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Investment Market Update

05 February 2018

World markets

FTSE 100 -0.6% 7443.43
FTSE 250 -1.1% 19962.46
Euro Stoxx 600 -1.4% 388.07
S&P 500 -2.1% 2762.13
Nikkei -2.5% 22682.08
Hang Seng (HK$) -1.1% 32239.95


Asian stocks fell extending the biggest sell off for global stocks in two years as investors adjusted to a surge in global bond yields.


US stocks fell after disappointing earnings and amid fears of rising interest rates.


UK stocks closed lower with the FTSE 100 down 0.6%. AstraZeneca was the biggest riser, up 3% after the drug maker said it was confident about revenue growth. Glencore fell 4.2% as investors reacted to the mining giant's latest production report.


  • The hard choices of Brexit have tipped Theresa May’s Conservative Party into open warfare. It’s not clear the prime minister will survive the crossfire. May has held onto her job by avoiding too much clarity on what Britain’s divorce from the European Union might look like, even as the process has been going on for nearly a year. She still hasn’t stamped her authority or a vision of Brexit on her divided Cabinet. 
  • German Chancellor Angela Merkel is allowing extra time for talks on renewing her government alliance with the Social Democrats, suggesting that a deal is within reach.

Market data

UK (£)
FTSE 1007,443.43-0.6%-3.2%7.6%
FTSE 25019,962.46-1.1%-3.7%14.7%
FTSE All Share4,086.72-0.7%-3.2%9.0%
FTSE Small Cap5,822.07-0.8%-1.5%14.9%
St. James's Place1,188.50-0.8%-3.1%20.9%
Europe (€)
Euro Stoxx 600388.07-1.4%-0.3%7.7%
DAX 3012,785.16-1.7%-1.0%12.5%
CAC 405,364.98-1.6%1.0%9.3%
US (US$)
S&P 5002,762.13-2.1%3.3%19.4%
Dow Jones Ind25,520.96-2.5%3.2%25.1%
Hang Seng32,239.95-1.1%7.8%38.5%
Nikkei 22522,682.08-2.5%-0.4%19.1%
Australia 2006,026.23-1.6%-0.6%7.0%
MSCI AC Asia Pacific182.45-1.1%5.0%28.7%
World (US$)
MSCI World (Developed)2,171.54-1.9%3.2%20.1%
MSCI AC World (Dev & Em)531.46-1.8%3.6%21.6%
MSCI Emerging Markets1,230.84-1.4%6.2%34.2%
MSCI AC World Value230.64-1.7%3.0%15.2%
MSCI AC World Growth288.48-1.9%4.2%28.3%
Fixed Income
FTSE Gilts All Stocks3,502.57-0.3%-2.4%3.0%
FTSE Index Linked All Stocks626.69-0.1%-3.3%2.3%
ML Sterling Corporate Bonds396.08-0.3%-1.2%5.7%
ML Global High Yield Bonds381.20-0.4%1.0%9.7%
Commodities (US$)
Brent Crude Oil68.58-1.5%3.2%14.5%
UK Sectors
Basic Materials6,266.53-2.0%-0.8%25.0%
Consumer Goods and Services21,162.97-0.7%-5.4%13.6%
Health Care9,127.350.8%-4.1%-3.7%
Oil & Gas8,666.23-1.1%-4.3%6.0%
$ per £1.420.8%5.3%9.5%
€ per £1.140.6%1.3%-4.0%
¥ per £155.920.3%2.4%5.3%
VIX Index (Volatility)17.3128.5%56.8%-21.4%
Baltic Dry Index1,095.00-1.7%-19.8%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.52%
Consumer Price Index3.00%
Retail Price Index4.10%
Yields / Ratios
FTSE 100 Adj P/E19.73
FTSE All Share Adj P/E19.22
FTSE All Share Yld3.89%
15yr Gilt Yield1.81%
10yr Gilt Yield1.58%
10yr US Tres Yield2.84%

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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