Investment Market Update
Asian stocks fell, tracking losses in US equities overnight over concerns that consumer spending is cooling in the world’s largest economy after retail sales data unexpectedly dropped.
US stocks fell after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for US companies.
UK stocks fell, as losses in the Oil Equipment Services & Distribution, Food & Drug Retailers and Oil & Gas Producers sectors led shares lower, a new 1-month low.
- China’s plan to allow overseas-listed tech cos. to list domestically via Chinese Depository Receipts would put pressure on A-share market liquidity and sentiment, potentially causing a selloff in overvalued ChiNext stocks, UBS Securities says.
- Toys R Us is set to close or sell all of its 885 stores in the US in the coming months. That move would put about 33,000 jobs at risk.
|FTSE All Share||3,943.63||-0.10%||-6.60%||9.00%|
|FTSE Small Cap||5,750.13||-0.60%||-2.70%||14.90%|
|St. James's Place||1,122.00||0.80%||-8.50%||20.90%|
|Euro Stoxx 600||374.94||-0.10%||-3.70%||7.70%|
|Dow Jones Ind||24,758.12||-1.00%||0.20%||25.10%|
|MSCI AC Asia Pacific||178.613||-0.20%||2.80%||28.70%|
|MSCI World (Developed)||2,134.51||-0.50%||1.50%||20.10%|
|MSCI AC World (Dev & Em)||522.867||-0.50%||1.90%||21.60%|
|MSCI Emerging Markets||1,218.70||-0.40%||5.20%||34.20%|
|MSCI AC World Value||222.683||-0.70%||-0.60%||15.20%|
|MSCI AC World Growth||288.953||-0.30%||4.40%||28.30%|
|FTSE Gilts All Stocks||3,558.37||0.70%||-0.90%||3.00%|
|FTSE Index Linked All Stocks||637.18||1.20%||-1.60%||2.30%|
|ML Sterling Corporate Bonds||395.313||0.40%||-1.40%||5.70%|
|ML Global High Yield Bonds||378.098||-0.10%||0.20%||9.70%|
|Brent Crude Oil||64.89||0.40%||-1.80%||14.50%|
|Consumer Goods and Services||19,541.73||0.60%||-12.60%||13.60%|
|Oil & Gas||8,067.06||-1.30%||-11.00%||6.00%|
|$ per £||1.3971||0.00%||3.40%||9.50%|
|€ per £||1.1275||-0.20%||0.10%||-4.00%|
|¥ per £||148.959||0.20%||-2.10%||5.30%|
|VIX Index (Volatility)||17.23||5.40%||56.10%||-21.40%|
|Baltic Dry Index||1,179.00||-1.10%||-13.70%||42.14%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.60%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.00%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.62474|
|FTSE All Share Adj P/E||13.03075|
|FTSE All Share Yld||4.14%|
|15yr Gilt Yield||1.68%|
|10yr Gilt Yield||1.44%|
|10yr US Tres Yield||2.82%|
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.