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Investment Market Update

27 April 2017

World markets

FTSE 100 0.2% 7288.72
FTSE 250 0.5% 19678.82
Euro Stoxx 600 0.5% 388.73
S&P 500 0.0% 2387.45
Nikkei -0.1% 19263.23
Hang Seng (HK$) 0.3% 24649.20


Asian markets were mostly lower after a five-day rally as the Bank of Japan cut its inflation forecast while keeping stimulus unchanged, and investors assessed a plan to overhaul US taxes.


US stocks closed lower after the Trump administration outlined its tax cut plan. The biggest mover on the Dow was Procter & Gamble, which fell nearly 2.5%.


UK stocks ticked up in Wednesday trading, with the FTSE 100 index up to 7288.72. Standard Chartered shares rose 4% after its quarterly profit nearly doubled from a year ago as the bank brought loan losses under control.


  • The Trump administration has proposed slashing the rate of corporation tax with the aim of spurring economic growth, the Treasury Secretary said. Steven Mnuchin unveiled President Trump's blueprint, which aims to cut the business tax rate from 35% to 15%. 
  • Total SA posted a 56% increase in first-quarter profit, beating analysts’ estimates as crude prices rebounded and the French giant continued to cut costs while increasing oil and gas production. “Good operational performance” and steadily decreasing production costs are allowing Total “to launch new projects and acquire resources,” Chief Executive Officer Patrick Pouyanne said in a statement. 

Market data

UK (£)
FTSE 1007,288.720.2%2.0%14.4%
FTSE 25019,678.820.5%8.9%3.7%
FTSE All Share4,001.880.2%3.3%12.5%
FTSE Small Cap5,535.450.5%7.6%11.0%
St. James's Place1,131.000.3%13.8%3.9%
Europe (€)
Euro Stoxx 600388.730.5%7.6%-1.2%
DAX 3012,472.800.0%8.6%7.0%
CAC 405,287.880.2%8.8%4.9%
US (US$)
S&P 5002,387.450.0%6.6%9.5%
Dow Jones Ind20,975.09-0.1%6.1%13.4%
Hang Seng24,649.200.3%12.0%0.4%
Nikkei 22519,263.23-0.1%0.8%1.8%
Australia 2005,921.300.2%4.5%7.0%
MSCI AC Asia Pacific149.330.4%10.6%2.3%
World (US$)
MSCI World (Developed)1,882.440.0%7.5%5.3%
MSCI AC World (Dev & Em)456.310.0%8.2%5.6%
MSCI Emerging Markets982.530.0%13.9%8.6%
MSCI AC World Value204.690.0%5.3%9.5%
MSCI AC World Growth239.800.0%11.2%1.8%
Fixed Income
FTSE Gilts All Stocks3,585.71-0.1%1.7%8.5%
FTSE Index Linked All Stocks653.51-0.5%2.6%21.2%
ML Sterling Corporate Bonds390.520.0%2.4%10.7%
ML Global High Yield Bonds357.820.0%4.5%15.0%
Commodities (US$)
Brent Crude Oil51.82-0.5%-11.3%23.4%
UK Sectors
Basic Materials5,219.830.0%3.3%93.9%
Consumer Goods and Services22,107.030.1%12.3%9.6%
Health Care10,112.74-0.7%2.4%5.8%
Oil & Gas7,675.790.3%-10.2%54.2%
$ per £1.280.1%4.1%-16.3%
€ per £1.17-0.6%0.0%-15.7%
¥ per £142.50-0.6%-1.4%-22.7%
VIX Index (Volatility)10.850.8%-22.7%-22.9%
Baltic Dry Index1,147.00-0.6%19.4%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.33%
Consumer Price Index2.30%
Retail Price Index3.10%
Yields / Ratios
FTSE 100 Adj P/E26.22
FTSE All Share Adj P/E24.55
FTSE All Share Yld3.86%
15yr Gilt Yield1.47%
10yr Gilt Yield1.08%
10yr US Tres Yield2.30%

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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