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Investment Market Update

23 October 2017

World markets

FTSE 100 0.0% 7523.23
FTSE 250 0.1% 20146.88
Euro Stoxx 600 0.3% 390.13
S&P 500 0.5% 2575.21
Nikkei 1.1% 21696.65
Hang Seng (HK$) -0.7% 28298.88


Asian stocks were mostly higher on Monday as an election win for Shinzo Abe’s ruling bloc in Japan gave a green light for more super-easy policy stimulus, while the dollar spiked to more than three month highs against the yen. The Nikkei 225 surged 1.06%, with exporters notching gains on the softer Japanese currency. Nissan rose 1.34%, Mitsubishi Motor was up 2.12% and Sony rose 1.13%.


US stocks closed up as indexes finished at fresh record highs on the back of the US Senate passing a budget blueprint, a move that is being seen as raising the likelihood of tax cuts. Bank stocks rose with JP Morgan Chase up 1% and Goldman Sachs 2%.


UK stocks were marginally up on Friday with the FTSE 100 coming close to a new record high. Banks supported the index, with Standard Chartered up 3.2% and Barclays 1.8% higher. Meanwhile Intercontinental Hotels Group slid 1.1% despite the Holiday Inn owner reporting rising third-quarter revenues.


  • Shareholders are on track to receive a record £94bn in dividend payouts from UK listed companies this year, according to a study. It comes after payouts leapt to £28.5bn in the three months to September, a record for a third quarter. The increase, which includes a rise in special dividends, was driven by bigger payouts from mining companies.
  • BMW has confirmed its head office was searched by European Union officials investigating an alleged cartel among five German carmakers. EU investigators are looking into allegations that BMW, Daimler, VW, Audi and Porsche colluded to limit their spending on emissions technology. BMW said EU staff had inspected its Munich offices, adding that it was assisting the regulators in their work.

Market data

UK (£)
FTSE 1007,523.230.0%5.3%14.4%
FTSE 25020,146.880.1%11.4%3.7%
FTSE All Share4,127.920.0%6.6%12.5%
FTSE Small Cap5,823.630.1%13.2%11.0%
St. James's Place1,176.000.8%19.9%3.9%
Europe (€)
Euro Stoxx 600390.130.3%7.9%-1.2%
DAX 3012,991.280.0%13.2%7.0%
CAC 405,372.380.1%10.5%4.9%
US (US$)
S&P 5002,575.210.5%15.0%9.5%
Dow Jones Ind23,328.630.7%18.0%13.4%
Hang Seng28,298.88-0.7%28.6%0.4%
Nikkei 22521,696.651.1%13.5%1.8%
Australia 2005,893.96-0.2%4.0%7.0%
MSCI AC Asia Pacific166.85-0.1%23.6%2.3%
World (US$)
MSCI World (Developed)2,035.580.1%16.2%5.3%
MSCI AC World (Dev & Em)496.390.1%17.7%5.6%
MSCI Emerging Markets1,119.690.2%29.9%8.6%
MSCI AC World Value218.620.2%12.5%9.5%
MSCI AC World Growth265.640.1%23.2%1.8%
Fixed Income
FTSE Gilts All Stocks3,529.06-0.6%0.1%8.5%
FTSE Index Linked All Stocks631.47-1.3%-0.8%21.2%
ML Sterling Corporate Bonds394.35-0.4%3.4%10.7%
ML Global High Yield Bonds376.21-0.1%9.8%15.0%
Commodities (US$)
Brent Crude Oil57.750.9%-1.7%23.4%
UK Sectors
Basic Materials5,966.31-0.2%18.1%93.9%
Consumer Goods and Services21,917.64-0.6%11.3%9.6%
Health Care9,937.10-0.6%0.6%5.8%
Oil & Gas8,488.570.1%-0.7%54.2%
$ per £1.32-0.2%6.7%-16.3%
€ per £1.11-0.7%-5.2%-15.7%
¥ per £148.15-1.1%2.5%-22.7%
VIX Index (Volatility)9.97-0.8%-29.0%-22.9%
Baltic Dry Index1,578.00-0.3%64.2%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.39%
Consumer Price Index3.00%
Retail Price Index3.90%
Yields / Ratios
FTSE 100 Adj P/E22.34
FTSE All Share Adj P/E21.58
FTSE All Share Yld3.78%
15yr Gilt Yield1.67%
10yr Gilt Yield1.33%
10yr US Tres Yield2.38%

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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