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Investment Market Update

20 July 2018

World markets

FTSE 100 0.1% 7683.97
FTSE 250 -0.4% 20907.16
Euro Stoxx 600 -0.2% 386.18
S&P 500 -0.4% 2804.49
Nikkei -0.3% 22703.82
Hang Seng (HK$) 0.6% 28171.84


Asian markets overall fell Friday on signs that China and the US were preparing to impose more tariffs on each other's products.


US stocks dropped on Thursday after earnings disappointed and trade concerns escalated over worries that the European Union could impose retaliatory tariffs on goods imported from the United States.


UK stocks ended marginally higher on Thursday, reversing earlier slight losses after data showed retail sales growth rose less than expected in June, depressing the pound and supporting shares in export-oriented companies.


  • The pound has fallen under $1.30 after a surprise fall in retail sales in June, confounding expectations of an increase. The Office for National Statistics said sales fell by 0.5% last month compared with May - below forecasts of a 0.2% rise.
    While the World Cup and hot weather helped food and drink sales, they also kept shoppers away from high streets. The weak figures cast doubt on whether interest rates will rise next month.
  • Comcast has pulled out of its pursuit of 21st Century Fox, turning its focus to the attempt to take full control of Sky.  The US media and cable company’s decision to end its battle with Disney will make Murdoch’s long-held ambition of buying the 61% of Sky he does not already own a more difficult task.


Market data

UK (£)
FTSE 1007,683.970.1%0.0%7.6%
FTSE 25020,907.16-0.4%0.9%14.7%
FTSE All Share4,226.130.0%0.1%9.0%
FTSE Small Cap5,900.72-0.2%-0.2%14.9%
St. James's Place1,209.500.1%-1.3%20.9%
Europe (€)
Euro Stoxx 600386.18-0.2%-0.8%7.7%
DAX 3012,686.29-0.6%-1.8%12.5%
CAC 405,417.07-0.6%2.0%9.3%
US (US$)
S&P 5002,804.49-0.4%4.9%19.4%
Dow Jones Ind25,064.50-0.5%1.4%25.1%
Hang Seng28,171.840.6%-5.8%38.5%
Nikkei 22522,703.82-0.3%-0.3%19.1%
Australia 2006,285.900.4%3.6%7.0%
MSCI AC Asia Pacific164.65-0.4%-5.3%28.7%
World (US$)
MSCI World (Developed)2,134.84-0.3%1.5%20.1%
MSCI AC World (Dev & Em)514.45-0.4%0.3%21.6%
MSCI Emerging Markets1,060.65-0.8%-8.4%34.2%
MSCI AC World Value214.21-0.3%-4.4%15.2%
MSCI AC World Growth290.38-0.5%4.9%28.3%
Fixed Income
FTSE Gilts All Stocks3,635.280.5%1.3%3.0%
FTSE Index Linked All Stocks649.270.8%0.2%2.3%
ML Sterling Corporate Bonds397.530.3%-0.8%5.7%
ML Global High Yield Bonds374.020.0%-0.9%9.7%
Commodities (US$)
Brent Crude Oil72.58-0.4%12.1%14.5%
UK Sectors
Basic Materials6,172.91-1.4%-2.3%25.0%
Consumer Goods and Services20,631.580.9%-7.7%13.6%
Health Care10,606.190.1%11.5%-3.7%
Oil & Gas9,824.771.3%8.4%6.0%
$ per £1.310.5%-3.3%9.5%
€ per £1.120.2%-0.5%-4.0%
¥ per £147.330.5%-3.2%5.3%
VIX Index (Volatility)12.876.4%16.6%-21.4%
Baltic Dry Index1,657.00-1.8%21.3%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.75%
Consumer Price Index2.40%
Retail Price Index3.40%
Yields / Ratios
FTSE 100 Adj P/E13.11
FTSE All Share Adj P/E13.06
FTSE All Share Yld3.97%
15yr Gilt Yield1.47%
10yr Gilt Yield1.19%
10yr US Tres Yield2.84%

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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