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Investment Market Update

04 September 2017

World markets

FTSE 100 0.1% 7438.50
FTSE 250 -0.1% 19786.18
Euro Stoxx 600 0.6% 376.14
S&P 500 0.2% 2476.55
Nikkei -0.9% 19508.25
Hang Seng (HK$) -0.6% 27780.48


Asian stocks fell as investors turned to haven assets after North Korea’s dictatorship tested a nuclear bomb on Sunday, sending the yen, gold and Treasury futures higher.


US stocks closed higher on Friday, capping a second week in a row of gains that have returned indexes to the record territory they were trading in earlier in the summer.


UK stocks closed higher as the FTSE rose 7.88 to close at 7,438.50.


  • The US economy added 156,000 jobs in August, less than the previous month and below expectations. Analysts had expected US non-farm payrolls to rise by between 175,000 and 185,000 last month. Data released by the US Department of Labor also showed that employment growth in June and July was lower than originally estimated.
  • Most economists do not expect UK interest rates to rise until 2019 despite inflation remaining above target, according to a BBC survey. Most of those surveyed think the Bank of England's Monetary Policy Committee will be reluctant to raise rates during Brexit negotiations.

Market data

UK (£)
FTSE 1007,438.500.1%4.1%14.4%
FTSE 25019,786.18-0.1%9.5%3.7%
FTSE All Share4,075.750.1%5.2%12.5%
FTSE Small Cap5,711.64-0.1%11.1%11.0%
St. James's Place1,158.000.4%18.0%3.9%
Europe (€)
Euro Stoxx 600376.140.6%4.1%-1.2%
DAX 3012,142.640.7%5.8%7.0%
CAC 405,123.260.7%5.4%4.9%
US (US$)
S&P 5002,476.550.2%10.6%9.5%
Dow Jones Ind21,987.560.2%11.3%13.4%
Hang Seng27,780.48-0.6%26.3%0.4%
Nikkei 22519,508.25-0.9%2.1%1.8%
Australia 2005,702.00-0.4%0.6%7.0%
MSCI AC Asia Pacific161.160.2%19.3%2.3%
World (US$)
MSCI World (Developed)1,965.790.3%12.3%5.3%
MSCI AC World (Dev & Em)479.900.3%13.8%5.6%
MSCI Emerging Markets1,091.360.3%26.6%8.6%
MSCI AC World Value210.840.4%8.5%9.5%
MSCI AC World Growth257.420.2%19.4%1.8%
Fixed Income
FTSE Gilts All Stocks3,603.85-0.3%2.2%8.5%
FTSE Index Linked All Stocks650.46-0.4%2.2%21.2%
ML Sterling Corporate Bonds399.49-0.2%4.8%10.7%
ML Global High Yield Bonds371.670.1%8.5%15.0%
Commodities (US$)
Brent Crude Oil52.75-0.2%-10.2%23.4%
UK Sectors
Basic Materials6,077.360.8%20.3%93.9%
Consumer Goods and Services22,292.710.0%13.3%9.6%
Health Care9,720.320.1%-1.6%5.8%
Oil & Gas7,738.88-0.3%-9.5%54.2%
$ per £1.29-0.4%4.5%-16.3%
€ per £1.09-0.6%-7.5%-15.7%
¥ per £142.03-0.5%-1.7%-22.7%
VIX Index (Volatility)10.13-4.3%-27.8%-22.9%
Baltic Dry Index1,183.00-0.1%23.1%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.28%
Consumer Price Index2.60%
Retail Price Index3.60%
Yields / Ratios
FTSE 100 Adj P/E22.32
FTSE All Share Adj P/E21.47
FTSE All Share Yld3.80%
15yr Gilt Yield1.43%
10yr Gilt Yield1.06%
10yr US Tres Yield2.17%

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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