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Investment Market Update

21 November 2017

World markets

FTSE 100 0.1% 7389.46
FTSE 250 0.4% 19871.29
Euro Stoxx 600 0.7% 386.39
S&P 500 0.1% 2582.14
Nikkei 0.7% 22416.48
Hang Seng (HK$) 1.2% 29618.95


Asian stocks looked set to retest decade highs as stocks in Tokyo and Hong Kong outperformed. Chinese stocks rallied, led by financial companies, as investors reassessed warnings about excessive gains and a crackdown on shadow banking that had shaken confidence.


US stocks increased following two down weeks, although it gave up some of the gains late in the session ahead of news that the US is suing to block AT&T Inc.’s proposed takeover of Time Warner Inc.


UK stocks rose, led by shares in Thomas Cook as they rose over 5% following some upbeat broker comment. Panmure raised its rating on the travel company to "hold" from "sell", while HSBC gave the firm a "buy" rating.


  • Chemicals giant Ineos is making a move into deep water oil and gas exploration in the North Sea. Ineos has bought a majority stake in two exploration licenses in areas far to the north of Shetland, thought to have strong prospects for gas reserves. It is the latest deal for the privately-owned group which recently branched out into fashion by acquiring the motorcycle wear brand Belstaff. 
  • EasyJet's profits have fallen during what the airline called a "difficult year for the aviation industry". Pre-tax profits in the year to 30 September fell 17.3% to £408m, in line with guidance given last month. Passenger numbers rose 9.7%.

Market data

UK (£)
FTSE 1007,389.460.1%3.5%14.4%
FTSE 25019,871.290.4%9.9%3.7%
FTSE All Share4,058.050.2%4.8%12.5%
FTSE Small Cap5,748.610.0%11.8%11.0%
St. James's Place1,158.000.3%14.2%3.9%
Europe (€)
Euro Stoxx 600386.390.7%6.9%-1.2%
DAX 3013,058.660.5%13.7%7.0%
CAC 405,340.450.4%9.8%4.9%
US (US$)
S&P 5002,582.140.1%15.3%9.5%
Dow Jones Ind23,430.330.3%18.6%13.4%
Hang Seng29,618.951.2%34.6%0.4%
Nikkei 22522,416.480.7%17.3%1.8%
Australia 2005,963.520.3%5.3%7.0%
MSCI AC Asia Pacific170.02-0.2%25.9%2.3%
World (US$)
MSCI World (Developed)2,035.730.1%16.2%5.3%
MSCI AC World (Dev & Em)497.280.1%17.9%5.6%
MSCI Emerging Markets1,136.100.0%31.8%8.6%
MSCI AC World Value215.690.0%11.0%9.5%
MSCI AC World Growth270.010.2%25.2%1.8%
Fixed Income
FTSE Gilts All Stocks3,555.420.3%0.9%8.5%
FTSE Index Linked All Stocks646.471.1%1.5%21.2%
ML Sterling Corporate Bonds395.250.2%3.7%10.7%
ML Global High Yield Bonds373.960.1%9.2%15.0%
Commodities (US$)
Brent Crude Oil62.22-0.8%6.1%23.4%
UK Sectors
Basic Materials5,818.580.7%15.2%93.9%
Consumer Goods and Services21,804.460.3%10.8%9.6%
Health Care9,203.65-0.4%-6.8%5.8%
Oil & Gas8,532.12-0.1%-0.2%54.2%
$ per £1.32-0.1%7.1%-16.3%
€ per £1.12-0.4%-4.4%-15.7%
¥ per £148.14-0.6%2.5%-22.7%
VIX Index (Volatility)10.65-6.8%-24.1%-22.9%
Baltic Dry Index1,385.001.0%44.1%101.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.53%
Consumer Price Index3.00%
Retail Price Index4.00%
Yields / Ratios
FTSE 100 Adj P/E19.81
FTSE All Share Adj P/E19.40
FTSE All Share Yld3.90%
15yr Gilt Yield1.61%
10yr Gilt Yield1.29%
10yr US Tres Yield2.37%

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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