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Investment Market Update

24 July 2017

World markets

FTSE 100 -0.5% 7452.91
FTSE 250 -0.1% 19751.24
Euro Stoxx 600 -1.0% 380.16
S&P 500 0.0% 2472.54
Nikkei -0.6% 19983.50
Hang Seng (HK$) 0.5% 26842.52


Asian stocks ran into resistance near a 10-year high, as energy producers and industrial firms retreated before a flurry of earnings this week.


US stocks fell from record levels as investors looked ahead to a Federal Reserve meeting and manufacturing data this week.


UK stocks fell, with the FTSE 100 ending the day 34.96 points lower. Shares in bookmaker Paddy Power Betfair fell 2.1% after Investec cut its rating on the company to "sell".


  • The UK and US economies will expand more slowly in 2017 than previously predicted, according to the International Monetary Fund. It said "weaker-than-expected activity" in the first three months of the year meant the UK would grow by 1.7%, compared with an earlier 2% forecast.
  • Consumers in the UK could save billions of pounds thanks to major changes in the way electricity is made, used and stored, the government has said. New rules will make it easier for people to generate their own power with solar panels, store it in batteries and sell it to the National Grid.

Market data

UK (£)
FTSE 1007,452.91-0.5%4.3%14.4%
FTSE 25019,751.24-0.1%9.3%3.7%
FTSE All Share4,079.62-0.4%5.3%12.5%
FTSE Small Cap5,667.670.2%10.2%11.0%
St. James's Place1,219.00-1.0%22.6%3.9%
Europe (€)
Euro Stoxx 600380.16-1.0%5.2%-1.2%
DAX 3012,240.06-1.7%6.6%7.0%
CAC 405,117.66-1.6%5.3%4.9%
US (US$)
S&P 5002,472.540.0%10.4%9.5%
Dow Jones Ind21,580.07-0.1%9.2%13.4%
Hang Seng26,842.520.5%22.0%0.4%
Nikkei 22519,983.50-0.6%4.5%1.8%
Australia 2005,680.60-0.7%0.3%7.0%
MSCI AC Asia Pacific159.530.1%18.1%2.3%
World (US$)
MSCI World (Developed)1,958.77-0.2%11.9%5.3%
MSCI AC World (Dev & Em)476.77-0.2%13.0%5.6%
MSCI Emerging Markets1,060.180.1%23.0%8.6%
MSCI AC World Value210.49-0.3%8.3%9.5%
MSCI AC World Growth254.53-0.1%18.0%1.8%
Fixed Income
FTSE Gilts All Stocks3,561.580.4%1.0%8.5%
FTSE Index Linked All Stocks630.441.1%-1.0%21.2%
ML Sterling Corporate Bonds395.150.3%3.7%10.7%
ML Global High Yield Bonds368.540.1%7.6%15.0%
Commodities (US$)
Brent Crude Oil48.06-2.5%-18.3%23.4%
UK Sectors
Basic Materials5,382.38-0.9%6.5%93.9%
Consumer Goods and Services22,702.34-0.1%15.3%9.6%
Health Care10,329.520.3%4.6%5.8%
Oil & Gas7,622.74-0.9%-10.8%54.2%
$ per £1.30-0.2%5.2%-16.3%
€ per £1.120.1%-4.9%-15.7%
¥ per £145.000.4%0.3%-22.7%
VIX Index (Volatility)9.36-2.3%-33.3%-22.9%
Baltic Dry Index977.001.3%1.7%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.29%
Consumer Price Index2.60%
Retail Price Index3.50%
Yields / Ratios
FTSE 100 Adj P/E24.84
FTSE All Share Adj P/E23.49
FTSE All Share Yld3.77%
15yr Gilt Yield1.55%
10yr Gilt Yield1.17%
10yr US Tres Yield2.24%

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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