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Investment Market Update

16 February 2018

World markets

FTSE 100 0.3% 7234.81
FTSE 250 0.6% 19574.76
Euro Stoxx 600 0.5% 376.51
S&P 500 1.2% 2731.20
Nikkei 1.2% 21720.25
Hang Seng (HK$) 0.0% 31115.43


Asian equities ended mixed on the last day of the week, but trading in the region was subdued with many markets shut for the Lunar New Year holiday. China, Hong Kong, Taiwan, South Korea, Malaysia and Vietnam were all closed. Japans benchmark the Nikkei rallied 1.19%, notching a weekly gain of 1.58%.


US equities continued to rise on Thursday as stocks closed out their fifth day of gains, with the S&P 500 now just 4.9% away from its all-time high. On the US data front, jobless claims increased by 7,000 to a seasonally adjusted 230,000, rebounding from a near 45-year low. 


UK stocks were marginally up as they held onto gains from Wednesday. Standard Life Aberdeen was the biggest faller in the FTSE 100 after Lloyds Banking Group and Scottish Widows called time on a large asset management contract with the recently merged firm. 


  • The extent at which young people are locked out of the British housing market has been revealed in new figures from economists. The biggest decline in home ownership in the last 20 years has been among middle-income 25 to 34-year-olds, the Institute for Fiscal Studies said. In 1995-96, 65% of this group owned a home, but just 27% do in 2015-16. 
  • French car giant Renault has asked Carlos Ghosn to stay on as chief executive for a further four years. There had been some speculation that he would relinquish his role as head of the firm - a position he has held since 2005. Shareholders will vote on Mr Ghosn's re-appointment at a meeting in June.

Market data

UK (£)
FTSE 1007,234.810.3%-5.9%7.6%
FTSE 25019,574.760.6%-5.6%14.7%
FTSE All Share3,978.900.4%-5.8%9.0%
FTSE Small Cap5,695.840.4%-3.7%14.9%
St. James's Place1,117.00-0.3%-8.9%20.9%
Europe (€)
Euro Stoxx 600376.510.5%-3.3%7.7%
DAX 3012,346.170.1%-4.4%12.5%
CAC 405,222.521.1%-1.7%9.3%
US (US$)
S&P 5002,731.201.2%2.2%19.4%
Dow Jones Ind25,200.371.2%1.9%25.1%
Hang Seng31,115.430.0%4.0%38.5%
Nikkei 22521,720.251.2%-4.6%19.1%
Australia 2005,904.04-0.1%-2.7%7.0%
MSCI AC Asia Pacific175.951.3%1.2%28.7%
World (US$)
MSCI World (Developed)2,130.941.2%1.3%20.1%
MSCI AC World (Dev & Em)521.251.2%1.6%21.6%
MSCI Emerging Markets1,202.621.5%3.8%34.2%
MSCI AC World Value224.531.0%0.2%15.2%
MSCI AC World Growth284.981.4%3.0%28.3%
Fixed Income
FTSE Gilts All Stocks3,472.83-0.3%-3.2%3.0%
FTSE Index Linked All Stocks617.470.0%-4.7%2.3%
ML Sterling Corporate Bonds389.88-0.1%-2.7%5.7%
ML Global High Yield Bonds377.890.5%0.1%9.7%
Commodities (US$)
Brent Crude Oil64.330.0%-3.2%14.5%
UK Sectors
Basic Materials6,426.471.9%1.7%25.0%
Consumer Goods and Services20,114.590.1%-10.0%13.6%
Health Care8,848.98-0.2%-7.0%-3.7%
Oil & Gas8,199.13-1.3%-9.5%6.0%
$ per £1.40-0.5%3.4%9.5%
€ per £1.13-0.1%0.0%-4.0%
¥ per £149.63-0.1%-1.7%5.3%
VIX Index (Volatility)19.13-0.7%73.3%-21.4%
Baltic Dry Index1,089.00-0.5%-20.3%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.54%
Consumer Price Index3.00%
Retail Price Index4.00%
Yields / Ratios
FTSE 100 Adj P/E18.77
FTSE All Share Adj P/E18.44
FTSE All Share Yld4.02%
15yr Gilt Yield1.89%
10yr Gilt Yield1.65%
10yr US Tres Yield2.91%

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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