to help you make informed decisions about your wealth
Archived article
Photo of coffee and notebook

Investment Market Update

28 February 2017

World markets

FTSE 100 0.1% 7253.00
FTSE 250 0.4% 18671.06
Euro Stoxx 600 -0.1% 369.52
S&P 500 0.1% 2369.75
Nikkei 0.1% 19118.99
Hang Seng (HK$) -0.6% 23774.78


Asian stocks erased gains as a rally in Tokyo faltered and the yen strengthened ahead of President Donald Trump’s address to Congress.


US stocks fluctuated near all-time highs, while the dollar and Treasuries retreated as investors awaited clues on President Donald Trump’s spending priorities.


UK stocks closed higher, but shares in insurance companies slid following a change to how personal injury claims are calculated. The change, made by the Ministry of Justice, is expected to increase payouts to accident victims and affect insurance companies' profits.


  • Government departments have been told to find spending cuts of up to 6% as part of plans to save £3.5bn by 2020. Ahead of next week's Budget, the Treasury announced Whitehall would begin coming up with ways to contribute to its "efficiency review".
  • More than one home every minute will need to be refurbished in the UK between now and 2050, experts say. A report to Parliament says 25 million existing homes will not meet the insulation standards required by mid-century. The UK needs to cut carbon emissions by 80% by then - and a third of those emissions come from heating draughty buildings.

Market data

UK (£)
FTSE 1007,253.000.1%1.5%14.4%
FTSE 25018,671.060.4%3.3%3.7%
FTSE All Share3,946.270.2%1.9%12.5%
FTSE Small Cap5,318.550.2%3.4%11.0%
St. James's Place1,088.000.3%7.3%3.9%
Europe (€)
Euro Stoxx 600369.52-0.1%2.2%-1.2%
DAX 3011,822.670.2%3.0%7.0%
CAC 404,845.180.0%-0.4%4.9%
US (US$)
S&P 5002,369.750.1%5.8%9.5%
Dow Jones Ind20,837.440.1%5.4%13.4%
Hang Seng23,774.78-0.6%8.1%0.4%
Nikkei 22519,118.990.1%0.0%1.8%
Australia 2005,712.22-0.2%0.8%7.0%
MSCI AC Asia Pacific145.07-0.5%7.4%2.3%
World (US$)
MSCI World (Developed)1,841.570.0%5.2%5.3%
MSCI AC World (Dev & Em)445.330.0%5.6%5.6%
MSCI Emerging Markets940.32-0.3%9.1%8.6%
MSCI AC World Value202.09-0.1%4.0%9.5%
MSCI AC World Growth231.300.1%7.3%1.8%
Fixed Income
FTSE Gilts All Stocks3,559.520.0%1.0%8.5%
FTSE Index Linked All Stocks642.620.1%0.9%21.2%
ML Sterling Corporate Bonds386.820.1%1.5%10.7%
ML Global High Yield Bonds352.720.2%3.0%15.0%
Commodities (US$)
Brent Crude Oil55.93-0.1%-2.7%23.4%
UK Sectors
Basic Materials5,517.210.4%9.2%93.9%
Consumer Goods and Services21,421.200.3%8.8%9.6%
Health Care10,288.840.3%4.2%5.8%
Oil & Gas7,793.190.5%-8.8%54.2%
$ per £1.24-0.5%0.5%-16.3%
€ per £1.180.4%0.6%-15.7%
¥ per £139.20-0.5%-3.7%-22.7%
VIX Index (Volatility)11.934.0%-15.0%-22.9%
Baltic Dry Index878.000.3%-8.6%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.35%
Consumer Price Index1.80%
Retail Price Index2.60%
Yields / Ratios
FTSE 100 Adj P/E27.09
FTSE All Share Adj P/E24.84
FTSE All Share Yld3.86%
15yr Gilt Yield1.51%
10yr Gilt Yield1.15%
10yr US Tres Yield2.36%

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.


St. James's Place Wealth Management

Please get in touch if you have any questions:

Make an enquiry

Arrange a meeting, request a call back or order a complimentary guide.



We value your opinion

We are always looking for ways to improve our service, so if there is something you think we could do better, or that you think we are doing really well, we would love to hear from you.

The only thing we ask is that you do not include any personal information, like account numbers, in your email. If your matter is urgent, needing our personal attention, please contact your local office.

You may be contacted to follow up on your comments.


If you wish to complain about any aspect of our service, we will do what we can not only to meet, but exceed your expectations of a swift and thorough resolution. More details of our complaints procedure can be found here.