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Investment Market Update

13 November 2017

World markets

FTSE 100 -0.7% 7432.99
FTSE 250 -0.3% 20020.85
Euro Stoxx 600 -0.4% 388.69
S&P 500 -0.1% 2582.30
Nikkei -1.3% 22380.99
Hang Seng (HK$) 0.3% 29208.41


Asian stocks were mixed as investors sought fresh catalysts after last week’s run to record highs. Stocks in Tokyo deepened a decline going into the close of the session, with the Nikkei 225 Stock Average falling the most in six months. Hong Kong stocks were firmer after a reshuffle of the benchmark Hang Seng Index.


US stocks closed lower after US lawmakers released a tax proposal that would postpone corporate tax cuts until 2019.


UK stocks ended the week lower as retail shares continued to lose ground. Retail distribution group Bunzl was the biggest faller in the FTSE 100 index, down more than 6%, after Morgan Stanley flagged up the risk to the company from Amazon's business-to-business venture.


  • The Labour Party accused Prime Minister Theresa May of lacking the support within her Conservative Party to deliver the Brexit transition period she’s proposed, and urged her to work instead with the opposition to pave the way for one.
  • China is poised for an acceleration of deals as confidence grows in the wake of last month’s Communist Party gathering and as the nation opens up to reforms. Deal making activity will pick up now that the country’s 19th Party Congress is over, ending a wait-and-see period leading up to the event, said Carl Chien, JPMorgan Chase & Co. Look for increased activity in the tourism and airline sectors, he said.

Market data

UK (£)
FTSE 1007,432.99-0.7%4.1%14.4%
FTSE 25020,020.85-0.3%10.8%3.7%
FTSE All Share4,084.05-0.6%5.4%12.5%
FTSE Small Cap5,820.95-0.1%13.2%11.0%
St. James's Place1,146.000.0%13.0%3.9%
Europe (€)
Euro Stoxx 600388.69-0.4%7.5%-1.2%
DAX 3013,127.47-0.4%14.3%7.0%
CAC 405,380.72-0.5%10.7%4.9%
US (US$)
S&P 5002,582.30-0.1%15.3%9.5%
Dow Jones Ind23,422.21-0.2%18.5%13.4%
Hang Seng29,208.410.3%32.8%0.4%
Nikkei 22522,380.99-1.3%17.1%1.8%
Australia 2006,021.77-0.1%6.3%7.0%
MSCI AC Asia Pacific171.30-0.3%26.8%2.3%
World (US$)
MSCI World (Developed)2,040.25-0.1%16.5%5.3%
MSCI AC World (Dev & Em)497.86-0.1%18.0%5.6%
MSCI Emerging Markets1,128.49-0.5%30.9%8.6%
MSCI AC World Value216.99-0.2%11.6%9.5%
MSCI AC World Growth269.09-0.1%24.8%1.8%
Fixed Income
FTSE Gilts All Stocks3,528.34-0.7%0.1%8.5%
FTSE Index Linked All Stocks638.73-0.9%0.3%21.2%
ML Sterling Corporate Bonds394.52-0.6%3.5%10.7%
ML Global High Yield Bonds373.150.0%8.9%15.0%
Commodities (US$)
Brent Crude Oil63.52-0.6%8.3%23.4%
UK Sectors
Basic Materials5,948.87-0.1%17.8%93.9%
Consumer Goods and Services21,804.65-0.4%10.8%9.6%
Health Care9,165.37-1.5%-7.2%5.8%
Oil & Gas8,832.76-1.4%3.3%54.2%
$ per £1.310.5%4.7%-16.3%
€ per £1.13-0.1%-3.7%-15.7%
¥ per £148.80-0.7%3.0%-22.7%
VIX Index (Volatility)11.297.5%-19.6%-22.9%
Baltic Dry Index1,464.00-1.1%52.3%101.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.53%
Consumer Price Index3.00%
Retail Price Index3.90%
Yields / Ratios
FTSE 100 Adj P/E20.11
FTSE All Share Adj P/E19.70
FTSE All Share Yld3.88%
15yr Gilt Yield1.67%
10yr Gilt Yield1.34%
10yr US Tres Yield2.40%

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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