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Investment Market Update

14 July 2017

World markets

FTSE 100 0.0% 7413.44
FTSE 250 0.8% 19418.34
Euro Stoxx 600 0.3% 386.14
S&P 500 0.2% 2447.83
Nikkei 0.2% 20134.09
Hang Seng (HK$) 0.0% 26352.37


Asian stocks extended their best week since March, as investors await US inflation data and earnings from some of America’s biggest banks. Shares in Japan, Australia and South Korea advanced at the end of a week.


US stocks rose as financial stocks led the gain as investors awaited quarterly results from several big banks including JP Morgan, Wells Fargo and Citigroup.


UK stocks were generally higher however the FTSE 100 closed flat. BT was the biggest riser on the index, up 4% after UK broker Numis gave the telecoms company a "buy" rating. 


  • The weakness of sterling was behind a surge in the number of tourists visiting the UK in the first three months of 2017, according to the Office for National Statistics. The number of holidaymakers coming to the UK rose by 21.1%. Overall there were a record 8.3 million visits in the quarter, a rise of nearly 10% on the same period in 2016. The visitors spent £4.4bn while in the country, also a record amount.
  • The UK's fiscal watchdog has said health costs are the biggest risk to the government's spending plans. The Office for Budget Responsibility's says the UK faces the challenge of an ageing population and the high cost of technological advances.

Market data

UK (£)
FTSE 1007,413.440.0%3.8%14.4%
FTSE 25019,418.340.8%7.4%3.7%
FTSE All Share4,049.070.1%4.5%12.5%
FTSE Small Cap5,595.890.0%8.8%11.0%
St. James's Place1,176.000.2%18.3%3.9%
Europe (€)
Euro Stoxx 600386.140.3%6.8%-1.2%
DAX 3012,641.330.1%10.1%7.0%
CAC 405,235.400.3%7.7%4.9%
US (US$)
S&P 5002,447.830.2%9.3%9.5%
Dow Jones Ind21,553.090.1%9.1%13.4%
Hang Seng26,352.370.0%19.8%0.4%
Nikkei 22520,134.090.2%5.3%1.8%
Australia 2005,751.100.2%1.5%7.0%
MSCI AC Asia Pacific156.240.6%15.7%2.3%
World (US$)
MSCI World (Developed)1,936.940.2%10.6%5.3%
MSCI AC World (Dev & Em)471.060.3%11.7%5.6%
MSCI Emerging Markets1,040.721.1%20.7%8.6%
MSCI AC World Value208.800.3%7.4%9.5%
MSCI AC World Growth250.510.3%16.2%1.8%
Fixed Income
FTSE Gilts All Stocks3,523.03-0.2%0.0%8.5%
FTSE Index Linked All Stocks618.50-0.6%-2.9%21.2%
ML Sterling Corporate Bonds391.24-0.2%2.6%10.7%
ML Global High Yield Bonds364.840.1%6.5%15.0%
Commodities (US$)
Brent Crude Oil48.421.4%-17.7%23.4%
UK Sectors
Basic Materials5,370.50-0.3%6.3%93.9%
Consumer Goods and Services22,278.890.3%13.2%9.6%
Health Care10,237.73-1.6%3.6%5.8%
Oil & Gas7,596.60-0.7%-11.1%54.2%
$ per £1.29-0.2%4.5%-16.3%
€ per £1.13-0.5%-3.7%-15.7%
¥ per £146.02-0.3%1.0%-22.7%
VIX Index (Volatility)9.90-3.9%-29.5%-22.9%
Baltic Dry Index888.003.4%-7.6%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.29%
Consumer Price Index2.90%
Retail Price Index3.70%
Yields / Ratios
FTSE 100 Adj P/E24.82
FTSE All Share Adj P/E23.34
FTSE All Share Yld3.83%
15yr Gilt Yield1.67%
10yr Gilt Yield1.30%
10yr US Tres Yield2.34%

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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