Investment Market Update
Asian stocks fell, led by declines in semiconductor makers and other technology-oriented shares, after another rush of selling on Wall Street.
US stocks fell, confirming a correction for the Nasdaq and erasing the Dow and S&P 500's gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled nerves about economic and profit growth.
UK stocks rose, as the index was boosted by weakness in the British pound linked to Brexit. Gains in shares of Barclays PLC, which reported upbeat results, also helped keep the index aloft.
- Further evidence of the slow-down in the property market has emerged, with fewer people taking out new mortgages to buy a home. Britain's High Street banks approved 38,505 such loans in September, a drop of 10.1% on the same month last year.
- Debenhams has confirmed record annual losses and said it will close up to 50 under-performing stores. In the year to September it lost £491.5m, against profits of £59m the year before.
|FTSE All Share||3,815.79||0.2%||-9.6%||9.0%|
|FTSE Small Cap||5,481.70||0.4%||-7.3%||14.9%|
|St. James's Place||970.20||-1.0%||-20.9%||20.9%|
|Euro Stoxx 600||353.27||-0.2%||-9.2%||7.7%|
|Dow Jones Ind||24,583.42||-2.4%||-0.5%||25.1%|
|MSCI AC Asia Pacific||149.78||-0.4%||-13.8%||28.7%|
|MSCI World (Developed)||1,988.62||-2.2%||-5.5%||20.1%|
|MSCI AC World (Dev & Em)||477.29||-2.1%||-7.0%||21.6%|
|MSCI Emerging Markets||953.05||-0.8%||-17.7%||34.2%|
|MSCI AC World Value||203.60||-1.6%||-9.1%||15.2%|
|MSCI AC World Growth||263.20||-2.5%||-4.9%||28.3%|
|FTSE Gilts All Stocks||3,567.49||0.2%||-0.6%||3.0%|
|FTSE Index Linked All Stocks||642.26||0.4%||-0.9%||2.3%|
|ML Sterling Corporate Bonds||395.05||0.2%||-1.4%||5.7%|
|ML Global High Yield Bonds||374.44||-0.1%||-0.8%||9.7%|
|Brent Crude Oil||76.17||-0.4%||19.7%||14.5%|
|Consumer Goods and Services||19,348.33||0.8%||-13.5%||13.6%|
|Oil & Gas||8,992.46||-0.3%||-0.7%||6.0%|
|$ per £||1.30||0.9%||-3.8%||9.5%|
|€ per £||1.13||0.1%||0.5%||-4.0%|
|¥ per £||145.83||0.6%||-4.2%||5.3%|
|VIX Index (Volatility)||25.23||21.8%||128.5%||-21.4%|
|Baltic Dry Index||1,546.00||-2.0%||13.2%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.76|
|FTSE All Share Adj P/E||10.79|
|FTSE All Share Yld||4.48%|
|15yr Gilt Yield||1.63%|
|10yr Gilt Yield||1.46%|
|10yr US Tres Yield||3.10%|
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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