Investment Market Update
Asian stocks fluctuated as investors prepared for a report on US inflation due later today that may contain clues on where US monetary policy is headed.
US stocks gained for a third day, recovering from the biggest correction in two years. Investors are waiting for today's January inflation data, which may shed light on the pace of the Federal Reserve’s tighter monetary policy.
UK stocks closed lower, as strong gains by miners failed to offset falls in utility stocks on a report suggesting a planned energy cap should be introduced urgently.
- UK consumer price inflation remained at 3% in January, the same level as in December despite a fall in food prices. Last week, the Bank of England indicated interest rates might rise sooner than expected when it said it wanted to get inflation closer to 2% within two years rather than three.
- Japan's economic growth slowed in the last three months of 2017 and missed expectations, preliminary official figures show. The world's third-largest economy expanded at an annualised rate of 0.5% in the quarter, against analyst forecasts of 0.9%.
|FTSE All Share||3,939.71||-0.2%||-6.7%||9.0%|
|FTSE Small Cap||5,644.14||-0.5%||-4.5%||14.9%|
|St. James's Place||1,122.50||0.7%||-8.4%||20.9%|
|Euro Stoxx 600||370.58||-0.6%||-4.8%||7.7%|
|Dow Jones Ind||24,640.45||0.2%||-0.3%||25.1%|
|MSCI AC Asia Pacific||172.45||0.7%||-0.8%||28.7%|
|MSCI World (Developed)||2,080.68||0.2%||-1.1%||20.1%|
|MSCI AC World (Dev & Em)||508.45||0.3%||-0.9%||21.6%|
|MSCI Emerging Markets||1,164.49||1.0%||0.5%||34.2%|
|MSCI AC World Value||219.95||0.2%||-1.8%||15.2%|
|MSCI AC World Growth||276.84||0.4%||0.0%||28.3%|
|FTSE Gilts All Stocks||3,490.05||-0.2%||-2.8%||3.0%|
|FTSE Index Linked All Stocks||619.71||-0.4%||-4.3%||2.3%|
|ML Sterling Corporate Bonds||390.96||-0.4%||-2.5%||5.7%|
|ML Global High Yield Bonds||375.90||-0.1%||-0.4%||9.7%|
|Brent Crude Oil||62.72||0.2%||-5.6%||14.5%|
|Consumer Goods and Services||19,976.68||-0.9%||-10.7%||13.6%|
|Oil & Gas||8,300.65||-0.2%||-8.4%||6.0%|
|$ per £||1.38||-0.3%||2.2%||9.5%|
|€ per £||1.13||0.3%||0.0%||-4.0%|
|¥ per £||150.18||0.6%||-1.3%||5.3%|
|VIX Index (Volatility)||24.97||-2.5%||126.2%||-21.4%|
|Baltic Dry Index||1,114.00||-0.8%||-18.4%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.54%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.00%|
|Yields / Ratios|
|FTSE 100 Adj P/E||19.03|
|FTSE All Share Adj P/E||18.57|
|FTSE All Share Yld||4.08%|
|15yr Gilt Yield||1.85%|
|10yr Gilt Yield||1.62%|
|10yr US Tres Yield||2.83%|
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.