Investment Market Update
Asian stocks rose as Hong Kong shares increased to a 21-month high while the yen rose on concern over North Korea’s nuclear program. Chinese companies climbed amid signs of stability in the Shanghai market.
The S&P 500 slipped marginally on Tuesday after a rise in Marriott International and other consumer discretionary shares wasn't enough to fully offset falling energy shares. Apple Inc increased 0.6% which meant it's market capitalisation is now over $800bn.
UK stocks were marginallly higher on Tuesday with the index held back by a fall in energy shares. Centrica and SSE closed down by more than 1% after a promise by the Conservatives of a price cap for energy bills if they win the election.
- US President Donald Trump has fired the director of the FBI over his handling of the inquiry into Hillary Clinton's emails, the administration says. The White House shocked Washington by announcing that James Comey "has been terminated and removed from office".
- Revenues at broadcaster ITV fell 3% in the first three months of the year as advertising income dropped 9%. ITV said it expected similar falls for the whole of the first half of the year. The company blamed much of the fall on the strong revenues generated the previous year from its coverage of the European Championships football.
|FTSE All Share||4,031.36||0.5%||4.1%||12.5%|
|FTSE Small Cap||5,588.51||0.5%||8.7%||11.0%|
|St. James's Place||1,174.00||0.9%||18.1%||3.9%|
|Euro Stoxx 600||395.81||0.4%||9.5%||-1.2%|
|Dow Jones Ind||20,975.78||-0.2%||6.1%||13.4%|
|MSCI AC Asia Pacific||149.86||-0.5%||11.0%||2.3%|
|MSCI World (Developed)||1,893.41||-0.2%||8.1%||5.3%|
|MSCI AC World (Dev & Em)||459.09||-0.1%||8.8%||5.6%|
|MSCI Emerging Markets||990.60||0.6%||14.9%||8.6%|
|MSCI AC World Value||204.08||-0.4%||5.0%||9.5%|
|MSCI AC World Growth||243.45||0.1%||12.9%||1.8%|
|FTSE Gilts All Stocks||3,542.68||-0.3%||0.5%||8.5%|
|FTSE Index Linked All Stocks||638.90||0.6%||0.3%||21.2%|
|ML Sterling Corporate Bonds||389.87||-0.2%||2.3%||10.7%|
|ML Global High Yield Bonds||358.90||0.0%||4.8%||15.0%|
|Brent Crude Oil||48.73||-1.2%||-17.0%||23.4%|
|Consumer Goods and Services||22,152.21||0.3%||12.5%||9.6%|
|Oil & Gas||7,782.49||0.4%||-9.0%||54.2%|
|$ per £||1.29||-0.1%||4.8%||-16.3%|
|€ per £||1.18||-0.4%||0.9%||-15.7%|
|¥ per £||146.17||-1.1%||1.2%||-22.7%|
|VIX Index (Volatility)||9.96||1.9%||-29.1%||-22.9%|
|Baltic Dry Index||1,007.00||0.6%||4.8%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.32%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||24.65|
|FTSE All Share Adj P/E||23.42|
|FTSE All Share Yld||3.83%|
|15yr Gilt Yield||1.60%|
|10yr Gilt Yield||1.20%|
|10yr US Tres Yield||2.40%|
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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Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.