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Investment Market Update

31 March 2017

World markets

FTSE 100 -0.1% 7369.52
FTSE 250 0.2% 19011.93
Euro Stoxx 600 0.5% 380.46
S&P 500 0.3% 2368.06
Nikkei -0.5% 18968.18
Hang Seng (HK$) -0.6% 24152.35

asia

Asian stocks retreated as investors pulled back on the final day of the biggest quarterly advance in five years for the region’s equities. A rally in Japan faded away in afternoon trading, despite data showing the first back-to-back increase in the nation’s core consumer prices in more than a year.

us

US stocks received a boost on Thursday following an upward revision to the growth rate at the end of 2016. The economy grew at an annualised pace of 2.1% in the fourth quarter of the year, the Commerce Department said, up from an earlier estimate of 1.9%.

uk

The UK stock market reversed early gains to close the day lower. Morrisons shares rose 2.2% after Bank of America Merrill Lynch upgraded its rating to "buy" from "underperform". The pound rose against the dollar and the euro as tension eased following the triggering of Article 50 on Wednesday.


Headlines

  • UK house prices fell for the first time in almost two years in March, according to the latest report from Nationwide Building Society. While there’s monthly volatility in price changes, the underlying trend is showing the UK housing market cooling.
     
  • Lawmakers may get a vote on whether Britain should stay in the European Union’s single market after Brexit, Prime Minister Theresa May’s government signaled, fueling calls for Britain to replicate Norway’s trade deal with the European Union.

Market data

Price1dYTD2016
UK (£)
FTSE 1007,369.52-0.1%3.2%14.4%
FTSE 25019,011.930.2%5.2%3.7%
FTSE All Share4,011.010.0%3.6%12.5%
FTSE Small Cap5,402.36-0.1%5.0%11.0%
St. James's Place1,062.000.1%4.7%3.9%
Europe (€)
Euro Stoxx 600380.460.5%5.3%-1.2%
DAX 3012,256.430.4%6.8%7.0%
CAC 405,089.640.4%4.7%4.9%
US (US$)
S&P 5002,368.060.3%5.8%9.5%
Dow Jones Ind20,728.490.3%4.9%13.4%
NASDAQ5,914.340.3%9.9%7.5%
Asia
Hang Seng24,152.35-0.6%9.8%0.4%
Nikkei 22518,968.18-0.5%-0.8%1.8%
Australia 2005,864.91-0.5%3.5%7.0%
MSCI AC Asia Pacific148.12-0.5%9.7%2.3%
World (US$)
MSCI World (Developed)1,859.950.2%6.2%5.3%
MSCI AC World (Dev & Em)450.790.1%6.9%5.6%
MSCI Emerging Markets969.47-0.2%12.4%8.6%
MSCI AC World Value203.580.2%4.7%9.5%
MSCI AC World Growth235.300.0%9.1%1.8%
Fixed Income
FTSE Gilts All Stocks3,580.560.4%1.6%8.5%
FTSE Index Linked All Stocks642.720.1%0.9%21.2%
ML Sterling Corporate Bonds388.740.3%2.0%10.7%
ML Global High Yield Bonds353.100.2%3.1%15.0%
Commodities (US$)
Brent Crude Oil52.961.0%-8.8%23.4%
Gold1,247.58-0.4%8.2%8.6%
UK Sectors
Basic Materials5,425.791.2%7.4%93.9%
Consumer Goods and Services22,059.34-0.2%12.1%9.6%
Financials4,936.19-0.1%3.3%8.6%
Health Care10,527.78-0.5%6.6%5.8%
Industrials4,011.010.0%3.6%15.4%
Oil & Gas7,949.74-0.1%-7.0%54.2%
Technology2,304.920.7%15.1%33.4%
Telecommunications3,329.08-1.0%-1.5%-14.7%
Utilities8,740.12-0.8%1.5%2.5%
Currencies
$ per £1.24-0.6%0.5%-16.3%
€ per £1.15-1.5%-2.2%-15.7%
¥ per £137.86-0.8%-4.6%-22.7%
Indicators
VIX Index (Volatility)11.541.1%-17.8%-22.9%
Baltic Dry Index1,324.00-1.0%37.8%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.34%
Consumer Price Index2.30%
Retail Price Index3.20%
Yields / Ratios
FTSE 100 Adj P/E26.82
FTSE All Share Adj P/E24.86
FTSE All Share Yld3.85%
15yr Gilt Yield1.48%
10yr Gilt Yield1.12%
10yr US Tres Yield2.42%

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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