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Investment Market Update

03 May 2018

World markets

FTSE 100 0.3% 7543.20
FTSE 250 0.8% 20506.27
Euro Stoxx 600 0.6% 387.44
S&P 500 -0.7% 2635.67
Nikkei 0.0% 22472.78
Hang Seng (HK$) -1.2% 30343.31


Asian stocks fell for a third day after the Federal Reserve held interest rates steady and indicated it would let inflation rise to its target, without signaling any intention of departing from a gradual tightening. Japan markets were shut for a two-day holiday.


US stocks retreated with 10 of 11 industry groups falling as investors weighed the Federal Reserve’s signal that it’s in not in a hurry to raise rates even as inflation hits its target.


UK stocks rose, as a rebound in metal prices sent mining stocks to the top of the FTSE 100 index. The sector was benefiting from stronger metal prices sparked by stronger data out of China and some relief over the state of global trade relations.


  • The closure of Cambridge Analytica will not stop a probe into the firm's handling of millions of people's data, investigators have said. The firm has been accused of acquiring data from up to 87 million Facebook profiles for use in political campaigns.
  • The European Union economy slowed in the first quarter of the year, official Eurostat figures have showed. Economic growth in the eurozone slowed to 0.4% for the period from January to March 2018, compared with 0.7% in the previous quarter.

Market data

UK (£)
FTSE 1007,543.200.3%-1.9%7.6%
FTSE 25020,506.270.8%-1.1%14.7%
FTSE All Share4,150.850.4%-1.7%9.0%
FTSE Small Cap5,899.200.2%-0.2%14.9%
St. James's Place1,162.001.0%-5.2%20.9%
Europe (€)
Euro Stoxx 600387.440.6%-0.4%7.7%
DAX 3012,802.251.5%-0.9%12.5%
CAC 405,529.220.2%4.1%9.3%
US (US$)
S&P 5002,635.67-0.7%-1.4%19.4%
Dow Jones Ind23,924.98-0.7%-3.2%25.1%
Hang Seng30,343.31-1.2%1.4%38.5%
Nikkei 22522,472.780.0%-1.3%19.1%
Australia 2006,096.000.8%0.5%7.0%
MSCI AC Asia Pacific173.14-0.4%-0.4%28.7%
World (US$)
MSCI World (Developed)2,076.69-0.3%-1.3%20.1%
MSCI AC World (Dev & Em)506.90-0.4%-1.2%21.6%
MSCI Emerging Markets1,151.44-1.0%-0.6%34.2%
MSCI AC World Value216.93-0.6%-3.2%15.2%
MSCI AC World Growth278.86-0.2%0.7%28.3%
Fixed Income
FTSE Gilts All Stocks3,545.73-0.6%-1.2%3.0%
FTSE Index Linked All Stocks628.17-0.9%-3.0%2.3%
ML Sterling Corporate Bonds394.13-0.4%-1.7%5.7%
ML Global High Yield Bonds375.560.0%-0.5%9.7%
Commodities (US$)
Brent Crude Oil73.360.3%12.0%14.5%
UK Sectors
Basic Materials6,302.332.7%-0.2%25.0%
Consumer Goods and Services19,762.03-0.2%-11.6%13.6%
Health Care10,012.47-0.2%5.2%-3.7%
Oil & Gas9,389.410.3%3.6%6.0%
$ per £1.360.2%0.8%9.5%
€ per £1.13-0.2%0.7%-4.0%
¥ per £149.35-0.1%-1.9%5.3%
VIX Index (Volatility)15.973.1%44.7%-21.4%
Baltic Dry Index1,346.001.4%-1.5%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.71%
Consumer Price Index2.50%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E12.99
FTSE All Share Adj P/E13.40
FTSE All Share Yld3.96%
15yr Gilt Yield1.72%
10yr Gilt Yield1.46%
10yr US Tres Yield2.97%

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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