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Investment Market Update

24 March 2017

World markets

FTSE 100 0.2% 7340.71
FTSE 250 0.9% 19002.27
Euro Stoxx 600 0.8% 377.20
S&P 500 -0.1% 2345.96
Nikkei 0.9% 19262.53
Hang Seng (HK$) 0.0% 24316.41


Asian markets are rounding off the week on a mildly positive note following a sell-off on Wednesday. Japan's benchmark Nikkei closed 0.9% higher.


US stocks closed little changed yesterday, as a key debate over the healthcare bill in Congress was postponed. Investors are concerned that the setback casts doubt on whether President Trump can push through other business-friendly tax and spending changes.


UK stocks ended the day higher led by retailer Next, as investors reacted to its results. Next shares jumped by 8% despite the retailer reporting its first fall in annual profits for eight years, with profits dropping to £790m.


  • OPEC and allies reviewing the impact of their oil cuts this weekend face a market with an unambiguous message: their work is far from done. As producers meet in Kuwait to gauge how well they’ve implemented output cuts agreed on last year, talks will be overshadowed by the question of whether the persisting glut requires the curbs to be extended beyond the summer.
  • Former US Trade Representative Michael Froman said the goals of a 12-nation Pacific trade pact he helped negotiate are likely to live on in some fashion and that President Donald Trump’s decision to abandon the agreement was a "terrible mistake."

Market data

UK (£)
FTSE 1007,340.710.2%2.8%14.4%
FTSE 25019,002.270.9%5.1%3.7%
FTSE All Share3,997.130.3%3.2%12.5%
FTSE Small Cap5,366.530.1%4.3%11.0%
St. James's Place1,056.001.4%4.1%3.9%
Europe (€)
Euro Stoxx 600377.200.8%4.4%-1.2%
DAX 3012,039.681.1%4.9%7.0%
CAC 405,032.760.8%3.5%4.9%
US (US$)
S&P 5002,345.96-0.1%4.8%9.5%
Dow Jones Ind20,656.580.0%4.5%13.4%
Hang Seng24,316.410.0%10.5%0.4%
Nikkei 22519,262.530.9%0.8%1.8%
Australia 2005,753.550.8%1.5%7.0%
MSCI AC Asia Pacific147.490.1%9.2%2.3%
World (US$)
MSCI World (Developed)1,844.970.1%5.4%5.3%
MSCI AC World (Dev & Em)447.480.1%6.1%5.6%
MSCI Emerging Markets967.920.1%12.3%8.6%
MSCI AC World Value202.280.2%4.1%9.5%
MSCI AC World Growth233.340.1%8.2%1.8%
Fixed Income
FTSE Gilts All Stocks3,547.71-0.5%0.7%8.5%
FTSE Index Linked All Stocks637.18-0.5%0.1%21.2%
ML Sterling Corporate Bonds386.15-0.4%1.3%10.7%
ML Global High Yield Bonds350.730.1%2.4%15.0%
Commodities (US$)
Brent Crude Oil50.56-0.2%-12.9%23.4%
UK Sectors
Basic Materials5,412.99-1.3%7.1%93.9%
Consumer Goods and Services21,929.45-0.2%11.4%9.6%
Health Care10,531.140.9%6.6%5.8%
Oil & Gas7,852.750.0%-8.1%54.2%
$ per £1.250.0%1.4%-16.3%
€ per £1.16-0.2%-1.3%-15.7%
¥ per £139.160.1%-3.7%-22.7%
VIX Index (Volatility)13.122.4%-6.6%-22.9%
Baltic Dry Index1,196.000.5%24.5%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.34%
Consumer Price Index2.30%
Retail Price Index3.20%
Yields / Ratios
FTSE 100 Adj P/E26.79
FTSE All Share Adj P/E24.70
FTSE All Share Yld3.86%
15yr Gilt Yield1.58%
10yr Gilt Yield1.23%
10yr US Tres Yield2.42%

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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