Investment Market Update
Asian markets rebounded on Friday as strong US economic data supported the Federal Reserve's decision to raise interest rates.
Apple and Amazon led the US stock market to small gains Thursday. Internet and health care companies rose while mining companies fell with metals prices.
UK stocks closed higher on Thursday, as the pound was held back by strength in the dollar following a US rate rise and investors remained nervous on the outcome of Brexit talks.
- Italy's populist government has come to an agreement over spending as it tries to "end poverty" with its first budget. A joint statement from Five Star and the League late on Thursday said they had agreed to set the budget deficit at 2.4% of GDP - defying Brussels. It comes after the administration was said to have clashed with its economy minister, technocrat Giovanni Tria. Mr Tria was understood to have wanted to stick to lower spending to avoid adding to Italy's €2.3tn debt.
- Tens of thousands of Ryanair passengers across Europe face travel disruption on Friday after strikes forced the airline to cancel 250 flights. The total had stood at 150 until German pilots decided on Thursday to walk out, resulting in another 100 cancellations. They will join striking pilots in the Netherlands and Belgium. Cabin crews in Belgium, Germany, Italy, the Netherlands, Portugal and Spain will also go on strike in a row over contracts and conditions. So far, very few flights to and from the UK seem to have been affected.
|FTSE All Share||4,145.89||0.3%||-1.8%||9.0%|
|FTSE Small Cap||5,830.69||0.0%||-1.4%||14.9%|
|St. James's Place||1,154.50||1.7%||-5.8%||20.9%|
|Euro Stoxx 600||386.38||0.3%||-0.7%||7.7%|
|Dow Jones Ind||26,439.93||0.2%||7.0%||25.1%|
|MSCI AC Asia Pacific||164.84||-0.6%||-5.2%||28.7%|
|MSCI World (Developed)||2,188.71||0.0%||4.1%||20.1%|
|MSCI AC World (Dev & Em)||525.44||0.0%||2.4%||21.6%|
|MSCI Emerging Markets||1,051.30||0.5%||-9.2%||34.2%|
|MSCI AC World Value||219.54||-0.1%||-2.0%||15.2%|
|MSCI AC World Growth||295.63||0.1%||6.8%||28.3%|
|FTSE Gilts All Stocks||3,535.09||0.1%||-1.5%||3.0%|
|FTSE Index Linked All Stocks||627.49||-0.1%||-3.1%||2.3%|
|ML Sterling Corporate Bonds||392.40||0.1%||-2.1%||5.7%|
|ML Global High Yield Bonds||379.57||0.0%||0.6%||9.7%|
|Brent Crude Oil||81.72||0.5%||27.6%||14.5%|
|Consumer Goods and Services||20,063.58||1.1%||-10.3%||13.6%|
|Oil & Gas||9,866.06||0.4%||8.9%||6.0%|
|$ per £||1.32||0.6%||-2.5%||9.5%|
|€ per £||1.12||-0.1%||-0.4%||-4.0%|
|¥ per £||148.82||0.1%||-2.2%||5.3%|
|VIX Index (Volatility)||12.41||-3.7%||12.4%||-21.4%|
|Baltic Dry Index||1,524.00||1.4%||11.6%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.60|
|FTSE All Share Adj P/E||12.60|
|FTSE All Share Yld||4.07%|
|15yr Gilt Yield||1.74%|
|10yr Gilt Yield||1.60%|
|10yr US Tres Yield||3.05%|
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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