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Investment Market Update

05 May 2017

World markets

FTSE 100 0.2% 7248.10
FTSE 250 0.0% 19680.81
Euro Stoxx 600 0.7% 391.98
S&P 500 0.1% 2389.52
Nikkei 0.0% 19445.70
Hang Seng (HK$) -1.1% 24422.31


Most Asian stock markets fell with Chinese equities leading the way. The Shanghai Composite Index was in line for a fourth weekly decline as regulators try to curb leverage and speculation. Japan and South Korea were closed for a holiday.


US stocks closed flat as energy stocks were the heaviest fallers on Wall Street as the oil price hit a five-month low. Chevron shares fell 1.8% and Exxon Mobil dropped 1.3%.


UK stocks rose with the FTSE 100 closing up by nearly 0.2% at 7,248. HSBC reported a 19% fall in first-quarter profits, but the drop was not as big as expected, and its shares ended 2.8% higher. Fashion retailer Next saw the biggest decline, finishing 5.1% lower after it reported falling sales.


  • Early results in UK local council elections suggested Theresa May’s Conservative Party was on course for a sweeping victory, boosting the prime minister’s bid for a large parliamentary majority in next month’s national poll.
  • Oil fell below $45 a barrel for the first time since OPEC agreed to cut output in November as US shale confounds the producer group’s attempts to prop up prices.

Market data

UK (£)
FTSE 1007,248.100.2%1.5%14.4%
FTSE 25019,680.810.0%8.9%3.7%
FTSE All Share3,983.980.1%2.9%12.5%
FTSE Small Cap5,527.03-0.2%7.5%11.0%
St. James's Place1,159.000.6%16.6%3.9%
Europe (€)
Euro Stoxx 600391.980.7%8.5%-1.2%
DAX 3012,647.781.0%10.2%7.0%
CAC 405,372.421.3%10.5%4.9%
US (US$)
S&P 5002,389.520.1%6.7%9.5%
Dow Jones Ind20,951.470.0%6.0%13.4%
Hang Seng24,422.31-1.1%11.0%0.4%
Nikkei 22519,445.700.0%1.7%1.8%
Australia 2005,834.50-0.7%3.0%7.0%
MSCI AC Asia Pacific149.07-0.3%10.4%2.3%
World (US$)
MSCI World (Developed)1,886.480.2%7.7%5.3%
MSCI AC World (Dev & Em)457.050.1%8.3%5.6%
MSCI Emerging Markets980.07-0.6%13.7%8.6%
MSCI AC World Value203.850.0%4.9%9.5%
MSCI AC World Growth241.580.2%12.0%1.8%
Fixed Income
FTSE Gilts All Stocks3,567.82-0.5%1.2%8.5%
FTSE Index Linked All Stocks644.94-1.5%1.3%21.2%
ML Sterling Corporate Bonds391.22-0.2%2.6%10.7%
ML Global High Yield Bonds358.84-0.1%4.8%15.0%
Commodities (US$)
Brent Crude Oil48.38-4.7%-17.6%23.4%
UK Sectors
Basic Materials4,860.43-2.4%-3.8%93.9%
Consumer Goods and Services21,893.230.0%11.2%9.6%
Health Care10,202.250.2%3.3%5.8%
Oil & Gas7,548.260.0%-11.7%54.2%
$ per £1.29-0.1%4.7%-16.3%
€ per £1.180.5%0.8%-15.7%
¥ per £145.11-0.2%0.4%-22.7%
VIX Index (Volatility)10.46-2.1%-25.5%-22.9%
Baltic Dry Index1,004.00-2.9%4.5%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.32%
Consumer Price Index2.30%
Retail Price Index3.10%
Yields / Ratios
FTSE 100 Adj P/E24.35
FTSE All Share Adj P/E23.16
FTSE All Share Yld3.88%
15yr Gilt Yield1.52%
10yr Gilt Yield1.12%
10yr US Tres Yield2.35%

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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