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Investment Market Update

06 October 2017

World markets

FTSE 100 0.5% 7507.99
FTSE 250 0.3% 20088.51
Euro Stoxx 600 0.2% 391.03
S&P 500 0.6% 2552.07
Nikkei 0.3% 20688.72
Hang Seng (HK$) 0.3% 28467.56


Stocks in Asia on Friday took their cues from Wall Street, where all three main US equity indices set record closing highs. In Australia, a rally in the materials sector - up 1.1% - saw major miners Rio Tinto and BHP Billiton climb 1.5% and 1.7% respectively.


US stocks closed at record highs again on Thursday, amid signs that Congress is closer to a deal on a budget and tax cuts. Financial and technology firms - among those expected to enjoy the greatest benefit from tax cuts - led the gains.


UK stocks rose as sterling fell due to concerns about the Conservative Party leadership following Mrs May's speech on Wednesday. Theme park operator Merlin Entertainments led the index with its shares finishing 3.4% higher amid reports it is considering a deal with SeaWorld.


  • German factory orders rebounded in August in a sign that Europe’s largest economy is set to sustain its robust pace of growth. Orders, adjusted for seasonal swings and inflation, rose 3.6% in August after a revised decline of 0.4% in July.
  • Ryanair chief executive Michael O'Leary has written to the airline's pilots to offer them better pay and conditions. The improved conditions came after the airline was forced to cancel thousands of flights in recent weeks.

Market data

UK (£)
FTSE 1007,507.990.5%5.1%14.4%
FTSE 25020,088.510.3%11.1%3.7%
FTSE All Share4,118.560.5%6.3%12.5%
FTSE Small Cap5,796.220.4%12.7%11.0%
St. James's Place1,129.000.4%15.1%3.9%
Europe (€)
Euro Stoxx 600391.030.2%8.2%-1.2%
DAX 3012,968.050.0%13.0%7.0%
CAC 405,379.210.3%10.6%4.9%
US (US$)
S&P 5002,552.070.6%14.0%9.5%
Dow Jones Ind22,775.390.5%15.2%13.4%
Hang Seng28,467.560.3%29.4%0.4%
Nikkei 22520,688.720.3%8.2%1.8%
Australia 2005,710.701.0%0.8%7.0%
MSCI AC Asia Pacific162.780.0%20.5%2.3%
World (US$)
MSCI World (Developed)2,016.150.3%15.1%5.3%
MSCI AC World (Dev & Em)491.330.2%16.5%5.6%
MSCI Emerging Markets1,102.760.1%27.9%8.6%
MSCI AC World Value216.540.2%11.4%9.5%
MSCI AC World Growth262.750.2%21.9%1.8%
Fixed Income
FTSE Gilts All Stocks3,504.39-0.3%-0.6%8.5%
FTSE Index Linked All Stocks628.88-0.3%-1.2%21.2%
ML Sterling Corporate Bonds392.48-0.1%3.0%10.7%
ML Global High Yield Bonds374.490.0%9.3%15.0%
Commodities (US$)
Brent Crude Oil57.002.2%-2.9%23.4%
UK Sectors
Basic Materials6,010.971.7%19.0%93.9%
Consumer Goods and Services21,795.290.2%10.7%9.6%
Health Care10,007.100.5%1.3%5.8%
Oil & Gas8,470.971.0%-0.9%54.2%
$ per £1.331.1%7.6%-16.3%
€ per £1.130.6%-3.8%-15.7%
¥ per £149.741.1%3.6%-22.7%
VIX Index (Volatility)9.19-4.6%-34.5%-22.9%
Baltic Dry Index1,382.004.7%43.8%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.34%
Consumer Price Index2.90%
Retail Price Index3.90%
Yields / Ratios
FTSE 100 Adj P/E22.31
FTSE All Share Adj P/E21.56
FTSE All Share Yld3.77%
15yr Gilt Yield1.71%
10yr Gilt Yield1.39%
10yr US Tres Yield2.35%

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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