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Investment Market Update

01 August 2018

World markets

FTSE 100 0.6% 7748.76
FTSE 250 0.0% 20877.87
Euro Stoxx 600 0.2% 391.61
S&P 500 0.5% 2816.29
Nikkei 0.8% 22733.72
Hang Seng (HK$) -0.3% 28492.46


Asian stocks rose and the dollar strengthened as investors sifted through the latest news on the US-China trade front and positive results from Apple. Bonds fell as Japanese yields climbed higher after the central bank said it would allow more flexibility in yield movements.


US stocks increased, helped by a round of strong earnings reports in the industrials sector, while technology stocks started to recover after a three-session downturn.


UK stocks finished higher, as shares of commodity producers Fresnillo and BP advanced, then extended gains following a report that the US and China may restart discussions aimed at resolving trade conflicts.


  • Apple sold fewer iPhones than expected in its most recent quarter but higher selling prices meant the tech giant still beat Wall Street forecasts. The firm said it sold 41.3 million iPhones in the three months to the end of June, up just 1% from last year. But the average iPhone selling price hit $724, well above the expected $694.
  • The number of cars made in the UK fell last month after domestic demand plunged due to what the industry body called a "perfect storm of events". Production fell 5.5% in June - driven by a 47.2% drop in production for the UK market, according to the Society of Motor Manufacturers and Traders (SMMT). The SMMT blamed preparation for new emissions tests and new car models for what it said was a "one-month anomaly".

Market data

UK (£)
FTSE 1007,748.760.6%0.8%7.6%
FTSE 25020,877.870.0%0.7%14.7%
FTSE All Share4,253.310.5%0.7%9.0%
FTSE Small Cap5,880.900.0%-0.5%14.9%
St. James's Place1,205.50-0.9%-1.7%20.9%
Europe (€)
Euro Stoxx 600391.610.2%0.6%7.7%
DAX 3012,805.500.1%-0.9%12.5%
CAC 405,511.300.4%3.7%9.3%
US (US$)
S&P 5002,816.290.5%5.3%19.4%
Dow Jones Ind25,415.190.4%2.8%25.1%
Hang Seng28,492.46-0.3%-4.8%38.5%
Nikkei 22522,733.720.8%-0.1%19.1%
Australia 2006,274.50-0.1%3.5%7.0%
MSCI AC Asia Pacific166.98-0.7%-3.9%28.7%
World (US$)
MSCI World (Developed)2,153.100.2%2.4%20.1%
MSCI AC World (Dev & Em)519.820.2%1.3%21.6%
MSCI Emerging Markets1,087.46-0.2%-6.1%34.2%
MSCI AC World Value219.560.2%-2.0%15.2%
MSCI AC World Growth289.430.1%4.6%28.3%
Fixed Income
FTSE Gilts All Stocks3,591.330.3%0.1%3.0%
FTSE Index Linked All Stocks642.530.8%-0.8%2.3%
ML Sterling Corporate Bonds394.790.3%-1.5%5.7%
ML Global High Yield Bonds376.930.1%-0.1%9.7%
Commodities (US$)
Brent Crude Oil74.21-1.8%15.3%14.5%
UK Sectors
Basic Materials6,448.371.8%2.1%25.0%
Consumer Goods and Services21,144.320.6%-5.4%13.6%
Health Care10,779.621.0%13.3%-3.7%
Oil & Gas9,712.501.0%7.2%6.0%
$ per £1.310.1%-2.8%9.5%
€ per £1.120.0%-0.4%-4.0%
¥ per £145.76-0.7%-4.3%5.3%
VIX Index (Volatility)12.83-10.0%16.2%-21.4%
Baltic Dry Index1,747.002.6%27.9%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.79%
Consumer Price Index2.40%
Retail Price Index3.40%
Yields / Ratios
FTSE 100 Adj P/E12.72
FTSE All Share Adj P/E12.74
FTSE All Share Yld3.95%
15yr Gilt Yield1.59%
10yr Gilt Yield1.33%
10yr US Tres Yield2.96%

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.

Some of the products and investment structures documented within this article will not be available to our clients in Asia. For information on the funds that are available please get in touch.


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