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Investment Market Update

08 December 2017

World markets

FTSE 100 -0.4% 7320.75
FTSE 250 -0.1% 19810.27
Euro Stoxx 600 0.0% 386.41
S&P 500 0.3% 2636.98
Nikkei 1.4% 22811.08
Hang Seng (HK$) 1.2% 28653.38


Asian stocks rose following a broad-based rally in US equities. Japan’s benchmarks advanced, buoyed by a weaker yen.


US stocks finished higher on a muted day of trading, helped by gains in major tech stocks.Technology stocks have been particularly volatile, but saw gains today as Facebook and Alphabet both rose by more than 1%.


UK stocks slid lower in afternoon trading as analysts pointed to a rise in the value of the pound for the fall in the FTSE 100 index.  A stronger pound is less favourable for the FTSE's many international firms, as the profits they make abroad are worth relatively less when converted back into sterling.


  • The UK and the European Union struck a deal to unlock divorce negotiations, opening the way for talks on what businesses are keenest to nail down - the nature of the post-Brexit future.
  • Congress passed a two week extension of federal funding that averts a government shutdown this week but defers decisions on spending levels for defence and domestic programs.

Market data

UK (£)
FTSE 1007,320.75-0.4%2.5%14.4%
FTSE 25019,810.27-0.1%9.6%3.7%
FTSE All Share4,025.33-0.3%3.9%12.5%
FTSE Small Cap5,728.110.1%11.4%11.0%
St. James's Place1,152.00-1.5%13.6%3.9%
Europe (€)
Euro Stoxx 600386.410.0%6.9%-1.2%
DAX 3013,045.150.4%13.6%7.0%
CAC 405,383.860.2%10.7%4.9%
US (US$)
S&P 5002,636.980.3%17.8%9.5%
Dow Jones Ind24,211.480.3%22.5%13.4%
Hang Seng28,653.381.2%30.2%0.4%
Nikkei 22522,811.081.4%19.3%1.8%
Australia 2005,994.370.3%5.8%7.0%
MSCI AC Asia Pacific167.980.4%24.4%2.3%
World (US$)
MSCI World (Developed)2,063.580.3%17.8%5.3%
MSCI AC World (Dev & Em)501.420.2%18.9%5.6%
MSCI Emerging Markets1,100.54-0.1%27.6%8.6%
MSCI AC World Value218.820.0%12.6%9.5%
MSCI AC World Growth270.690.4%25.5%1.8%
Fixed Income
FTSE Gilts All Stocks3,559.35-0.3%1.0%8.5%
FTSE Index Linked All Stocks644.61-0.5%1.2%21.2%
ML Sterling Corporate Bonds396.72-0.2%4.1%10.7%
ML Global High Yield Bonds375.37-0.1%9.6%15.0%
Commodities (US$)
Brent Crude Oil62.201.6%6.1%23.4%
UK Sectors
Basic Materials5,561.23-0.6%10.1%93.9%
Consumer Goods and Services21,824.16-0.5%10.9%9.6%
Health Care8,943.61-0.4%-9.5%5.8%
Oil & Gas8,521.86-1.1%-0.3%54.2%
$ per £1.34-0.4%8.4%-16.3%
€ per £1.13-0.3%-3.3%-15.7%
¥ per £150.14-0.8%3.9%-22.7%
VIX Index (Volatility)10.16-7.8%-27.6%-22.9%
Baltic Dry Index1,679.000.5%74.7%101.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.52%
Consumer Price Index3.00%
Retail Price Index4.00%
Yields / Ratios
FTSE 100 Adj P/E19.74
FTSE All Share Adj P/E19.25
FTSE All Share Yld3.81%
15yr Gilt Yield1.58%
10yr Gilt Yield1.25%
10yr US Tres Yield2.36%

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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