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Investment Market Update

16 January 2017

World markets

FTSE 100 0.6% 7337.81
FTSE 250 0.4% 18371.94
Euro Stoxx 600 0.9% 365.94
S&P 500 0.2% 2274.64
Nikkei -1.0% 19095.24
Hang Seng (HK$) -0.9% 22732.08


Most Asian stock markets fell after reports that UK Prime Minister, Theresa May, will signal plans to leave the European Union single market. In Japan, carmakers dropped after auto parts supplier Takata reached a settlement with US authorities over exploding airbags.


US stocks advanced as quarterly earnings from JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. sent their stocks higher and offset losses in energy and real-estate companies.


The FTSE 100 recorded its 12th consecutive record high, boosted by shares in housebuilders. Barratt Developments led the way, up 3.6%, with Persimmon and Taylor Wimpey not far behind, recording gains of 1.4% and 0.9% respectively.


  • The UK may be forced to change its "economic model" if it is locked out of the single market after Brexit, Chancellor Philip Hammond has said. Mr Hammond said the government would not "lie down" and would "do whatever we have to do" to remain competitive.
  • Luxottica, the world's biggest glasses maker, has agreed a huge merger with a rival eyewear firm. The Italian eyewear designer, which owns Ray-Ban and Oakley, is to merge with French lens maker Esillor. Combined, the two firms will be worth about €46bn.

Market data

UK (£)
FTSE 1007,337.810.6%2.7%14.4%
FTSE 25018,371.940.4%1.6%3.7%
FTSE All Share3,971.690.6%2.5%12.5%
FTSE Small Cap5,265.460.4%2.4%11.0%
St. James's Place1,085.002.5%7.0%3.9%
Europe (€)
Euro Stoxx 600365.940.9%1.3%-1.2%
DAX 3011,629.180.9%1.3%7.0%
CAC 404,922.491.2%1.2%4.9%
US (US$)
S&P 5002,274.640.2%1.6%9.5%
Dow Jones Ind19,885.730.0%0.6%13.4%
Hang Seng22,732.08-0.9%3.3%0.4%
Nikkei 22519,095.24-1.0%-0.1%1.8%
Australia 2005,748.440.5%1.5%7.0%
MSCI AC Asia Pacific140.35-0.1%3.9%2.3%
World (US$)
MSCI World (Developed)1,788.230.3%2.1%5.3%
MSCI AC World (Dev & Em)431.550.2%2.3%5.6%
MSCI Emerging Markets895.98-0.1%3.9%8.6%
MSCI AC World Value197.660.2%1.7%9.5%
MSCI AC World Growth222.000.3%3.0%1.8%
Fixed Income
FTSE Gilts All Stocks3,469.67-0.7%-1.6%8.5%
FTSE Index Linked All Stocks632.48-0.9%-0.7%21.2%
ML Sterling Corporate Bonds378.60-0.5%-0.7%10.7%
ML Global High Yield Bonds346.400.0%1.1%15.0%
Commodities (US$)
Brent Crude Oil55.45-1.0%-2.4%23.4%
UK Sectors
Basic Materials5,558.010.8%10.0%93.9%
Consumer Goods and Services20,184.960.5%2.5%9.6%
Health Care10,046.711.4%1.7%5.8%
Oil & Gas8,680.780.2%1.6%54.2%
$ per £1.20-1.5%-2.7%-16.3%
€ per £1.13-1.2%-3.6%-15.7%
¥ per £136.62-2.0%-5.5%-22.7%
VIX Index (Volatility)11.23-2.7%-20.0%-22.9%
Baltic Dry Index910.002.0%-5.3%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.36%
Consumer Price Index1.20%
Retail Price Index2.20%
Yields / Ratios
FTSE 100 Adj P/E28.07
FTSE All Share Adj P/E25.13
FTSE All Share Yld3.83%
15yr Gilt Yield1.76%
10yr Gilt Yield1.36%
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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