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Investment Market Update

13 March 2018

World markets

FTSE 100 -0.1% 7214.76
FTSE 250 0.2% 20117.53
Euro Stoxx 600 0.3% 379.20
S&P 500 -0.1% 2783.02
Nikkei 0.7% 21968.10
Hang Seng (HK$) -0.4% 31483.71


Asian equity traders adopted a cautious tone following a dip in US stocks, with focus turning to a US inflation report for clues on the pace of Federal Reserve policy tightening. The dollar gained against major peers and Treasury yields held declines.


US stocks fell losing early momentum after starting the day on a positive note. Caterpillar shares fell 2.4%  as the market assessed the impact of tariffs on steel and aluminum imports on some of the US's largest companies. 


UK stocks closed lower with shares in takeaway app company Just Eat falling 4.8% after it was downgraded by Deutsche Bank. Just Eat published a new plan to expand its delivery operations last month but the analysts said it has "substantial implementation risks, additional costs and an uncertain return".


  • President Donald Trump issued an executive order Monday blocking Broadcom Ltd. from pursuing its hostile takeover of Qualcomm Inc., scuttling a $117 billion deal that had been scrutinised by a secretive panel over the tie-up’s threat to US national security. 
  • The 22 billion-euro deal that’s shaking up the world of German utilities also has a very British dimension. EON SE’s acquisition of Innogy SE will combine the two UK businesses they own, shrinking the country’s Big Six utilities to five at a time when both the government and main opposition party are pressing for lower bills. It also emphasises Britain’s dependence on foreign companies for power and natural gas. 

Market data

UK (£)
FTSE 1007,214.76-0.1%-6.2%7.6%
FTSE 25020,117.530.2%-2.9%14.7%
FTSE All Share3,991.04-0.1%-5.5%9.0%
FTSE Small Cap5,806.570.5%-1.8%14.9%
St. James's Place1,150.00-0.3%-6.2%20.9%
Europe (€)
Euro Stoxx 600379.200.3%-2.6%7.7%
DAX 3012,418.390.6%-3.9%12.5%
CAC 405,276.710.0%-0.7%9.3%
US (US$)
S&P 5002,783.02-0.1%4.1%19.4%
Dow Jones Ind25,178.61-0.6%1.9%25.1%
Hang Seng31,483.71-0.4%5.2%38.5%
Nikkei 22521,968.100.7%-3.5%19.1%
Australia 2005,974.71-0.4%-1.5%7.0%
MSCI AC Asia Pacific178.591.7%2.7%28.7%
World (US$)
MSCI World (Developed)2,154.260.2%2.4%20.1%
MSCI AC World (Dev & Em)527.300.4%2.8%21.6%
MSCI Emerging Markets1,222.201.2%5.5%34.2%
MSCI AC World Value224.850.3%0.4%15.2%
MSCI AC World Growth291.060.4%5.2%28.3%
Fixed Income
FTSE Gilts All Stocks3,519.310.0%-1.9%3.0%
FTSE Index Linked All Stocks625.400.1%-3.5%2.3%
ML Sterling Corporate Bonds393.010.0%-1.9%5.7%
ML Global High Yield Bonds378.380.1%0.3%9.7%
Commodities (US$)
Brent Crude Oil64.95-0.8%-1.7%14.5%
UK Sectors
Basic Materials6,110.09-0.1%-3.3%25.0%
Consumer Goods and Services19,756.35-0.4%-11.6%13.6%
Health Care9,057.900.1%-4.8%-3.7%
Oil & Gas8,252.39-0.2%-8.9%6.0%
$ per £1.39-0.4%2.5%9.5%
€ per £1.13-0.2%-0.1%-4.0%
¥ per £147.92-0.1%-2.8%5.3%
VIX Index (Volatility)15.787.8%42.9%-21.4%
Baltic Dry Index1,201.000.0%-12.1%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.60%
Consumer Price Index3.00%
Retail Price Index4.00%
Yields / Ratios
FTSE 100 Adj P/E12.74
FTSE All Share Adj P/E13.17
FTSE All Share Yld4.10%
15yr Gilt Yield1.76%
10yr Gilt Yield1.49%
10yr US Tres Yield2.87%

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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