Investment Market Update
Asian stocks outside Japan built on gains for a second day as a rise in consumer confidence rekindled optimism in the strength of the US.
US stocks pushed higher after financial firms rebounded from a six-week low as investors speculated that the selling due to US policy uncertainty had gone too far.
UK stocks closed higher after shares in plumbing goods supplier Wolseley bolstered the market, as the company reported a sharp rise in profits. Tesco closed 1.3% higher after reaching an agreement over the 2014 accounting scandal.
- The UK will start the clock on two years of negotiations to withdraw from the European Union today, a move that will redefine the country's relationship with its largest trading partner.
- Federal Reserve Vice Chairman Stanley Fischer said the Federal Open Market Committee’s median estimate for two more rate hikes this year “seems about right.”
|FTSE All Share||3,997.19||0.60%||3.20%||12.45%|
|FTSE Small Cap||5,386.88||0.60%||4.70%||10.97%|
|St. James's Place||1,056.00||-0.10%||4.10%||3.85%|
|Euro Stoxx 600||377.3||0.60%||4.40%||-1.20%|
|Dow Jones Ind||20,701.50||0.70%||4.80%||13.42%|
|MSCI AC Asia Pacific||149.019||1.00%||10.30%||2.34%|
|MSCI World (Developed)||1,858.88||0.70%||6.10%||5.32%|
|MSCI AC World (Dev & Em)||450.599||0.70%||6.80%||5.63%|
|MSCI Emerging Markets||970.321||0.50%||12.50%||8.58%|
|MSCI AC World Value||203.558||0.80%||4.70%||9.50%|
|MSCI AC World Growth||235.121||0.60%||9.00%||1.81%|
|FTSE Gilts All Stocks||3,557.60||-0.10%||0.90%||8.51%|
|FTSE Index Linked All Stocks||643.41||-0.20%||1.00%||21.23%|
|ML Sterling Corporate Bonds||386.792||-0.10%||1.50%||10.75%|
|ML Global High Yield Bonds||352.163||0.20%||2.80%||15.01%|
|Brent Crude Oil||51.33||1.10%||-11.60%||23.39%|
|Consumer Goods and Services||21,960.31||-0.10%||11.60%||9.56%|
|Oil & Gas||7,866.48||1.50%||-8.00%||54.21%|
|$ per £||1.2401||-0.60%||0.50%||-16.25%|
|€ per £||1.1475||-0.40%||-2.20%||-15.73%|
|¥ per £||137.855||-0.20%||-4.60%||-22.69%|
|VIX Index (Volatility)||11.53||-7.80%||-17.90%||-22.90%|
|Baltic Dry Index||1,333.00||4.00%||38.70%||101.05%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.34%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||26.73473|
|FTSE All Share Adj P/E||24.78249|
|FTSE All Share Yld||3.85%|
|15yr Gilt Yield||1.55%|
|10yr Gilt Yield||1.19%|
|10yr US Tres Yield||2.42%|
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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