Daily News – 9 April 2018
Investment Market Update
Asia
Asian stocks increased as investors weighed the likelihood the world’s two largest economies will eventually resolve their ongoing trade spat.
US
US stocks closed lower after comments made by Fed Chairman Jerome Powell, suggested that the Fed will need to continue raising interest rates.
UK
UK stocks closed lower following US President Donald Trump’s threat to potentially impose an additional $100bn in trade tariffs on Chinese exports.
Headlines
US job growth slowed sharply in March, as employers added 103,000 positions over the month. The figure was lower than expected, and left the unemployment rate unchanged at 4.1%. Analysts said the cold weather may have contributed to the slowdown, which was anticipated to some degree after February’s blockbuster gains.
Deutsche Bank has dismissed its chief executive John Cryan amid continued losses at Germany’s biggest lender. Co-deputy chief executive Christian Sewing will take over the role with immediate effect. Since Mr Cryan began the job in 2015, there have been a series of scandals as well as three years of reported losses.
Market data
| Price | 1d | YTD | 2017 | |
| UK (£) | ||||
| FTSE 100 | 7,183.64 | -0.2% | -6.6% | 7.6% |
| FTSE 250 | 19,530.17 | -0.2% | -5.8% | 14.7% |
| FTSE All Share | 3,953.47 | -0.2% | -6.4% | 9.0% |
| FTSE Small Cap | 5,637.16 | 0.5% | -4.6% | 14.9% |
| Europe (€) | ||||
| Euro Stoxx 600 | 374.82 | -0.3% | -3.7% | 7.7% |
| DAX 30 | 12,241.27 | -0.5% | -5.2% | 12.5% |
| CAC 40 | 5,258.24 | -0.3% | -1.0% | 9.3% |
| US (US$) | ||||
| S&P 500 | 2,604.47 | -2.2% | -2.6% | 19.4% |
| Dow Jones Ind | 23,932.76 | -2.3% | -3.2% | 25.1% |
| NASDAQ | 6,915.11 | -2.3% | 0.2% | 28.2% |
| Asia | ||||
| Hang Seng | 30,232.58 | 1.3% | 1.0% | 38.5% |
| Nikkei 225 | 21,674.57 | 0.5% | -4.8% | 19.1% |
| Australia 200 | 5,808.70 | 0.3% | -4.2% | 7.0% |
| MSCI AC Asia Pacific | 171.67 | 0.0% | -1.2% | 28.7% |
| World (US$) | ||||
| MSCI World (Developed) | 2,052.78 | -1.3% | -2.4% | 20.1% |
| MSCI AC World (Dev & Em) | 502.32 | -1.2% | -2.1% | 21.6% |
| MSCI Emerging Markets | 1,161.97 | -0.4% | 0.3% | 34.2% |
| MSCI AC World Value | 215.88 | -1.1% | -3.6% | 15.2% |
| MSCI AC World Growth | 275.23 | -1.4% | -0.6% | 28.3% |
| Fixed Income | ||||
| FTSE Gilts All Stocks | 3,572.41 | 0.2% | -0.5% | 3.0% |
| FTSE Index Linked All Stocks | 637.83 | 0.2% | -1.5% | 2.3% |
| ML Sterling Corporate Bonds | 393.84 | 0.2% | -1.7% | 5.7% |
| ML Global High Yield Bonds | 377.62 | 0.1% | 0.1% | 9.7% |
| Commodities (US$) | ||||
| Brent Crude Oil | 67.11 | -1.8% | 2.0% | 14.5% |
| Gold | 1,331.47 | 0.5% | 1.9% | 11.8% |
| UK Sectors | ||||
| Basic Materials | 5,863.79 | -1.5% | -7.2% | 25.0% |
| Consumer Goods and Services | 20,095.63 | 0.3% | -10.1% | 13.6% |
| Financials | 5,086.64 | -0.5% | -6.1% | 13.3% |
| Health Care | 9,578.53 | 0.1% | 0.7% | -3.7% |
| Industrials | 3,953.47 | -0.2% | -6.4% | 9.0% |
| Oil & Gas | 8,553.98 | -0.4% | -5.6% | 6.0% |
| Technology | 1,765.70 | 0.7% | -23.3% | 23.5% |
| Telecommunications | 2,926.29 | 0.5% | -13.5% | 0.1% |
| Utilities | 6,946.41 | 1.0% | -5.3% | -14.8% |
| Currencies | ||||
| $ per £ | 1.40 | -0.7% | 3.5% | 9.5% |
| € per £ | 1.14 | -0.4% | 1.5% | -4.0% |
| ¥ per £ | 150.27 | -0.3% | -1.3% | 5.3% |
| Indicators | ||||
| VIX Index (Volatility) | 21.49 | 13.5% | 94.7% | -21.4% |
| Baltic Dry Index | 948.00 | -0.5% | -30.6% | 42.1% |