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Investment Market Update

31 May 2018

World markets

FTSE 100 0.7% 7689.57
FTSE 250 0.4% 20822.67
Euro Stoxx 600 0.3% 385.49
S&P 500 1.3% 2724.01
Nikkei 1.0% 22246.47
Hang Seng (HK$) 0.9% 30332.95


Asian stocks climbed from a 15-week low, paring a monthly loss, as the global panic triggered by Italy’s political crisis moderated. Japan rebounded from its longest losing streak since 2012, while Hong Kong and South Korea halted a two-day slump.


US stocks rose, as investors reassessed the extent of political turmoil in Italy after concern that the Mediterranean nation may leave the euro.


UK stocks closed higher on Wednesday, as fears surrounding political turmoil in Italy eased, with oil majors driving gains in the FTSE 100.


  • A group of major European companies has warned the Prime Minister they may cut investment without more clarity over the terms of Britain's EU exit. Business leaders, including from BP, BMW, Nestle, and Vodafone, told Theresa May that "time is running out".
  • ​European leaders are braced for US tariffs on steel and aluminium to go into effect, as negotiations over the issue draw to a close. The Trump administration is planning to let a temporary exemption granted to the European Union expire, The Wall Street Journal reported.

Market data

UK (£)
FTSE 1007,689.570.7%0.0%7.6%
FTSE 25020,822.670.4%0.5%14.7%
FTSE All Share4,226.470.6%0.1%9.0%
FTSE Small Cap5,926.55-0.3%0.2%14.9%
St. James's Place1,178.000.7%-3.9%20.9%
Europe (€)
Euro Stoxx 600385.490.3%-0.9%7.7%
DAX 3012,783.760.9%-1.0%12.5%
CAC 405,427.35-0.2%2.2%9.3%
US (US$)
S&P 5002,724.011.3%1.9%19.4%
Dow Jones Ind24,667.781.3%-0.2%25.1%
Hang Seng30,332.950.9%1.4%38.5%
Nikkei 22522,246.471.0%-2.3%19.1%
Australia 2006,007.500.4%-1.0%7.0%
MSCI AC Asia Pacific170.61-1.4%-1.8%28.7%
World (US$)
MSCI World (Developed)2,100.420.8%-0.1%20.1%
MSCI AC World (Dev & Em)509.960.6%-0.6%21.6%
MSCI Emerging Markets1,112.75-1.2%-3.9%34.2%
MSCI AC World Value214.980.7%-4.0%15.2%
MSCI AC World Growth284.490.5%2.8%28.3%
Fixed Income
FTSE Gilts All Stocks3,623.200.2%1.0%3.0%
FTSE Index Linked All Stocks641.130.6%-1.0%2.3%
ML Sterling Corporate Bonds394.860.1%-1.5%5.7%
ML Global High Yield Bonds371.720.1%-1.5%9.7%
Commodities (US$)
Brent Crude Oil77.502.8%18.4%14.5%
UK Sectors
Basic Materials6,595.531.0%4.4%25.0%
Consumer Goods and Services20,234.810.2%-9.5%13.6%
Health Care10,381.381.2%9.1%-3.7%
Oil & Gas9,746.452.6%7.6%6.0%
$ per £1.32-0.4%-2.0%9.5%
€ per £1.150.6%1.9%-4.0%
¥ per £144.05-0.5%-5.4%5.3%
VIX Index (Volatility)14.94-12.2%35.3%-21.4%
Baltic Dry Index1,042.00-1.4%-23.7%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.61%
Consumer Price Index2.40%
Retail Price Index3.40%
Yields / Ratios
FTSE 100 Adj P/E13.16
FTSE All Share Adj P/E13.56
FTSE All Share Yld3.96%
15yr Gilt Yield1.56%
10yr Gilt Yield1.26%
10yr US Tres Yield2.85%

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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