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Investment Market Update

04 May 2018

World markets

FTSE 100 -0.5% 7502.69
FTSE 250 -0.7% 20365.87
Euro Stoxx 600 -0.7% 384.62
S&P 500 -0.2% 2629.73
Nikkei 0.0% 22472.78
Hang Seng (HK$) -0.8% 30076.75


Asian stocks declined as investors assessed the implications of ongoing trade talks between the US and China. The dollar remained under pressure ahead of the monthly US jobs report.


US stocks closed lower as unsteady trade was underpinned by quarterly results that failed to impress Wall Street, uncertainty over the Federal Reserve’s policy planand worries over a full-blown US-China trade war.


UK stocks fell as a decline in Smith & Nephew's shares and weakness across financials and health stocks dragged the FTSE 100 off a three-month high.


  • Banking giant HSBC saw pre-tax profits fall 4% in the first three months of 2018, as higher costs more than eroded increased revenue. The lender reported making $4.8bn compared with the $5bn posted in the the same period a year earlier - missing analysts' estimates. But shareholders will be cheered by plans for a $2bn share buyback. The results are the first announced since John Flint took over as chief executive from Stuart Gulliver.
  • Former Volkswagen chief executive Martin Winterkorn has been charged by US prosecutors in Detroit over the diesel emissions scandal. He has been accused of conspiring to mislead regulators about the German car maker's efforts to cheat the emissions tests of its diesel-fuelled vehicles. Charges filed in March were revealed on Thursday, adding Mr Winterkorn to the list of accused former VW executives. VW said it was cooperating with US probes and declined to comment further.

Market data

UK (£)
FTSE 1007,502.69-0.5%-2.4%7.6%
FTSE 25020,365.87-0.7%-1.7%14.7%
FTSE All Share4,128.12-0.5%-2.2%9.0%
FTSE Small Cap5,889.48-0.2%-0.4%14.9%
St. James's Place1,151.00-0.9%-6.1%20.9%
Europe (€)
Euro Stoxx 600384.62-0.7%-1.2%7.7%
DAX 3012,690.15-0.9%-1.8%12.5%
CAC 405,501.66-0.5%3.6%9.3%
US (US$)
S&P 5002,629.73-0.2%-1.6%19.4%
Dow Jones Ind23,930.150.0%-3.2%25.1%
Hang Seng30,076.75-0.8%0.5%38.5%
Nikkei 22522,472.780.0%-1.3%19.1%
Australia 2006,062.90-0.6%0.0%7.0%
MSCI AC Asia Pacific173.080.0%-0.4%28.7%
World (US$)
MSCI World (Developed)2,071.37-0.3%-1.5%20.1%
MSCI AC World (Dev & Em)505.04-0.4%-1.6%21.6%
MSCI Emerging Markets1,137.85-1.2%-1.8%34.2%
MSCI AC World Value215.81-0.5%-3.7%15.2%
MSCI AC World Growth278.22-0.2%0.5%28.3%
Fixed Income
FTSE Gilts All Stocks3,568.570.6%-0.6%3.0%
FTSE Index Linked All Stocks633.650.9%-2.2%2.3%
ML Sterling Corporate Bonds395.670.4%-1.3%5.7%
ML Global High Yield Bonds375.06-0.1%-0.6%9.7%
Commodities (US$)
Brent Crude Oil73.620.4%12.4%14.5%
UK Sectors
Basic Materials6,278.43-0.4%-0.6%25.0%
Consumer Goods and Services19,675.85-0.4%-12.0%13.6%
Health Care9,920.71-0.9%4.3%-3.7%
Oil & Gas9,389.560.0%3.6%6.0%
$ per £1.360.1%0.7%9.5%
€ per £1.140.3%0.9%-4.0%
¥ per £149.450.8%-1.8%5.3%
VIX Index (Volatility)15.90-0.4%44.0%-21.4%
Baltic Dry Index1,376.002.2%0.7%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.70%
Consumer Price Index2.50%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E12.92
FTSE All Share Adj P/E13.33
FTSE All Share Yld4.00%
15yr Gilt Yield1.66%
10yr Gilt Yield1.39%
10yr US Tres Yield2.95%

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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