-0.9%||15.2%|
|MSCI AC World Growth||286.37||0.5%||3.5%||28.3%|
|FTSE Gilts All Stocks||3,532.83||0.1%||-1.6%||3.0%|
|FTSE Index Linked All Stocks||629.67||0.2%||-2.8%||2.3%|
|ML Sterling Corporate Bonds||393.76||0.2%||-1.8%||5.7%|
|ML Global High Yield Bonds||377.91||-0.1%||0.1%||9.7%|
|Brent Crude Oil||63.61||-1.1%||-3.8%||14.5%|
|Consumer Goods and Services||19,743.90||1.5%||-11.7%||13.6%|
|Oil & Gas||8,260.82||0.2%||-8.8%||6.0%|
|$ per £||1.39||0.5%||2.8%||9.5%|
|€ per £||1.12||-0.1%||-0.5%||-4.0%|
|¥ per £||147.09||0.3%||-3.4%||5.3%|
|VIX Index (Volatility)||16.54||-6.9%||49.8%||-21.4%|
|Baltic Dry Index||1,197.00||0.5%||-12.4%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.60%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.00%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.72|
|FTSE All Share Adj P/E||13.14|
|FTSE All Share Yld||4.12%|
|15yr Gilt Yield||1.74%|
|10yr Gilt Yield||1.47%|
|10yr US Tres Yield||2.86%|
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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