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Investment Market Update

07 March 2018

World markets

FTSE 100 0.4% 7146.75
FTSE 250 0.6% 19690.31
Euro Stoxx 600 0.1% 371.37
S&P 500 0.3% 2728.12
Nikkei -0.8% 21252.72
Hang Seng (HK$) -1.1% 30189.44


Asia stocks fell on news that Gary Cohn, US President Donald Trump’s top economic adviser and a key opponent of tariffs, would resign. 


US stocks edged higher, boosted by the prospect of talks between North Korea and the US and also increasing opposition to President Donald Trump's plan to impose tariffs on metals. 


UK stocks closed higher, up 0.43%. The biggest climber on the index was packaging group Smurfit Kappa Group which closed up 19.7% following a bid from US rival International Paper.


  • Gary Cohn is resigning as President Donald Trump’s top economic adviser, leaving his post as the administration prepares to impose steep tariffs on steel and aluminum that Cohn has opposed.
  • ​Chancellor Philip Hammond will tell European leaders that it is in the "mutual interest" of both the UK and the EU to include financial services in a free trade agreement. In a speech, Mr Hammond will set out his argument against "sceptics", saying it is possible to reach a deal. 

Market data

UK (£)
FTSE 1007,146.750.4%-7.0%7.6%
FTSE 25019,690.310.6%-5.0%14.7%
FTSE All Share3,945.730.5%-6.5%9.0%
FTSE Small Cap5,758.670.6%-2.6%14.9%
St. James's Place1,129.000.7%-7.9%20.9%
Europe (€)
Euro Stoxx 600371.370.1%-4.6%7.7%
DAX 3012,113.870.2%-6.2%12.5%
CAC 405,170.230.1%-2.7%9.3%
US (US$)
S&P 5002,728.120.3%2.0%19.4%
Dow Jones Ind24,884.120.0%0.7%25.1%
Hang Seng30,189.44-1.1%0.9%38.5%
Nikkei 22521,252.72-0.8%-6.6%19.1%
Australia 2005,901.99-1.0%-2.7%7.0%
MSCI AC Asia Pacific175.021.4%0.7%28.7%
World (US$)
MSCI World (Developed)2,117.770.5%0.7%20.1%
MSCI AC World (Dev & Em)517.970.6%1.0%21.6%
MSCI Emerging Markets1,193.931.5%3.1%34.2%
MSCI AC World Value221.890.5%-1.0%15.2%
MSCI AC World Growth284.670.8%2.8%28.3%
Fixed Income
FTSE Gilts All Stocks3,518.98-0.3%-2.0%3.0%
FTSE Index Linked All Stocks627.89-0.4%-3.1%2.3%
ML Sterling Corporate Bonds392.34-0.2%-2.1%5.7%
ML Global High Yield Bonds378.520.3%0.3%9.7%
Commodities (US$)
Brent Crude Oil65.790.4%-0.5%14.5%
UK Sectors
Basic Materials6,126.331.7%-3.0%25.0%
Consumer Goods and Services19,423.49-0.4%-13.1%13.6%
Health Care8,983.390.3%-5.6%-3.7%
Oil & Gas8,302.100.8%-8.4%6.0%
$ per £1.38-0.2%2.5%9.5%
€ per £1.120.2%-0.3%-4.0%
¥ per £147.00-0.3%-3.4%5.3%
VIX Index (Volatility)18.36-2.0%66.3%-21.4%
Baltic Dry Index1,212.000.2%-11.3%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.59%
Consumer Price Index3.00%
Retail Price Index4.00%
Yields / Ratios
FTSE 100 Adj P/E12.93
FTSE All Share Adj P/E13.32
FTSE All Share Yld4.12%
15yr Gilt Yield1.78%
10yr Gilt Yield1.52%
10yr US Tres Yield2.89%

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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