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Investment Market Update

02 March 2018

World markets

FTSE 100 -0.8% 7175.64
FTSE 250 -0.7% 19551.70
Euro Stoxx 600 -1.3% 374.86
S&P 500 -1.3% 2677.67
Nikkei -2.5% 21181.64
Hang Seng (HK$) -1.5% 30577.73


Asian shares dropped on Friday, adding to global stock market losses after President Donald Trump vowed to impose stiff steel and aluminum tariffs, sparking fears of a trade war.


US stocks were down after Donald Trump said the US would begin imposing heavy tariffs on imports of steel and aluminium, pushing the market lower.


UK stocks closed lower Thursday, after advertising giant WPP reported its worst results since the financial crisis and a gauge of British factory activity fell to its weakest in eight months.


  • National Grid's first "gas deficit warning" for eight years has been withdrawn. The power operator issued the warning on Thursday, saying it might not have enough gas to meet demand due to the current cold snap gripping the UK. The warning was a call to the market to boost supplies. National Grid said it did not anticipate having to issue a fresh warning on Friday, but would do if supplies dropped off again.
  • The main trading partners of the US have reacted angrily after President Donald Trump announced plans to impose tariffs on steel and aluminium imports. Canada and the EU said they would bring forward their own countermeasures to the steep new tariffs. Mexico, China and Brazil have also said they are weighing up retaliatory steps.

Market data

UK (£)
FTSE 1007,175.64-0.8%-6.7%7.6%
FTSE 25019,551.70-0.7%-5.7%14.7%
FTSE All Share3,953.28-0.7%-6.4%9.0%
FTSE Small Cap5,738.400.6%-2.9%14.9%
St. James's Place1,129.00-2.2%-7.9%20.9%
Europe (€)
Euro Stoxx 600374.86-1.3%-3.7%7.7%
DAX 3012,190.94-2.0%-5.6%12.5%
CAC 405,262.56-1.1%-0.9%9.3%
US (US$)
S&P 5002,677.67-1.3%0.2%19.4%
Dow Jones Ind24,608.98-1.7%-0.4%25.1%
Hang Seng30,577.73-1.5%2.2%38.5%
Nikkei 22521,181.64-2.5%-7.0%19.1%
Australia 2005,928.90-0.7%-2.2%7.0%
MSCI AC Asia Pacific175.76-0.9%1.1%28.7%
World (US$)
MSCI World (Developed)2,089.98-1.3%-0.6%20.1%
MSCI AC World (Dev & Em)511.90-1.2%-0.2%21.6%
MSCI Emerging Markets1,192.25-0.2%2.9%34.2%
MSCI AC World Value219.87-1.1%-1.9%15.2%
MSCI AC World Growth280.64-1.3%1.4%28.3%
Fixed Income
FTSE Gilts All Stocks3,537.550.3%-1.4%3.0%
FTSE Index Linked All Stocks634.230.3%-2.1%2.3%
ML Sterling Corporate Bonds394.290.2%-1.6%5.7%
ML Global High Yield Bonds377.02-0.2%-0.1%9.7%
Commodities (US$)
Brent Crude Oil63.83-1.4%-3.4%14.5%
UK Sectors
Basic Materials6,114.08-2.4%-3.2%25.0%
Consumer Goods and Services19,556.58-0.8%-12.5%13.6%
Health Care8,911.970.4%-6.3%-3.7%
Oil & Gas8,301.27-0.4%-8.4%6.0%
$ per £1.380.4%2.0%9.5%
€ per £1.130.4%0.3%-4.0%
¥ per £147.140.3%-3.3%5.3%
VIX Index (Volatility)22.4713.2%103.5%-21.4%
Baltic Dry Index1,196.000.3%-12.4%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.58%
Consumer Price Index3.00%
Retail Price Index4.00%
Yields / Ratios
FTSE 100 Adj P/E13.07
FTSE All Share Adj P/E13.42
FTSE All Share Yld4.10%
15yr Gilt Yield1.73%
10yr Gilt Yield1.47%
10yr US Tres Yield2.81%

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 2018. "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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