Investment Market Update
Asian stocks rose marginally in thin trading as the yen snapped four days of gains and investors reassessed positions ahead of a meeting of central bankers.
US stocks ended up slightly on Monday after two days of declines, though a drop in oil prices weighed on energy shares.
UK stocks closed marginally lower on Monday, suffering their third straight session of losses, in line with a broader "risk-off" move among European markets. Barclays and RBS were among the FTSE 100's biggest losers, both dropping about 1%.
- BHP Billiton will sell its US shale assets after pressure from shareholders to offload the underperforming business. The miner said a number of parties are interested in the assets and it is "actively pursuing options to exit". It comes as the company reported £4.56 bn annual net profit.
- Doorstep lender Provident Financial has issued its second profit warning in months. It says it now expects to make losses of £80m to £120m as its debt collection rates have dropped to 57% compared with a previous rate of 90% in 2016.
|FTSE All Share||4,017.49||0.0%||3.7%||12.5%|
|FTSE Small Cap||5,666.98||0.3%||10.2%||11.0%|
|St. James's Place||1,173.00||-1.3%||18.0%||3.9%|
|Euro Stoxx 600||372.72||-0.4%||3.1%||-1.2%|
|Dow Jones Ind||21,703.75||0.1%||9.8%||13.4%|
|MSCI AC Asia Pacific||159.31||0.0%||18.0%||2.3%|
|MSCI World (Developed)||1,932.22||0.1%||10.3%||5.3%|
|MSCI AC World (Dev & Em)||471.23||0.1%||11.7%||5.6%|
|MSCI Emerging Markets||1,063.66||0.4%||23.4%||8.6%|
|MSCI AC World Value||207.81||0.1%||6.9%||9.5%|
|MSCI AC World Growth||251.85||0.1%||16.8%||1.8%|
|FTSE Gilts All Stocks||3,599.17||0.2%||2.1%||8.5%|
|FTSE Index Linked All Stocks||643.54||0.3%||1.1%||21.2%|
|ML Sterling Corporate Bonds||399.26||0.2%||4.7%||10.7%|
|ML Global High Yield Bonds||369.11||0.2%||7.8%||15.0%|
|Brent Crude Oil||51.66||-2.0%||-12.2%||23.4%|
|Consumer Goods and Services||21,998.40||0.4%||11.8%||9.6%|
|Oil & Gas||7,692.40||-0.1%||-10.0%||54.2%|
|$ per £||1.29||-0.3%||4.3%||-16.3%|
|€ per £||1.09||0.3%||-6.7%||-15.7%|
|¥ per £||140.44||0.0%||-2.8%||-22.7%|
|VIX Index (Volatility)||13.19||-7.5%||-6.1%||-22.9%|
|Baltic Dry Index||1,266.00||0.5%||31.7%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.28%|
|Consumer Price Index||2.60%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.43|
|FTSE All Share Adj P/E||21.52|
|FTSE All Share Yld||3.85%|
|15yr Gilt Yield||1.45%|
|10yr Gilt Yield||1.07%|
|10yr US Tres Yield||2.18%|
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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