Investment Market Update
Asian stocks fell after a rally that saw them touch a record high during the week, as Japanese equities extended losses following abrupt swings on Thursday.
US stocks closed lower on Thursday amid growing debate over the Republican push for tax cuts. Financial and technology stocks, among those that would benefit most from tax changes, were among the sectors that ended the day lower.
UK markets fell during the session, with shares in Burberry falling 10% after the fashion house announced plans to move upmarket. Shares in housebuilders also struggled.
- Brexit talks resumed on Thursday with no indication that a breakthrough is in reach, even as both sides hope for an agreement by year-end. While Irish Prime Minister Leo Varadkar is upbeat that a deal could be done by the end of December, the timing of the next summit in mid-December means that the UK offer on the 'divorce bill' probably has to come by the end of this month. A press briefing is scheduled for Friday.
|FTSE All Share||4,108.39||-0.70%||6.10%||12.45%|
|FTSE Small Cap||5,829.19||-0.90%||13.30%||10.97%|
|St. James's Place||1,146.00||-1.60%||13.00%||3.85%|
|Euro Stoxx 600||390.07||-1.10%||7.90%||-1.20%|
|Dow Jones Ind||23,461.94||-0.40%||18.70%||13.42%|
|MSCI AC Asia Pacific||171.826||0.00%||27.20%||2.34%|
|MSCI World (Developed)||2,042.36||-0.40%||16.60%||5.32%|
|MSCI AC World (Dev & Em)||498.586||-0.40%||18.20%||5.63%|
|MSCI Emerging Markets||1,133.78||-0.10%||31.50%||8.58%|
|MSCI AC World Value||217.494||-0.30%||11.90%||9.50%|
|MSCI AC World Growth||269.267||-0.40%||24.90%||1.81%|
|FTSE Gilts All Stocks||3,554.71||-0.50%||0.90%||8.51%|
|FTSE Index Linked All Stocks||644.78||-0.70%||1.30%||21.23%|
|ML Sterling Corporate Bonds||396.968||-0.40%||4.10%||10.75%|
|ML Global High Yield Bonds||373.006||-0.20%||8.90%||15.01%|
|Brent Crude Oil||63.93||0.70%||9.00%||23.39%|
|Consumer Goods and Services||21,891.41||-0.70%||11.20%||9.56%|
|Oil & Gas||8,960.42||-0.70%||4.80%||54.21%|
|$ per £||1.311||-0.30%||6.20%||-16.25%|
|€ per £||1.1308||0.10%||-3.60%||-15.73%|
|¥ per £||149.15401||0.20%||3.20%||-22.69%|
|VIX Index (Volatility)||10.5||7.40%||-25.20%||-22.90%|
|Baltic Dry Index||1,481.00||-0.30%||54.10%||101.05%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.53%|
|Consumer Price Index||3.00%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||20.24424|
|FTSE All Share Adj P/E||19.81934|
|FTSE All Share Yld||3.81%|
|15yr Gilt Yield||1.59%|
|10yr Gilt Yield||1.27%|
|10yr US Tres Yield||2.34%|
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.