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Investment Market Update

12 July 2018

World markets

FTSE 100 -1.3% 7591.96
FTSE 250 -1.0% 20642.27
Euro Stoxx 600 -1.3% 381.40
S&P 500 -0.7% 2774.02
Nikkei 1.2% 22187.96
Hang Seng (HK$) 1.0% 28605.44


Asian stocks were up on Thursday, with markets shaking off some of the trade jitters seen overnight after the Trump administration announced a list of Chinese goods that may be subject to new tariffs.


US stocks were down on Wednesday as tensions between the two largest economies in the world, the US and China, increased further. Some investors fear it could morph into a full-on trade war.


UK stocks tumbled into the red on Wednesday as traders took risk off the table amid trade worries.


  • US President Donald Trump's visit to the UK will be an opportunity to boost trade links and strengthen co-operation on security, Theresa May has said. Mr Trump, who arrives this afternoon for a two-day working visit, will spend time with the Queen and Mrs May.
  • The battle for Sky intensified on Wednesday night as Comcast raised its bid for Sky, valuing the pay TV giant at £26bn. The move by the NBC owner came less than 24 hours after 21st Century Fox increased its offer to £24.5bn. Comcast said its sweetened offer has been recommended by Sky's independent committee of directors. 

Market data

UK (£)
FTSE 1007,591.96-1.3%-1.2%7.6%
FTSE 25020,642.27-1.0%-0.4%14.7%
FTSE All Share4,176.22-1.2%-1.1%9.0%
FTSE Small Cap5,874.90-0.8%-0.6%14.9%
St. James's Place1,173.50-0.7%-4.3%20.9%
Europe (€)
Euro Stoxx 600381.40-1.3%-2.0%7.7%
DAX 3012,417.13-1.5%-3.9%12.5%
CAC 405,353.93-1.5%0.8%9.3%
US (US$)
S&P 5002,774.02-0.7%3.8%19.4%
Dow Jones Ind24,700.45-0.9%-0.1%25.1%
Hang Seng28,605.441.0%-4.4%38.5%
Nikkei 22522,187.961.2%-2.5%19.1%
Australia 2006,268.300.8%3.3%7.0%
MSCI AC Asia Pacific164.06-1.0%-5.6%28.7%
World (US$)
MSCI World (Developed)2,117.30-0.9%0.7%20.1%
MSCI AC World (Dev & Em)510.92-0.9%-0.4%21.6%
MSCI Emerging Markets1,064.72-1.1%-8.1%34.2%
MSCI AC World Value213.93-1.0%-4.5%15.2%
MSCI AC World Growth286.87-0.7%3.6%28.3%
Fixed Income
FTSE Gilts All Stocks3,602.360.0%0.4%3.0%
FTSE Index Linked All Stocks641.860.4%-0.9%2.3%
ML Sterling Corporate Bonds394.280.0%-1.6%5.7%
ML Global High Yield Bonds373.41-0.1%-1.1%9.7%
Commodities (US$)
Brent Crude Oil73.40-6.9%13.3%14.5%
UK Sectors
Basic Materials6,119.05-3.2%-3.1%25.0%
Consumer Goods and Services20,315.58-0.5%-9.1%13.6%
Health Care10,275.33-0.8%8.0%-3.7%
Oil & Gas9,788.23-2.5%8.0%6.0%
$ per £1.330.2%-1.9%9.5%
€ per £1.13-0.1%0.3%-4.0%
¥ per £147.45-0.3%-3.1%5.3%
VIX Index (Volatility)13.637.8%23.5%-21.4%
Baltic Dry Index1,586.002.0%16.1%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.72%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E12.95
FTSE All Share Adj P/E12.90
FTSE All Share Yld4.01%
15yr Gilt Yield1.56%
10yr Gilt Yield1.29%
10yr US Tres Yield2.85%

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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