Weekly Market Update
St. James’s Place Wealth Management (SJP) is a FTSE 250 company with £30.9bn of client funds under management. Through a dedicated network of advisers, the partnership, they offer face-to-face wealth management advice, which is tailored to meet individual circumstances.
Investors in Excellence is a customer of SJP and we are delighted to share the weekly market update which we find most valuable
Please find attached this week’s Bulletin which contains the following points:
Records continue to tumble
• US and Japanese stocks continue their upward curve
• Inflows into Japanese funds from domestic investors reach record highs
Despite increasing debate over the long-term sustainability of the Federal Reserve’s support, US stocks hovered around record peaks and the US dollar reached a three-year high against most other major currencies. Over the week, the S&P 500 rose around 1.5%, contributing to a rise of more than 16% in dollar terms for the year to date. The FTSE 100 also experienced a strong week, gaining almost 1.5%, but the big winners once again were investors in Japan. The Nikkei 225 Average rose 3.6% for the week and is now more than 45% higher than the start of the year in yen terms, reaching its highest level since December 2007 as it pushed through the 15,000 barrier.
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