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Investment Market Update

06 April 2017

World markets

FTSE 100 0.1% 7331.68
FTSE 250 0.3% 19069.33
Euro Stoxx 600 0.0% 380.09
S&P 500 -0.3% 2352.95
Nikkei -1.6% 18567.61
Hang Seng (HK$) -0.5% 24269.24


Asian stocks were mostly lower Thursday, as the region nervously watched for market-moving news from the first meeting between the US and Chinese leaders.


All three key Wall Street indices closed lower on Wednesday, following the release of the minutes of the Federal Reserve's latest meeting. The minutes signalled that most of the policymakers wanted to start reducing reinvestment in Treasury bills and mortgage-backed securities later this year, earlier than expected.


The FTSE 100 closed slightly higher after data showed better-than-expected growth in Britain's service sector. Miners were the biggest risers for much of the session, gaining on the back of higher oil and metals prices.


  • Activity in the UK's dominant services sector rose at a faster-than-expected pace in March. The services sector, which accounts for three-quarters of the UK economy, said business activity and new work grew at the strongest rate so far this year. However, cost pressures led to the fastest rise in prices since late 2008.
  • The Co-op Group has reported its first annual loss since 2013 after declaring that its stake in Co-operative Bank is worth nothing. Co-op Group reported a pre-tax loss of £132m for 2016, a sharp deterioration on the previous year's profit of £23m. It reduced the value of its 20% stake in Co-operative Bank from $185m to zero, reflecting the bank's continuing problems.

Market data

UK (£)
FTSE 1007,331.680.1%2.6%14.4%
FTSE 25019,069.330.3%5.5%3.7%
FTSE All Share3,996.540.2%3.2%12.5%
FTSE Small Cap5,407.090.2%5.1%11.0%
St. James's Place1,032.33-1.1%3.8%3.9%
Europe (€)
Euro Stoxx 600380.090.0%5.2%-1.2%
DAX 3012,217.54-0.5%6.4%7.0%
CAC 405,091.85-0.2%4.7%4.9%
US (US$)
S&P 5002,352.95-0.3%5.1%9.5%
Dow Jones Ind20,648.15-0.2%4.5%13.4%
Hang Seng24,269.24-0.5%10.3%0.4%
Nikkei 22518,567.61-1.6%-2.9%1.8%
Australia 2005,848.10-0.5%3.2%7.0%
MSCI AC Asia Pacific147.430.2%9.2%2.3%
World (US$)
MSCI World (Developed)1,845.95-0.2%5.4%5.3%
MSCI AC World (Dev & Em)447.76-0.1%6.1%5.6%
MSCI Emerging Markets969.220.4%12.4%8.6%
MSCI AC World Value201.72-0.2%3.8%9.5%
MSCI AC World Growth234.29-0.1%8.7%1.8%
Fixed Income
FTSE Gilts All Stocks3,589.11-0.4%1.8%8.5%
FTSE Index Linked All Stocks661.31-0.1%3.9%21.2%
ML Sterling Corporate Bonds389.49-0.3%2.2%10.7%
ML Global High Yield Bonds353.540.2%3.2%15.0%
Commodities (US$)
Brent Crude Oil54.360.4%-7.0%23.4%
UK Sectors
Basic Materials5,433.800.3%7.6%93.9%
Consumer Goods and Services21,962.540.2%11.6%9.6%
Health Care10,414.42-0.8%5.4%5.8%
Oil & Gas7,934.640.5%-7.2%54.2%
$ per £1.24-0.5%0.5%-16.3%
€ per £1.15-2.0%-2.2%-15.7%
¥ per £137.86-0.7%-4.6%-22.7%
VIX Index (Volatility)12.899.3%-8.2%-22.9%
Baltic Dry Index1,223.00-2.5%27.3%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/E26.73
FTSE All Share Adj P/E24.80
FTSE All Share Yld3.90%
15yr Gilt Yield1.46%
10yr Gilt Yield1.09%
10yr US Tres Yield2.34%

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.

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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