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Investment Market Update

25 May 2017

World markets

FTSE 100 0.4% 7514.90
FTSE 250 0.2% 19950.52
Euro Stoxx 600 0.1% 392.37
S&P 500 0.2% 2404.39
Nikkei 0.4% 19822.78
Hang Seng (HK$) 0.9% 25669.70

asia

Asian markets rose as traders welcomed indications from the Federal Reserve that interest rates could rise next month, while oil prices rallied ahead of an expected extension to output cuts. 

us

US stocks closed higher for a fifth-straight day Wednesday, buoyed by the minutes of the Federal Reserve's May meeting, which eased concerns that the Fed's plan to trim its $4.5 trillion balance would be aggressive.

uk

UK stocks closed higher on Wednesday, helped by gains in Marks & Spencer after its solid results and by advances in energy stocks. Retailer Kingfisher dropped 7% after reporting a first-quarter fall in revenues of 0.6% on the back of weak trading in France.


Headlines

  • China's credit rating has been cut over fears that growth in the world's second-biggest economy will slow in the coming years. Moody's cut the rating by one notch to A1 from Aa3. It was the first time the agency has downgraded the country since 1989.
     
  • OPEC are poised to extend their production cuts for another nine months after last year’s agreement failed to clear a global supply glut or deliver a sustainable price recovery. While fuel stockpiles around the world are falling, ministers from Saudi Arabia, Algeria, Venezuela and the United Arab Emirates acknowledged that the surplus built up during three years of overproduction won’t be cleared until at least the end of 2017, or possibly even later.

Market data

Price1dYTD2016
UK (£)
FTSE 1007,514.900.4%5.2%14.4%
FTSE 25019,950.520.2%10.4%3.7%
FTSE All Share4,112.930.4%6.2%12.5%
FTSE Small Cap5,647.410.3%9.8%11.0%
St. James's Place1,180.000.3%18.7%3.9%
Europe (€)
Euro Stoxx 600392.370.1%8.6%-1.2%
DAX 3012,642.87-0.1%10.1%7.0%
CAC 405,341.34-0.1%9.9%4.9%
US (US$)
S&P 5002,404.390.2%7.4%9.5%
Dow Jones Ind21,012.420.4%6.3%13.4%
NASDAQ6,163.020.4%14.5%7.5%
Asia
Hang Seng25,669.700.9%16.7%0.4%
Nikkei 22519,822.780.4%3.7%1.8%
Australia 2005,789.600.4%2.2%7.0%
MSCI AC Asia Pacific151.70-0.1%12.3%2.3%
World (US$)
MSCI World (Developed)1,907.810.1%8.9%5.3%
MSCI AC World (Dev & Em)462.930.1%9.7%5.6%
MSCI Emerging Markets1,005.030.1%16.6%8.6%
MSCI AC World Value205.070.0%5.5%9.5%
MSCI AC World Growth246.330.2%14.2%1.8%
Fixed Income
FTSE Gilts All Stocks3,600.790.0%2.2%8.5%
FTSE Index Linked All Stocks662.820.0%4.1%21.2%
ML Sterling Corporate Bonds395.010.1%3.6%10.7%
ML Global High Yield Bonds362.070.0%5.7%15.0%
Commodities (US$)
Brent Crude Oil53.96-0.4%-8.1%23.4%
Gold1,252.06-0.1%8.6%8.6%
UK Sectors
Basic Materials5,179.08-0.2%2.5%93.9%
Consumer Goods and Services22,721.870.4%15.4%9.6%
Financials5,100.000.3%6.7%8.6%
Health Care10,691.350.6%8.2%5.8%
Industrials4,112.930.4%6.2%15.4%
Oil & Gas7,990.820.6%-6.5%54.2%
Technology1,920.651.7%-4.1%33.4%
Telecommunications3,492.120.4%3.3%-14.7%
Utilities9,163.480.4%6.4%2.5%
Currencies
$ per £1.300.4%5.2%-16.3%
€ per £1.160.2%-1.1%-15.7%
¥ per £144.930.0%0.3%-22.7%
Indicators
VIX Index (Volatility)10.02-6.5%-28.6%-22.9%
Baltic Dry Index934.00-1.6%-2.8%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.30%
Consumer Price Index2.70%
Retail Price Index3.50%
Yields / Ratios
FTSE 100 Adj P/E25.35
FTSE All Share Adj P/E23.90
FTSE All Share Yld3.75%
15yr Gilt Yield1.45%
10yr Gilt Yield1.07%
10yr US Tres Yield2.25%

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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