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Investment Market Update

22 June 2018

World markets

FTSE 100 -0.9% 7556.44
FTSE 250 -0.9% 20729.05
Euro Stoxx 600 -0.9% 380.85
S&P 500 -0.6% 2749.76
Nikkei -0.9% 22489.60
Hang Seng (HK$) -0.3% 29221.14

asia

Asian stocks traded lower amid ongoing concern global trade restrictions will curb growth. Oil prices rose as OPEC moved closer to a deal on output.

us

US stocks finished lower and the Dow Jones Industrial Average turned negative for the year as a quick escalation of tension between the US and China unnerved investors.

uk

UK stocks closed lower as the pound extended gains triggered by the Bank of England's chief economist vote for an immediate rate hike. Shares in Dixons Carphone rose as results were better than expected given the changes made by new CEO Alex Baldock three weeks ago.


Headlines

  • Mark Carney said the Bank of England needs to adapt to the unprecedented changes in the global economy and the financial system as he unveiled another overhaul of the institution’s powers. Under a new framework the Treasury will pump £1.2 billion of capital into the BOE, which in turn will have the ability to take on greater risk if it needs to act to keep the banking system and the economy on an even keel.
     
  • ​OPEC and its allies reached a preliminary agreement in the face of strong opposition from Iran to boost production by a theoretical 1 million barrels a day. The actual increase will be smaller as several countries are unable to raise output.

Market data

Price1dYTD2017
UK (£)
FTSE 1007,556.44-0.9%-1.7%7.6%
FTSE 25020,729.05-0.9%0.0%14.7%
FTSE All Share4,164.99-0.9%-1.3%9.0%
FTSE Small Cap5,936.15-0.6%0.4%14.9%
St. James's Place1,168.00-1.1%-4.7%20.9%
Europe (€)
Euro Stoxx 600380.85-0.9%-2.1%7.7%
DAX 3012,511.91-1.4%-3.1%12.5%
CAC 405,316.01-1.0%0.1%9.3%
US (US$)
S&P 5002,749.76-0.6%2.8%19.4%
Dow Jones Ind24,461.70-0.8%-1.0%25.1%
NASDAQ7,712.95-0.9%11.7%28.2%
Asia
Hang Seng29,221.14-0.3%-2.3%38.5%
Nikkei 22522,489.60-0.9%-1.2%19.1%
Australia 2006,223.80-0.1%2.6%7.0%
MSCI AC Asia Pacific169.02-0.5%-2.8%28.7%
World (US$)
MSCI World (Developed)2,105.93-0.6%0.1%20.1%
MSCI AC World (Dev & Em)509.34-0.6%-0.7%21.6%
MSCI Emerging Markets1,080.19-1.2%-6.8%34.2%
MSCI AC World Value212.75-0.6%-5.0%15.2%
MSCI AC World Growth286.64-0.6%3.6%28.3%
Fixed Income
FTSE Gilts All Stocks3,601.130.2%0.3%3.0%
FTSE Index Linked All Stocks639.940.3%-1.2%2.3%
ML Sterling Corporate Bonds396.080.0%-1.2%5.7%
ML Global High Yield Bonds373.320.0%-1.1%9.7%
Commodities (US$)
Brent Crude Oil73.05-2.3%12.2%14.5%
Gold1,268.92-0.3%-2.9%11.8%
UK Sectors
Basic Materials6,396.40-0.9%1.3%25.0%
Consumer Goods and Services20,050.35-0.3%-10.3%13.6%
Financials5,181.37-1.4%-4.3%13.3%
Health Care10,209.40-0.6%7.3%-3.7%
Industrials4,164.99-0.9%-1.3%9.0%
Oil & Gas9,448.67-0.8%4.3%6.0%
Technology1,919.20-1.0%-16.6%23.5%
Telecommunications2,695.90-0.6%-20.3%0.1%
Utilities7,137.00-1.3%-2.7%-14.8%
Currencies
$ per £1.32-0.4%-2.3%9.5%
€ per £1.14-0.2%1.1%-4.0%
¥ per £145.42-0.2%-4.5%5.3%
Indicators
VIX Index (Volatility)14.6414.5%32.6%-21.4%
Baltic Dry Index1,347.00-1.9%-1.4%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/E13.00
FTSE All Share Adj P/E12.98
FTSE All Share Yld4.03%
15yr Gilt Yield1.58%
10yr Gilt Yield1.28%
10yr US Tres Yield2.90%

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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