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Investment Market Update

02 August 2018

World markets

FTSE 100 -1.2% 7652.91
FTSE 250 -0.4% 20801.47
Euro Stoxx 600 -0.5% 389.84
S&P 500 -0.1% 2813.36
Nikkei -1.1% 22496.00
Hang Seng (HK$) -2.3% 27702.59


Asian stocks closed mixed on Wednesday as investors digested news related to the US - China trade dispute. Chinese equities were in negative territory as sentiment took a hit on news that the Trump administration intended to propose higher tariffs.


US stocks closed mostly lower Wednesday after the Federal Reserve left interest rates unchanged but signaled another imminent rate increase.


UK Stocks closed lower on Wednesday as investors were put off by disappointing manufacturing figures from China amid trade worries and ahead of tomorrow’s Bank of England rate decision.


  • The Bank of England is expected to raise interest rates for only the second time in a decade. Economists and investors expect the Monetary Policy Committee to increase rates from 0.5% to 0.75%. Changes to the Bank rate affect tens of thousands of savings accounts, loans and mortgages.
  • Tesla delivered more of its Model 3 cars in the most recent quarter, helping to boost revenues. Elon Musk's electric car company had revenues of $4bn in the three months to June, rising 43% from the same period last year. The growth came as Tesla delivered more than 40,000 cars in the quarter, including about 18,000 Model 3s.

Market data

UK (£)
FTSE 1007,652.91-1.2%-0.5%7.6%
FTSE 25020,801.47-0.4%0.4%14.7%
FTSE All Share4,208.63-1.1%-0.3%9.0%
FTSE Small Cap5,887.200.1%-0.4%14.9%
St. James's Place1,165.50-3.3%-4.9%20.9%
Europe (€)
Euro Stoxx 600389.84-0.5%0.2%7.7%
DAX 3012,737.05-0.5%-1.4%12.5%
CAC 405,498.37-0.2%3.5%9.3%
US (US$)
S&P 5002,813.36-0.1%5.2%19.4%
Dow Jones Ind25,333.82-0.3%2.5%25.1%
Hang Seng27,702.59-2.3%-7.4%38.5%
Nikkei 22522,496.00-1.1%-1.2%19.1%
Australia 2006,247.60-0.4%3.0%7.0%
MSCI AC Asia Pacific167.380.2%-3.7%28.7%
World (US$)
MSCI World (Developed)2,149.36-0.2%2.2%20.1%
MSCI AC World (Dev & Em)518.99-0.2%1.2%21.6%
MSCI Emerging Markets1,086.88-0.1%-6.2%34.2%
MSCI AC World Value218.55-0.5%-2.4%15.2%
MSCI AC World Growth289.800.1%4.7%28.3%
Fixed Income
FTSE Gilts All Stocks3,573.93-0.5%-0.4%3.0%
FTSE Index Linked All Stocks637.69-0.8%-1.6%2.3%
ML Sterling Corporate Bonds393.85-0.2%-1.7%5.7%
ML Global High Yield Bonds376.780.0%-0.2%9.7%
Commodities (US$)
Brent Crude Oil72.39-2.5%12.4%14.5%
UK Sectors
Basic Materials6,283.99-2.5%-0.5%25.0%
Consumer Goods and Services21,065.46-0.4%-5.8%13.6%
Health Care10,744.89-0.3%12.9%-3.7%
Oil & Gas9,539.05-1.8%5.3%6.0%
$ per £1.310.1%-2.9%9.5%
€ per £1.12-0.2%-0.4%-4.0%
¥ per £146.760.2%-3.6%5.3%
VIX Index (Volatility)13.152.5%19.1%-21.4%
Baltic Dry Index1,760.000.7%28.8%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.80%
Consumer Price Index2.40%
Retail Price Index3.40%
Yields / Ratios
FTSE 100 Adj P/E12.48
FTSE All Share Adj P/E12.54
FTSE All Share Yld3.99%
15yr Gilt Yield1.64%
10yr Gilt Yield1.38%
10yr US Tres Yield3.01%

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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