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Investment Market Update

09 February 2018

World markets

FTSE 100 -1.5% 7170.69
FTSE 250 -1.8% 19327.69
Euro Stoxx 600 -1.6% 374.03
S&P 500 -3.8% 2581.00
Nikkei -2.3% 21382.62
Hang Seng (HK$) -3.5% 29390.44


Asian stocks continue to drop after a volatile week on Wall Street. Shanghai stocks plunged more than 5% on Friday morning, while Japan's Nikkei Index fell 3.2% and the Hang Seng in Hong Kong dropped 4.3%.


US stocks fell sharply on Thursday as strong earnings and economic data were not enough to quell jitters on Wall Street about higher interest rates. The Dow Jones industrial average closed 1,032.89 points lower at 23,860.46. 


UK stocks fell on Thursday after recovering from the losses earlier in the week on Wednesday, the FTSE 100 ended the day 1.5% lower at 7,170 points. A fall was to be expected to some degree, given that the earlier jump in sterling usually means a hit for London's blue-chip index.


  • The US government has officially shut down for the second time this year because Congress failed to meet a deadline to vote on a new budget. Senators, however, debated all night, and have voted to pass the bill, which must now pass to the House.The 600 page plan proposes an increase in spending, by roughly $300bn (£215bn), on defence and domestic services.
  • Twitter has reported its first quarterly net profit helped by a rise in video advertising sales.The news gave a massive boost to Twitter's shares which closed 12% up on the day. Net profit was $91.1m (£65m) in the fourth quarter of 2017, compared with a loss of $167.1m for the same period a year ago.

Market data

UK (£)
FTSE 1007,170.69-1.5%-6.7%7.6%
FTSE 25019,327.69-1.8%-6.7%14.7%
FTSE All Share3,941.25-1.5%-6.6%9.0%
FTSE Small Cap5,648.30-0.9%-4.5%14.9%
St. James's Place1,128.00-3.2%-8.0%20.9%
Europe (€)
Euro Stoxx 600374.03-1.6%-3.9%7.7%
DAX 3012,260.29-2.6%-5.1%12.5%
CAC 405,151.68-2.0%-3.0%9.3%
US (US$)
S&P 5002,581.00-3.8%-3.5%19.4%
Dow Jones Ind23,860.46-4.1%-3.5%25.1%
Hang Seng29,390.44-3.5%-1.8%38.5%
Nikkei 22521,382.62-2.3%-6.1%19.1%
Australia 2005,837.97-0.9%-3.7%7.0%
MSCI AC Asia Pacific173.440.2%-0.2%28.7%
World (US$)
MSCI World (Developed)2,045.01-2.7%-2.8%20.1%
MSCI AC World (Dev & Em)500.70-2.5%-2.4%21.6%
MSCI Emerging Markets1,163.09-0.9%0.4%34.2%
MSCI AC World Value217.49-2.2%-2.9%15.2%
MSCI AC World Growth271.54-2.7%-1.9%28.3%
Fixed Income
FTSE Gilts All Stocks3,487.52-0.6%-2.8%3.0%
FTSE Index Linked All Stocks622.41-1.3%-3.9%2.3%
ML Sterling Corporate Bonds392.97-0.5%-2.0%5.7%
ML Global High Yield Bonds377.82-0.4%0.1%9.7%
Commodities (US$)
Brent Crude Oil64.81-1.1%-2.5%14.5%
UK Sectors
Basic Materials5,997.79-2.8%-5.1%25.0%
Consumer Goods and Services20,184.43-2.5%-9.7%13.6%
Health Care8,861.620.2%-6.9%-3.7%
Oil & Gas8,316.55-1.8%-8.2%6.0%
$ per £1.39-0.2%2.7%9.5%
€ per £1.13-0.4%0.4%-4.0%
¥ per £152.020.6%-0.1%5.3%
VIX Index (Volatility)33.4620.7%203.1%-21.4%
Baltic Dry Index1,106.000.8%-19.0%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.53%
Consumer Price Index3.00%
Retail Price Index4.10%
Yields / Ratios
FTSE 100 Adj P/E19.02
FTSE All Share Adj P/E18.56
FTSE All Share Yld4.07%
15yr Gilt Yield1.84%
10yr Gilt Yield1.62%
10yr US Tres Yield2.82%

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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