Investment Market Update
Asian equities were mixed ahead of the US Federal Reserve’s policy decision and as investors sifted through earnings from companies including Alphabet Inc.
US stocks marginally fell, though the NASDAQ hit a record high ahead of second quarter results from a host of technology giants.
UK stocks fell around 1%, led by airlines after comments from Ryanair raised fears of a price war. Reckitt Benckiser fell more than 3% after saying the recent cyber attack would reduce revenues by around 2%.
- Greece will return to the bond market after a three-year hiatus, banking on investor interest in its recovery story. The country will be looking to sell five-year bonds.
- Alphabet Inc. shares fell after second-quarter results resurfaced a worrying trend: The company’s costs are rising as it spends more to expand Google’s newer, fastest-growing advertising businesses.
|FTSE All Share||4,042.69||-0.90%||4.40%||12.45%|
|FTSE Small Cap||5,685.47||0.30%||10.50%||10.97%|
|St. James's Place||1,184.00||-2.90%||19.10%||3.85%|
|Euro Stoxx 600||379.23||-0.20%||4.90%||-1.20%|
|Dow Jones Ind||21,513.17||-0.30%||8.90%||13.42%|
|MSCI AC Asia Pacific||159.476||0.00%||18.10%||2.34%|
|MSCI World (Developed)||1,954.84||-0.20%||11.60%||5.32%|
|MSCI AC World (Dev & Em)||476.133||-0.10%||12.90%||5.63%|
|MSCI Emerging Markets||1,064.27||0.40%||23.40%||8.58%|
|MSCI AC World Value||210.033||-0.20%||8.10%||9.50%|
|MSCI AC World Growth||254.4||-0.10%||18.00%||1.81%|
|FTSE Gilts All Stocks||3,559.37||-0.10%||1.00%||8.51%|
|FTSE Index Linked All Stocks||634.7||0.70%||-0.30%||21.23%|
|ML Sterling Corporate Bonds||395.211||0.00%||3.70%||10.75%|
|ML Global High Yield Bonds||368.57||0.00%||7.60%||15.01%|
|Brent Crude Oil||48.6||1.10%||-17.40%||23.39%|
|Consumer Goods and Services||22,368.95||-1.50%||13.60%||9.56%|
|Oil & Gas||7,533.89||-1.20%||-11.90%||54.21%|
|$ per £||1.2997||-0.20%||5.30%||-16.25%|
|€ per £||1.1142||-0.50%||-5.00%||-15.73%|
|¥ per £||144.44299||-0.30%||0.00%||-22.69%|
|VIX Index (Volatility)||9.43||0.70%||-32.80%||-22.90%|
|Baltic Dry Index||977||0.00%||1.70%||101.05%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.29%|
|Consumer Price Index||2.60%|
|Retail Price Index||3.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||24.50162|
|FTSE All Share Adj P/E||23.20153|
|FTSE All Share Yld||3.80%|
|15yr Gilt Yield||1.56%|
|10yr Gilt Yield||1.19%|
|10yr US Tres Yield||2.26%|
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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