Investment Market Update
A rally in Asia faded as Japanese stocks closed marginally higher and Chinese shares fell. Oil touched $49 a barrel and the dollar weakened for a fifth straight day.
US stocks reached new highs, after a rise in the oil price boosted equities linked to the industry. Chevron and Halliburton were among the heavyweight stocks to benefit after Saudi Arabia and Russia said an oil production curb would be extended.
UK stocks ended at another record high, rising 0.3% to close at 7,454. Commodities firms and banks were the biggest gainers. Anglo American, Glencore, Standard Chartered, BHP Billiton and Barclays all posted rises of between 2.2% and 3.3%.
- President Donald Trump’s top foreign policy advisers raced to contain political damage from a report saying he revealed sensitive classified information to Russia’s top diplomat during an Oval Office meeting last week.
- Ford Motor Co. plans to cut about 10% of staff worldwide as Chief Executive Officer Mark Fields faces escalating pressure to boost profit and a lagging stock price, the Wall Street Journal reported.
|FTSE All Share||4,079.22||0.2%||5.3%||12.5%|
|FTSE Small Cap||5,629.75||0.1%||9.5%||11.0%|
|St. James's Place||1,178.00||-0.2%||18.5%||3.9%|
|Euro Stoxx 600||395.97||0.1%||9.6%||-1.2%|
|Dow Jones Ind||20,981.94||0.4%||6.2%||13.4%|
|MSCI AC Asia Pacific||151.13||0.2%||11.9%||2.3%|
|MSCI World (Developed)||1,901.64||0.5%||8.6%||5.3%|
|MSCI AC World (Dev & Em)||461.87||0.5%||9.5%||5.6%|
|MSCI Emerging Markets||1,010.23||0.8%||17.2%||8.6%|
|MSCI AC World Value||205.17||0.6%||5.6%||9.5%|
|MSCI AC World Growth||245.10||0.4%||13.7%||1.8%|
|FTSE Gilts All Stocks||3,565.40||-0.5%||1.2%||8.5%|
|FTSE Index Linked All Stocks||649.91||-0.3%||2.1%||21.2%|
|ML Sterling Corporate Bonds||392.29||-0.3%||2.9%||10.7%|
|ML Global High Yield Bonds||360.35||0.2%||5.2%||15.0%|
|Brent Crude Oil||51.82||1.9%||-11.7%||23.4%|
|Consumer Goods and Services||22,304.55||-0.3%||13.3%||9.6%|
|Oil & Gas||7,983.86||0.6%||-6.6%||54.2%|
|$ per £||1.29||-0.1%||4.5%||-16.3%|
|€ per £||1.18||0.2%||0.5%||-15.7%|
|¥ per £||146.15||-0.3%||1.1%||-22.7%|
|VIX Index (Volatility)||10.42||0.2%||-25.8%||-22.9%|
|Baltic Dry Index||994.00||-2.0%||3.4%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.31%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||25.10|
|FTSE All Share Adj P/E||23.73|
|FTSE All Share Yld||3.80%|
|15yr Gilt Yield||1.54%|
|10yr Gilt Yield||1.14%|
|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.