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Investment Market Update

17 May 2018

World markets

FTSE 100 0.1% 7734.20
FTSE 250 0.2% 20828.79
Euro Stoxx 600 0.2% 393.21
S&P 500 0.4% 2722.46
Nikkei 0.7% 22872.13
Hang Seng (HK$) -0.3% 31014.03


Asian stocks were mixed, as Chinese tech giant Tencent Holdings Ltd. reported strong profit growth and solid US economic data gave investors some reprieve amid ongoing US-China trade talks in Washington.


US stocks rose as gains in materials and consumer discretionary companies offset losses in rate-sensitive utilities and real estate firms.


UK stocks rose, following strong results from leading software company Micro Focus and a rally among mining stocks.


  • Chinese tech giant Tencent Holdings has posted a record quarterly profit for the three months to March. The firm, which owns the popular messaging app WeChat, posted a 61% year-on-year jump in profit, to 23.29bn yuan (£2.73bn).
  • Rail services on the East Coast Main Line are being brought back under government control, following the failure of the current franchise. Operators Stagecoach and Virgin Trains will hand over control from 24 June. The Department for Transport will run the service until a new public-private partnership can be appointed in 2020.

Market data

UK (£)
FTSE 1007,734.200.1%0.6%7.6%
FTSE 25020,828.790.2%0.5%14.7%
FTSE All Share4,248.780.2%0.6%9.0%
FTSE Small Cap6,022.140.3%1.9%14.9%
St. James's Place1,185.500.3%-3.3%20.9%
Europe (€)
Euro Stoxx 600393.210.2%1.0%7.7%
DAX 3012,996.330.2%0.6%12.5%
CAC 405,567.540.3%4.8%9.3%
US (US$)
S&P 5002,722.460.4%1.8%19.4%
Dow Jones Ind24,768.930.3%0.2%25.1%
Hang Seng31,014.03-0.3%3.7%38.5%
Nikkei 22522,872.130.7%0.5%19.1%
Australia 2006,085.00-0.4%0.3%7.0%
MSCI AC Asia Pacific174.610.0%0.5%28.7%
World (US$)
MSCI World (Developed)2,122.970.1%0.9%20.1%
MSCI AC World (Dev & Em)517.040.2%0.8%21.6%
MSCI Emerging Markets1,155.100.4%-0.3%34.2%
MSCI AC World Value220.110.0%-1.7%15.2%
MSCI AC World Growth285.840.3%3.3%28.3%
Fixed Income
FTSE Gilts All Stocks3,534.990.2%-1.5%3.0%
FTSE Index Linked All Stocks621.960.2%-4.0%2.3%
ML Sterling Corporate Bonds392.660.1%-2.0%5.7%
ML Global High Yield Bonds374.11-0.2%-0.9%9.7%
Commodities (US$)
Brent Crude Oil79.281.1%21.1%14.5%
UK Sectors
Basic Materials6,791.212.7%7.5%25.0%
Consumer Goods and Services20,064.740.1%-10.3%13.6%
Health Care10,229.370.7%7.5%-3.7%
Oil & Gas9,909.08-0.5%9.4%6.0%
$ per £1.350.1%0.0%9.5%
€ per £1.14-0.3%1.2%-4.0%
¥ per £149.080.3%-2.1%5.3%
VIX Index (Volatility)13.42-8.3%21.6%-21.4%
Baltic Dry Index1,403.00-4.4%2.7%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.64%
Consumer Price Index2.50%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E13.31
FTSE All Share Adj P/E13.71
FTSE All Share Yld3.91%
15yr Gilt Yield1.76%
10yr Gilt Yield1.50%
10yr US Tres Yield3.10%

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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