Investment Market Update
Asian stocks posted their biggest drop in two weeks as growing doubts about Donald Trump's economic growth agenda prompted investors to rush to safe havens such as gold and government debt.
US stocks suffered their worst day this year as investors worried about whether President Donald Trump will be able to deliver promised tax cuts.
UK stocks closed down amid worries over the impact of a stronger pound after UK inflation in February rose to 2.3%, driven by rising fuel and food prices.
- Rising fuel and food prices helped push last month's inflation rate to the highest since September 2013. Inflation as measured by the Office for National Statistics' CPI jumped to 2.3% in February - up from 1.8% in January. The increase has pushed the rate above the Bank of England's 2% target.
- Government borrowing fell last month to its lowest amount for February in 10 years, according to official figures. Borrowing, excluding state-owned banks, was £1.8bn, down from £4.6bn a year earlier, the Office for National Statistics said. In the financial year-to-date, borrowing has fallen by £19.9bn from last year to £47.8bn.
|FTSE All Share||4,013.76||-0.7%||3.6%||12.5%|
|FTSE Small Cap||5,391.76||-0.4%||4.8%||11.0%|
|St. James's Place||1,057.00||-1.9%||4.2%||3.9%|
|Euro Stoxx 600||375.67||-0.5%||3.9%||-1.2%|
|Dow Jones Ind||20,668.01||-1.1%||4.6%||13.4%|
|MSCI AC Asia Pacific||149.17||0.3%||10.5%||2.3%|
|MSCI World (Developed)||1,846.39||-0.8%||5.4%||5.3%|
|MSCI AC World (Dev & Em)||448.05||-0.7%||6.2%||5.6%|
|MSCI Emerging Markets||973.08||0.1%||12.9%||8.6%|
|MSCI AC World Value||202.77||-0.7%||4.3%||9.5%|
|MSCI AC World Growth||233.37||-0.7%||8.2%||1.8%|
|FTSE Gilts All Stocks||3,537.76||-0.2%||0.4%||8.5%|
|FTSE Index Linked All Stocks||631.15||0.1%||-0.9%||21.2%|
|ML Sterling Corporate Bonds||385.52||-0.2%||1.1%||10.7%|
|ML Global High Yield Bonds||351.09||0.0%||2.5%||15.0%|
|Brent Crude Oil||50.96||-1.3%||-12.2%||23.4%|
|Consumer Goods and Services||22,064.54||-0.4%||12.1%||9.6%|
|Oil & Gas||7,897.32||-0.3%||-7.6%||54.2%|
|$ per £||1.22||-2.2%||-1.1%||-16.3%|
|€ per £||1.15||-0.4%||-2.0%||-15.7%|
|¥ per £||140.20||0.6%||-3.0%||-22.7%|
|VIX Index (Volatility)||12.47||10.0%||-11.2%||-22.9%|
|Baltic Dry Index||1,200.00||-0.4%||24.9%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.34%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.00|
|FTSE All Share Adj P/E||24.81|
|FTSE All Share Yld||3.86%|
|15yr Gilt Yield||1.61%|
|10yr Gilt Yield||1.25%|
|10yr US Tres Yield||2.42%|
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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