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Investment Market Update

19 April 2017

World markets

FTSE 100 -2.5% 7147.50
FTSE 250 -1.2% 19297.91
Euro Stoxx 600 -1.1% 376.35
S&P 500 -0.3% 2342.19
Nikkei 0.1% 18432.20
Hang Seng (HK$) -0.5% 23796.13


Asian stocks fell in the wake of weakness in the US amid worse-than-expected corporate earnings and data. Equity markets in China were hardest hit but Japan bounced back from earlier losses as the yen weakened.


US stocks closed lower on Tuesday, after a number of key companies disappointed with their quarterly results, renewing concerns that the market's valuation may not be supported by economic activity.


UK stocks fell sharply yesterday after Theresa May announced plans to call a general election on 8 June. The pound rose strongly on the news as investors hope this supports a less pressured Brexit negotiation.


  • Theresa May's plan for a snap general election on 8 June is set to be authorised by MPs later today. The early poll is expected to secure the two-thirds Commons majority it requires to go ahead, with Labour's Jeremy Corbyn welcoming the PM's surprise announcement on Tuesday. Mrs May said that she wanted to secure the backing of the British people for her Brexit negotiations.
  • The world economy seems to be gaining momentum, according the chief economist of the International Monetary Fund. Maurice Obstfeldt said "we could be at a turning point". The report forecasts global growth this year of 3.5%, up from 3.1% predicted in 2016. The UK's economy is forecast to expand by 2% this year, stronger growth than any of the major developed economies apart from the US.

Market data

UK (£)
FTSE 1007,147.50-2.5%0.1%14.4%
FTSE 25019,297.91-1.2%6.8%3.7%
FTSE All Share3,924.93-2.2%1.3%12.5%
FTSE Small Cap5,450.02-0.6%6.0%11.0%
St. James's Place1,061.00-0.5%6.7%3.9%
Europe (€)
Euro Stoxx 600376.35-1.1%4.1%-1.2%
DAX 3012,000.44-0.9%4.5%7.0%
CAC 404,990.25-1.6%2.6%4.9%
US (US$)
S&P 5002,342.19-0.3%4.6%9.5%
Dow Jones Ind20,523.28-0.6%3.8%13.4%
Hang Seng23,796.13-0.5%8.2%0.4%
Nikkei 22518,432.200.1%-3.6%1.8%
Australia 2005,804.00-0.6%2.4%7.0%
MSCI AC Asia Pacific146.18-0.5%8.2%2.3%
World (US$)
MSCI World (Developed)1,837.34-0.5%4.9%5.3%
MSCI AC World (Dev & Em)445.31-0.5%5.6%5.6%
MSCI Emerging Markets957.70-0.5%11.1%8.6%
MSCI AC World Value199.76-0.6%2.8%9.5%
MSCI AC World Growth234.02-0.4%8.5%1.8%
Fixed Income
FTSE Gilts All Stocks3,612.050.1%2.5%8.5%
FTSE Index Linked All Stocks666.43-1.6%4.7%21.2%
ML Sterling Corporate Bonds390.940.0%2.5%10.7%
ML Global High Yield Bonds354.560.1%3.5%15.0%
Commodities (US$)
Brent Crude Oil54.89-0.8%-6.1%23.4%
UK Sectors
Basic Materials5,093.37-4.3%0.8%93.9%
Consumer Goods and Services21,960.88-1.8%11.6%9.6%
Health Care9,978.68-3.2%1.0%5.8%
Oil & Gas7,704.61-3.2%-9.9%54.2%
$ per £1.26-1.4%2.0%-16.3%
€ per £0.850.9%-0.8%-15.7%
¥ per £0.731.4%5.7%-22.7%
VIX Index (Volatility)14.42-1.6%2.7%-22.9%
Baltic Dry Index1,294.00-0.2%34.7%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.00%
Consumer Price Index2.30%
Retail Price Index3.10%
Yields / Ratios
FTSE 100 Adj P/E26.14
FTSE All Share Adj P/E24.38
FTSE All Share Yld3.95%
15yr Gilt Yield1.38%
10yr Gilt Yield1.01%
10yr US Tres Yield2.17%

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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