Investment Market Update
Asian markets are a mixed picture on Wednesday with traders uncertain about what the US Federal Reserve will say later in the day about a possible interest rate hike.
US stocks closed higher with tech stocks recovering some of the ground lost in recent days as shares in tech giant Apple were up 1.2% at the close after falling 2.5% on Monday. Google owner Alphabet was also up 1.1% while shares in social media giant Facebook rose 1.5%.
UK stocks surrendered early gains as the pound recovered ground lost since the election last week as UK inflation rose more than expected.
- The cost of overseas holidays and imported computer games pushed the UK inflation rate up to 2.9% in May from 2.7% in April.The latest inflation rate is the highest since June 2013, and above the Bank of England's 2% target.
- The typical home in the UK cost £220,100 in April, a rise of £3,500 on the previous month, official figures show. This was a £12,000 increase from the same month a year ago, the Office for National Statistics said, despite lenders reporting a relatively stagnant housing market.
|FTSE All Share||4,103.07||0.0%||5.9%||12.5%|
|FTSE Small Cap||5,630.56||0.2%||9.5%||11.0%|
|St. James's Place||1,196.00||1.4%||20.3%||3.9%|
|Euro Stoxx 600||388.75||0.6%||7.6%||-1.2%|
|Dow Jones Ind||21,328.47||0.4%||7.9%||13.4%|
|MSCI AC Asia Pacific||154.99||0.3%||14.8%||2.3%|
|MSCI World (Developed)||1,928.74||0.5%||10.1%||5.3%|
|MSCI AC World (Dev & Em)||467.69||0.5%||10.9%||5.6%|
|MSCI Emerging Markets||1,009.78||0.1%||17.1%||8.6%|
|MSCI AC World Value||207.58||0.3%||6.8%||9.5%|
|MSCI AC World Growth||248.39||0.6%||15.2%||1.8%|
|FTSE Gilts All Stocks||3,587.20||-0.7%||1.8%||8.5%|
|FTSE Index Linked All Stocks||642.88||-1.3%||1.0%||21.2%|
|ML Sterling Corporate Bonds||396.24||-0.4%||3.9%||10.7%|
|ML Global High Yield Bonds||363.44||0.1%||6.1%||15.0%|
|Brent Crude Oil||48.72||0.9%||-17.2%||23.4%|
|Consumer Goods and Services||22,607.31||-0.4%||14.9%||9.6%|
|Oil & Gas||7,941.27||-0.2%||-7.1%||54.2%|
|$ per £||1.27||-0.7%||2.5%||-16.3%|
|€ per £||1.13||-0.7%||-3.7%||-15.7%|
|¥ per £||138.76||-1.1%||-4.0%||-22.7%|
|VIX Index (Volatility)||10.42||-9.1%||-25.8%||-22.9%|
|Baltic Dry Index||870.00||0.0%||-9.5%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.29%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||25.21|
|FTSE All Share Adj P/E||23.72|
|FTSE All Share Yld||3.80%|
|15yr Gilt Yield||1.45%|
|10yr Gilt Yield||1.03%|
|10yr US Tres Yield||2.21%|
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.