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Investment Market Update

18 May 2018

World markets

FTSE 100 0.7% 7787.97
FTSE 250 0.9% 21019.44
Euro Stoxx 600 0.7% 395.79
S&P 500 -0.1% 2720.13
Nikkei 0.3% 22907.14
Hang Seng (HK$) 0.2% 31016.12


Asian stocks traded mixed, while remaining on track for a weekly loss as investors mull the implications of a jump in benchmark 10-year Treasury yields to their highest level since 2011.


US stocks closed lower as earlier gains in energy stocks were off-set by renewed trade worries thanks to President Trump's doubts over a resolution to US-China trade talks.


UK stocks closed higher, helped by British online grocery store Ocado, which saw its stock rise by up to 81% after signing a deal with US retail giant Kroger.


  • Theresa May used a European Union meeting in Bulgaria to seek assurances that the bloc will accept UK proposals to prevent a hard Irish border. She didn’t get the guarantees she wanted.
  • China has offered President Donald Trump a $200 billion reduction in its annual trade surplus with the US by increasing imports of American products and other steps, said a Trump administration official.

Market data

UK (£)
FTSE 1007,787.970.7%1.3%7.6%
FTSE 25021,019.440.9%1.4%14.7%
FTSE All Share4,278.590.7%1.3%9.0%
FTSE Small Cap6,015.76-0.1%1.8%14.9%
St. James's Place1,194.000.7%-2.6%20.9%
Europe (€)
Euro Stoxx 600395.790.7%1.7%7.7%
DAX 3013,114.610.9%1.5%12.5%
CAC 405,621.921.0%5.8%9.3%
US (US$)
S&P 5002,720.13-0.1%1.7%19.4%
Dow Jones Ind24,713.98-0.2%0.0%25.1%
Hang Seng31,016.120.2%3.7%38.5%
Nikkei 22522,907.140.3%0.6%19.1%
Australia 2006,085.70-0.1%0.3%7.0%
MSCI AC Asia Pacific174.12-0.3%0.2%28.7%
World (US$)
MSCI World (Developed)2,125.560.1%1.1%20.1%
MSCI AC World (Dev & Em)517.010.0%0.8%21.6%
MSCI Emerging Markets1,144.07-1.0%-1.2%34.2%
MSCI AC World Value220.090.0%-1.8%15.2%
MSCI AC World Growth285.830.0%3.3%28.3%
Fixed Income
FTSE Gilts All Stocks3,518.68-0.5%-2.0%3.0%
FTSE Index Linked All Stocks618.26-0.6%-4.6%2.3%
ML Sterling Corporate Bonds391.27-0.4%-2.4%5.7%
ML Global High Yield Bonds374.080.0%-0.9%9.7%
Commodities (US$)
Brent Crude Oil79.300.0%21.1%14.5%
UK Sectors
Basic Materials6,827.780.5%8.1%25.0%
Consumer Goods and Services20,113.780.2%-10.1%13.6%
Health Care10,282.560.5%8.1%-3.7%
Oil & Gas10,097.711.9%11.5%6.0%
$ per £1.35-0.1%-0.1%9.5%
€ per £1.14-0.2%1.5%-4.0%
¥ per £148.60-0.6%-2.4%5.3%
VIX Index (Volatility)13.430.1%21.6%-21.4%
Baltic Dry Index1,305.00-7.0%-4.5%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.63%
Consumer Price Index2.50%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E13.24
FTSE All Share Adj P/E13.66
FTSE All Share Yld3.88%
15yr Gilt Yield1.81%
10yr Gilt Yield1.56%
10yr US Tres Yield3.11%

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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