Investment Market Update
Asian shares were affected by a 5% drop in oil prices overnight as energy companies dragged down the markets. In Australia, shares of oil companies such as Woodside and Oil Search dropped nearly 3% each.
US stocks rose as rising sales at Best Buy and and cosmetics retailer Ulta brought rare good news for the US retail sector, bolstering markets on Thursday. Best Buy shares jumped more than 21% after the electronics retailer reported a rise in first-quarter sales.
UK stocks ended close to a record level on Thursday, but the mid-cap FTSE 250 index enjoyed the greater action. Wizz shares jumped 13.3% after reporting a 19% rise in passenger numbers and 10% increase in revenues.
- The price of oil plummeted by about 5%, despite oil-producing nations agreeing to extend production cuts for a further nine months. Energy ministers from both Opec and non-Opec countries agreed to maintain output curbs, due to expire next month, until March 2018, but investors had been hoping the oil producers would go further.
- New payday loan regulations come into force today, requiring all online lenders to advertise on at least one price comparison website. The new rules are the result of an investigation by the Competition and Markets Authority (CMA), published in February 2015.
|FTSE All Share||4,114.68||0.0%||6.2%||12.5%|
|FTSE Small Cap||5,644.88||0.0%||9.8%||11.0%|
|St. James's Place||1,177.00||-0.3%||18.4%||3.9%|
|Euro Stoxx 600||392.14||-0.1%||8.5%||-1.2%|
|Dow Jones Ind||21,082.95||0.3%||6.7%||13.4%|
|MSCI AC Asia Pacific||152.84||0.7%||13.2%||2.3%|
|MSCI World (Developed)||1,914.59||0.4%||9.3%||5.3%|
|MSCI AC World (Dev & Em)||464.88||0.4%||10.2%||5.6%|
|MSCI Emerging Markets||1,014.55||0.9%||17.7%||8.6%|
|MSCI AC World Value||205.60||0.3%||5.8%||9.5%|
|MSCI AC World Growth||247.76||0.6%||14.9%||1.8%|
|FTSE Gilts All Stocks||3,608.60||0.2%||2.4%||8.5%|
|FTSE Index Linked All Stocks||661.50||-0.2%||3.9%||21.2%|
|ML Sterling Corporate Bonds||395.80||0.2%||3.8%||10.7%|
|ML Global High Yield Bonds||362.45||0.1%||5.8%||15.0%|
|Brent Crude Oil||51.46||-4.6%||-12.3%||23.4%|
|Consumer Goods and Services||22,856.14||0.6%||16.1%||9.6%|
|Oil & Gas||7,934.67||-0.7%||-7.2%||54.2%|
|$ per £||1.29||-0.2%||4.8%||-16.3%|
|€ per £||1.16||0.2%||-1.4%||-15.7%|
|¥ per £||144.88||0.1%||0.3%||-22.7%|
|VIX Index (Volatility)||9.99||-0.3%||-28.8%||-22.9%|
|Baltic Dry Index||918.00||-1.7%||-4.5%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.30%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||25.35|
|FTSE All Share Adj P/E||23.87|
|FTSE All Share Yld||3.75%|
|15yr Gilt Yield||1.42%|
|10yr Gilt Yield||1.04%|
|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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