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Investment Market Update

07 February 2018

World markets

FTSE 100 -2.6% 7141.40
FTSE 250 -2.2% 19262.56
Euro Stoxx 600 -2.4% 372.79
S&P 500 1.7% 2695.14
Nikkei 0.2% 21645.37
Hang Seng (HK$) -0.7% 30369.59


Asian stocks closed higher rebounding from a three-day selloff that wiped out this year’s advance for the benchmark index, as Japanese shares led gains and investors confident in the bull run bought equities at lower prices.


US stocks closed higher having opened down by about 2% and having endured a turbulent day, all three key US stock indexes have finished the day well ahead.


UK stocks ended 2.6% lower amid continued volatility on US share markets. The worst performers were investment firms Scottish Mortgage Investment Trust, which lost 4%, and Standard Life Aberdeen, down 3.7%.


  • The US labour market barrelled forward in January, as employers added more jobs than expected and wage growth was its strongest in more than eight years. US payrolls expanded by 200,000 last month, driven by hiring in construction, food services and health care, the US Labor Department said. The average hourly wage for private sector workers crept up 2.9% compared to January 2017. 
  • Tesco is facing Britain's largest ever equal pay claim and a possible bill running to £4bn. Thousands of women who work in Tesco stores could receive back pay totalling £20,000 if the legal challenge demanding parity with men who work in the company's warehouses is successful. Lawyers say hourly-paid female store staff earn less than men even though the value of the work is comparable.

Market data

UK (£)
FTSE 1007,141.40-2.6%-7.1%7.6%
FTSE 25019,262.56-2.2%-7.1%14.7%
FTSE All Share3,924.95-2.5%-7.0%9.0%
FTSE Small Cap5,600.10-2.1%-5.3%14.9%
St. James's Place1,132.00-3.5%-7.7%20.9%
Europe (€)
Euro Stoxx 600372.79-2.4%-4.2%7.7%
DAX 3012,392.66-2.3%-4.1%12.5%
CAC 405,161.81-2.3%-2.8%9.3%
US (US$)
S&P 5002,695.141.7%0.8%19.4%
Dow Jones Ind24,912.772.3%0.8%25.1%
Hang Seng30,369.59-0.7%1.5%38.5%
Nikkei 22521,645.370.2%-4.9%19.1%
Australia 2005,876.810.7%-3.1%7.0%
MSCI AC Asia Pacific173.16-3.5%-0.4%28.7%
World (US$)
MSCI World (Developed)2,098.85-0.2%-0.2%20.1%
MSCI AC World (Dev & Em)512.97-0.5%0.0%21.6%
MSCI Emerging Markets1,176.18-2.7%1.5%34.2%
MSCI AC World Value222.08-0.8%-0.9%15.2%
MSCI AC World Growth279.08-0.3%0.8%28.3%
Fixed Income
FTSE Gilts All Stocks3,514.760.3%-2.1%3.0%
FTSE Index Linked All Stocks629.060.2%-2.9%2.3%
ML Sterling Corporate Bonds395.520.0%-1.3%5.7%
ML Global High Yield Bonds378.75-0.4%0.4%9.7%
Commodities (US$)
Brent Crude Oil66.86-1.1%0.6%14.5%
UK Sectors
Basic Materials6,146.00-1.9%-2.7%25.0%
Consumer Goods and Services20,248.52-2.3%-9.4%13.6%
Health Care8,649.06-2.9%-9.1%-3.7%
Oil & Gas8,303.05-2.9%-8.4%6.0%
$ per £1.400.5%3.8%9.5%
€ per £1.130.2%0.3%-4.0%
¥ per £154.311.1%1.4%5.3%
VIX Index (Volatility)29.98-19.7%171.6%-21.4%
Baltic Dry Index1,095.001.2%-19.8%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.52%
Consumer Price Index3.00%
Retail Price Index4.10%
Yields / Ratios
FTSE 100 Adj P/E19.02
FTSE All Share Adj P/E18.53
FTSE All Share Yld4.08%
15yr Gilt Yield1.78%
10yr Gilt Yield1.52%
10yr US Tres Yield2.80%

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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