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Investment Market Update

01 March 2017

World markets

FTSE 100 0.1% 7263.44
FTSE 250 0.5% 18770.71
Euro Stoxx 600 0.2% 370.24
S&P 500 -0.3% 2363.64
Nikkei 1.4% 19393.54
Hang Seng (HK$) 0.2% 23785.07


Asian stocks had their biggest gain in two weeks after remarks from Federal Reserve officials bolstered investor confidence.


US stocks fell as investors awaited details on specific policy plans from US President Donald Trump’s first address to Congress.


UK stocks edged higher yesterday as gains by GKN and Pearson outweighed losses from basic resources stocks. Miners were top fallers as Randgold Resources, Fresnillo, BHP Billiton, Anglo American and Rio Tinto were all down 1.2% to 2.9%.


  • Donald Trump struck an uncharacteristically measured tone in an address to Congress that resurrected the “America First” themes of his inauguration but cloaked them in more conciliatory language. In his first speech to Congress as president, Mr Trump left markets disappointed by the lack of detail on tax cuts and other policy plans, but his call for an end to “trivial fights” marked a striking shift from the harsh rhetoric of his presidential campaign and early weeks in office. “What we are witnessing today is the renewal of the American spirit. Our allies will find that America is once again ready to lead,” Mr Trump told a joint session of Congress as he emphasised American unity and strength to both “friend and foe”.
  • Chancellor Philip Hammond has said the government would "urgently" consult on future changes to compensation rates for victims of car accidents. Insurers have warned that car insurance premiums could "soar" due to a new government formula for calculating personal injury payments. Mr Hammond met insurance bosses on Tuesday to discuss the issue. In a joint statement with the industry, he said the system must be "fair" to claimants as well as other drivers. "The government will progress urgently with a consultation on the framework for setting future rates, and bring forward any necessary legislation at an early stage," Mr Hammond said.

Market data

UK (£)
FTSE 1007,263.440.1%1.7%14.4%
FTSE 25018,770.710.5%3.8%3.7%
FTSE All Share3,953.420.2%2.1%12.5%
FTSE Small Cap5,288.34-0.6%2.8%11.0%
St. James's Place1,055.00-3.0%4.0%3.9%
Europe (€)
Euro Stoxx 600370.240.2%2.4%-1.2%
DAX 3011,834.410.1%3.1%7.0%
CAC 404,858.580.3%-0.1%4.9%
US (US$)
S&P 5002,363.64-0.3%5.6%9.5%
Dow Jones Ind20,812.24-0.1%5.3%13.4%
Hang Seng23,785.070.2%8.1%0.4%
Nikkei 22519,393.541.4%1.5%1.8%
Australia 2005,704.80-0.1%0.7%7.0%
MSCI AC Asia Pacific145.080.0%7.4%2.3%
World (US$)
MSCI World (Developed)1,838.70-0.2%5.0%5.3%
MSCI AC World (Dev & Em)444.50-0.2%5.4%5.6%
MSCI Emerging Markets936.37-0.4%8.6%8.6%
MSCI AC World Value201.86-0.1%3.8%9.5%
MSCI AC World Growth230.70-0.3%7.0%1.8%
Fixed Income
FTSE Gilts All Stocks3,569.880.3%1.3%8.5%
FTSE Index Linked All Stocks643.950.2%1.1%21.2%
ML Sterling Corporate Bonds387.680.2%1.7%10.7%
ML Global High Yield Bonds353.020.1%3.1%15.0%
Commodities (US$)
Brent Crude Oil56.510.2%-2.6%23.4%
UK Sectors
Basic Materials5,470.66-0.8%8.3%93.9%
Consumer Goods and Services21,438.490.1%8.9%9.6%
Health Care10,322.350.3%4.5%5.8%
Oil & Gas7,810.130.2%-8.6%54.2%
$ per £1.24-0.1%0.5%-16.3%
€ per £1.180.8%0.6%-15.7%
¥ per £139.200.2%-3.7%-22.7%
VIX Index (Volatility)11.93-1.3%-15.0%-22.9%
Baltic Dry Index859.00-2.2%-10.6%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.35%
Consumer Price Index1.80%
Retail Price Index2.60%
Yields / Ratios
FTSE 100 Adj P/E27.09
FTSE All Share Adj P/E24.94
FTSE All Share Yld3.86%
15yr Gilt Yield1.50%
10yr Gilt Yield1.15%
10yr US Tres Yield2.39%

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.

Source: FTSE International Limited ("FTSE") © FTSE 2017. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.

Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.


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