Investment Market Update
Shares were mostly lower in Asia on Tuesday as investors stepped back after several days of advances, erasing early gains. Markets are awaiting the Federal Reserve meeting on Wednesday and the outcome of a major Chinese planning conference.
US stocks closed higher on Monday, helped by the technology and energy sectors as oil prices rose and investors waited for an expected US Federal Reserve rate hike later in the week.
UK stocks closed higher on Monday, as a weaker pound, rising oil prices and growing confidence in the financial sector helped pushed shares higher and well ahead of their European peers.
- International Trade Secretary Liam Fox said the UK would like a trading relationship with the European Union after it leaves the bloc that’s “virtually identical” to the one it has now. A trade deal similar to the current arrangements would ensure a smooth transition period, Fox said.
- One of the UK's most important oil pipelines is being closed after a crack was discovered in Aberdeenshire. The Forties pipeline carries crude North Sea oil across land for processing at Grangemouth. The crack was discovered last week at Red Moss near Netherley. The pipeline's owner Ineos said on Monday that, despite pressure being reduced, the crack had extended. The Forties pipeline carries about 40% of North Sea crude oil.
|FTSE All Share||4,092.59||0.7%||5.7%||12.5%|
|FTSE Small Cap||5,747.33||0.2%||11.7%||11.0%|
|St. James's Place||1,162.00||0.4%||14.6%||3.9%|
|Euro Stoxx 600||389.05||-0.1%||7.6%||-1.2%|
|Dow Jones Ind||24,386.03||0.2%||23.4%||13.4%|
|MSCI AC Asia Pacific||170.44||0.8%||26.2%||2.3%|
|MSCI World (Developed)||2,081.24||0.4%||18.8%||5.3%|
|MSCI AC World (Dev & Em)||506.23||0.4%||20.0%||5.6%|
|MSCI Emerging Markets||1,119.97||0.8%||29.9%||8.6%|
|MSCI AC World Value||220.90||0.4%||13.6%||9.5%|
|MSCI AC World Growth||273.32||0.4%||26.8%||1.8%|
|FTSE Gilts All Stocks||3,577.52||0.7%||1.5%||8.5%|
|FTSE Index Linked All Stocks||645.11||0.9%||1.3%||21.2%|
|ML Sterling Corporate Bonds||398.63||0.6%||4.6%||10.7%|
|ML Global High Yield Bonds||375.68||0.1%||9.7%||15.0%|
|Brent Crude Oil||64.69||2.0%||10.4%||23.4%|
|Consumer Goods and Services||22,037.24||0.5%||12.0%||9.6%|
|Oil & Gas||8,689.57||1.2%||1.7%||54.2%|
|$ per £||1.34||0.3%||8.5%||-16.3%|
|€ per £||1.14||0.5%||-3.0%||-15.7%|
|¥ per £||152.03||0.4%||5.2%||-22.7%|
|VIX Index (Volatility)||9.34||-2.5%||-33.5%||-22.9%|
|Baltic Dry Index||1,727.00||1.5%||79.7%||101.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.52%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.00%|
|Yields / Ratios|
|FTSE 100 Adj P/E||20.08|
|FTSE All Share Adj P/E||19.56|
|FTSE All Share Yld||3.78%|
|15yr Gilt Yield||1.53%|
|10yr Gilt Yield||1.20%|
|10yr US Tres Yield||2.39%|
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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