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Investment Market Update

18 June 2018

World markets

FTSE 100 -1.7% 7633.91
FTSE 250 -1.5% 21005.52
Euro Stoxx 600 -1.0% 389.13
S&P 500 -0.1% 2779.66
Nikkei -0.8 22672.08
Hang Seng (HK$) 0.0% 30309.49


Most Asian markets fell on Monday as investors digested the escalation in trade tensions between the US and China after both countries announced tariffs last week. The US said it will impose tariffs on $34 billion in Chinese goods beginning July 6.


US stocks were down overall although slashed early losses to close well off the lows of the day on Friday as investor worries about a US and China trade war decreased. 


UK stocks were down on Friday as traders took flight due to the spectre of trade wars. Investors are fearful surrounding President Trump's tariffs tactics, worried it will hit economic growth.


  • The owner of Clydesdale Bank and Yorkshire Bank, CYBG, has agreed to buy Virgin Money for £1.7bn. CYBG said the new firm would be a leading force in banking, "disrupting the status quo and championing customer service excellence". It will be the UK's sixth largest bank, with six million customers. 
  • ​Households could be left up to £1,000 a year worse off because of Brexit trade barriers, a report will suggest. Global consultancy firm Oliver Wyman will say that under the most negative scenario of high import tariffs and high regulatory barriers the cost to the economy could total £27bn.

Market data

UK (£)
FTSE 1007,633.91-1.7%-0.7%7.6%
FTSE 25021,005.52-1.5%1.3%14.7%
FTSE All Share4,209.94-1.6%-0.3%9.0%
FTSE Small Cap6,004.04-0.1%1.6%14.9%
St. James's Place1,204.50-2.9%-1.8%20.9%
Europe (€)
Euro Stoxx 600389.13-1.0%0.0%7.7%
DAX 3013,010.55-0.7%0.7%12.5%
CAC 405,501.88-0.5%3.6%9.3%
US (US$)
S&P 5002,779.66-0.1%4.0%19.4%
Dow Jones Ind25,090.48-0.3%1.5%25.1%
Hang Seng30,309.490.0%1.3%38.5%
Nikkei 22522,672.08-0.8%-0.4%19.1%
Australia 2006,100.600.1%0.6%7.0%
MSCI AC Asia Pacific172.69-0.2%-0.6%28.7%
World (US$)
MSCI World (Developed)2,134.15-0.4%1.5%20.1%
MSCI AC World (Dev & Em)517.21-0.4%0.8%21.6%
MSCI Emerging Markets1,113.76-1.1%-3.9%34.2%
MSCI AC World Value216.28-0.5%-3.5%15.2%
MSCI AC World Growth290.76-0.4%5.0%28.3%
Fixed Income
FTSE Gilts All Stocks3,593.01-0.1%0.1%3.0%
FTSE Index Linked All Stocks640.61-0.4%-1.1%2.3%
ML Sterling Corporate Bonds395.840.1%-1.2%5.7%
ML Global High Yield Bonds373.82-0.1%-0.9%9.7%
Commodities (US$)
Brent Crude Oil73.44-3.3%12.8%14.5%
UK Sectors
Basic Materials6,583.70-3.7%4.2%25.0%
Consumer Goods and Services20,075.37-0.1%-10.2%13.6%
Health Care10,306.42-1.7%8.3%-3.7%
Oil & Gas9,486.64-3.3%4.7%6.0%
$ per £1.330.2%-1.6%9.5%
€ per £1.14-0.1%1.5%-4.0%
¥ per £146.890.0%-3.5%5.3%
VIX Index (Volatility)11.98-1.2%8.5%-21.4%
Baltic Dry Index1,445.000.8%5.8%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.63%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E13.09
FTSE All Share Adj P/E13.49
FTSE All Share Yld3.99%
15yr Gilt Yield1.61%
10yr Gilt Yield1.33%
10yr US Tres Yield2.92%

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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