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Investment Market Update

25 July 2018

World markets

FTSE 100 0.7% 7709.05
FTSE 250 0.4% 20852.87
Euro Stoxx 600 0.9% 388.18
S&P 500 0.5% 2820.40
Nikkei 0.5% 22614.25
Hang Seng (HK$) 0.7% 28865.74


Asian stocks closed higher, propelled by signs of a shift toward stimulus by China. The yuan was little changed after dropping to the weakest against the dollar in more than a year.


US stocks closed higher as strong earnings results lifted shares in many technology firms.


UK stocks ended higher, as mining stocks were boosted by the Chinese government announcing infrastructure investment policies. Top of the winners was mining conglomerate BHP Billiton, which rose 5.7%.


  • Even as President Donald Trump congratulated Mexico’s president-elect in a letter, he warned that a successful renegotiation of the North American Free Trade Agreement must be done quickly. If progress is not made, Trump said, "I must go a much different route. It would not be my preference, but would be far more profitable for the United States and its taxpayers."
  • ​Turkey may pay a high price for its failure to maintain central bank credibility in investors’ eyes. By unexpectedly holding rates on Tuesday, policy makers fuelled investor fears that monetary policy under President Recep Tayyip Erdogan’s watch will remain too loose to contain price pressures.

Market data

UK (£)
FTSE 1007,709.050.7%0.3%7.6%
FTSE 25020,852.870.4%0.6%14.7%
FTSE All Share4,235.800.6%0.3%9.0%
FTSE Small Cap5,913.530.5%0.0%14.9%
St. James's Place1,209.501.0%-1.3%20.9%
Europe (€)
Euro Stoxx 600388.180.9%-0.3%7.7%
DAX 3012,689.391.1%-1.8%12.5%
CAC 405,434.191.0%2.3%9.3%
US (US$)
S&P 5002,820.400.5%5.5%19.4%
Dow Jones Ind25,241.940.8%2.1%25.1%
Hang Seng28,865.740.7%-3.5%38.5%
Nikkei 22522,614.250.5%-0.7%19.1%
Australia 2006,247.60-0.3%3.0%7.0%
MSCI AC Asia Pacific166.910.7%-4.0%28.7%
World (US$)
MSCI World (Developed)2,151.080.5%2.3%20.1%
MSCI AC World (Dev & Em)519.000.6%1.2%21.6%
MSCI Emerging Markets1,080.381.0%-6.7%34.2%
MSCI AC World Value216.700.7%-3.3%15.2%
MSCI AC World Growth292.190.5%5.6%28.3%
Fixed Income
FTSE Gilts All Stocks3,616.630.1%0.8%3.0%
FTSE Index Linked All Stocks646.180.1%-0.2%2.3%
ML Sterling Corporate Bonds395.560.0%-1.3%5.7%
ML Global High Yield Bonds375.370.1%-0.5%9.7%
Commodities (US$)
Brent Crude Oil73.440.5%13.4%14.5%
UK Sectors
Basic Materials6,364.234.4%0.7%25.0%
Consumer Goods and Services20,600.060.1%-7.9%13.6%
Health Care10,577.770.2%11.2%-3.7%
Oil & Gas9,830.610.5%8.5%6.0%
$ per £1.31-0.2%-3.0%9.5%
€ per £1.12-0.4%-0.5%-4.0%
¥ per £146.05-0.1%-4.1%5.3%
VIX Index (Volatility)12.41-1.7%12.4%-21.4%
Baltic Dry Index1,774.003.3%29.9%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.77%
Consumer Price Index2.40%
Retail Price Index3.40%
Yields / Ratios
FTSE 100 Adj P/E13.15
FTSE All Share Adj P/E13.09
FTSE All Share Yld3.95%
15yr Gilt Yield1.54%
10yr Gilt Yield1.28%
10yr US Tres Yield2.95%

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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