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Investment Market Update

07 March 2017

World markets

FTSE 100 -0.3% 7350.12
FTSE 250 0.0% 18881.37
Euro Stoxx 600 -0.5% 373.27
S&P 500 -0.3% 2375.31
Nikkei -0.2% 19344.15
Hang Seng (HK$) 0.4% 23693.77


Asian stocks gained, led by a rally in mining companies after China set an upbeat growth target for this year. Japan equities fell after North Korea fired four ballistic missiles early Monday that fell into the Sea of Japan.


US stocks fell amid declines in financial, consumer and material shares as investors exercised caution after remarks by Federal Reserve Chair Janet Yellen that interest rates are likely to rise next week.


UK stocks were lower on Monday, with mining shares the biggest fallers as the price of copper fell. This outweighed news of a fund management merger between Standard Life and Aberdeen Asset Management. Standard Life shares rose 6%, while FTSE 250 member Aberdeen Asset Management climbed 4%.


  • Fund managers Aberdeen Asset Management and Standard Life have agreed terms for an all-share merger. The move will create one of the UK's largest fund managers, overseeing assets worth £660bn. The two companies employ about 9,000 people. Following completion of the merger, Aberdeen shareholders will own about a third of the combined group, with Standard Life shareholders owning the remaining two thirds.
  • Energy companies active in the UK North Sea will generate positive free cash flow in 2017 for the first time in four years, as groups show signs of recovery following the oil price crash of 2014, says the industry’s trade body. Exploration and production companies working in the basin are collectively forecast to generate £5bn of free cash flow this year if the rebound in oil prices persists around current levels, said Oil & Gas UK, which represents North Sea operators.

Market data

UK (£)
FTSE 1007,350.12-0.3%2.9%14.4%
FTSE 25018,881.370.0%4.4%3.7%
FTSE All Share3,996.87-0.3%3.2%12.5%
FTSE Small Cap5,356.510.0%4.1%11.0%
St. James's Place1,086.000.6%7.1%3.9%
Europe (€)
Euro Stoxx 600373.27-0.5%3.3%-1.2%
DAX 3011,958.40-0.6%4.2%7.0%
CAC 404,972.19-0.5%2.3%4.9%
US (US$)
S&P 5002,375.31-0.3%6.1%9.5%
Dow Jones Ind20,954.34-0.2%6.0%13.4%
Hang Seng23,693.770.4%7.7%0.4%
Nikkei 22519,344.15-0.2%1.2%1.8%
Australia 2005,761.390.3%1.7%7.0%
MSCI AC Asia Pacific144.330.4%6.9%2.3%
World (US$)
MSCI World (Developed)1,845.70-0.2%5.4%5.3%
MSCI AC World (Dev & Em)445.91-0.1%5.7%5.6%
MSCI Emerging Markets934.420.4%8.4%8.6%
MSCI AC World Value202.63-0.2%4.2%9.5%
MSCI AC World Growth231.28-0.1%7.3%1.8%
Fixed Income
FTSE Gilts All Stocks3,540.19-0.2%0.4%8.5%
FTSE Index Linked All Stocks629.76-0.5%-1.1%21.2%
ML Sterling Corporate Bonds386.31-0.1%1.3%10.7%
ML Global High Yield Bonds352.530.0%2.9%15.0%
Commodities (US$)
Brent Crude Oil56.010.2%-3.5%23.4%
UK Sectors
Basic Materials5,457.27-2.2%8.0%93.9%
Consumer Goods and Services21,545.91-0.1%9.5%9.6%
Health Care10,569.28-0.3%7.0%5.8%
Oil & Gas8,010.210.0%-6.3%54.2%
$ per £1.241.4%0.5%-16.3%
€ per £1.182.1%0.6%-15.7%
¥ per £139.20-0.2%-3.7%-22.7%
VIX Index (Volatility)11.938.9%-15.0%-22.9%
Baltic Dry Index979.004.3%1.9%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.36%
Consumer Price Index1.80%
Retail Price Index2.60%
Yields / Ratios
FTSE 100 Adj P/E27.06
FTSE All Share Adj P/E24.99
FTSE All Share Yld3.87%
15yr Gilt Yield1.58%
10yr Gilt Yield1.21%
10yr US Tres Yield2.50%

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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