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Investment Market Update

08 March 2017

World markets

FTSE 100 -0.2% 7338.99
FTSE 250 0.0% 18885.94
Euro Stoxx 600 -0.3% 372.27
S&P 500 -0.3% 2368.39
Nikkei -0.5% 19254.03
Hang Seng (HK$) 0.3% 23748.42


Asian stocks were mixed as investors continued to assess the staying power of a rally that brought global equities to a record.


US stocks fell for the first back-to-back decline in more than a month, as health-care shares declined after Republicans released details of a replacement for Obamacare and the president tweeted about lowering drug costs for Americans.


UK stocks were mostly unchanged on Tuesday, with company news driving the movers, as investors sat on their hands awaiting the budget report to be delivered by Chancellor Philip Hammond today.


  • Chancellor of the Exchequer Philip Hammond will say Britain is well placed to weather the challenges of Brexit as he pledges to take the decisions needed to prosper outside the European Union. In his Spring Budget today, Hammond will deliver an upbeat assessment of the future as Prime Minister Theresa May prepares to trigger formal talks with the EU this month. While the need to continue reducing the deficit means difficult decisions on tax and spending, investment remains a priority and the government will help ordinary working families still suffering from the effects of the 2008 financial crisis, the Treasury said in a briefing note.
  • Prime Minister Theresa May is fighting back against Brexit rebels in her ruling Conservative Party as she steps up her battle to start the formal process of pulling Britain out of the European Union. The premier fired government adviser Michael Heseltine after he led a 13-strong revolt in the House of Lords, helping to inflict a second Brexit-bill defeat on May in a vote on Tuesday. The upper chamber rewrote May’s draft law to guarantee Parliament a “meaningful vote” on the outcome of exit talks, potentially vetoing any final agreement and stopping the premier walking away without a deal.

Market data

UK (£)
FTSE 1007,338.99-0.2%2.7%14.4%
FTSE 25018,885.940.0%4.5%3.7%
FTSE All Share3,992.39-0.1%3.1%12.5%
FTSE Small Cap5,364.960.2%4.3%11.0%
St. James's Place1,079.00-0.6%6.4%3.9%
Europe (€)
Euro Stoxx 600372.27-0.3%3.0%-1.2%
DAX 3011,966.140.1%4.2%7.0%
CAC 404,955.00-0.3%1.9%4.9%
US (US$)
S&P 5002,368.39-0.3%5.8%9.5%
Dow Jones Ind20,924.76-0.1%5.9%13.4%
Hang Seng23,748.420.3%7.9%0.4%
Nikkei 22519,254.03-0.5%0.7%1.8%
Australia 2005,759.660.0%1.7%7.0%
MSCI AC Asia Pacific144.670.2%7.1%2.3%
World (US$)
MSCI World (Developed)1,840.57-0.3%5.1%5.3%
MSCI AC World (Dev & Em)444.91-0.2%5.5%5.6%
MSCI Emerging Markets936.500.2%8.6%8.6%
MSCI AC World Value202.16-0.2%4.0%9.5%
MSCI AC World Growth230.78-0.2%7.0%1.8%
Fixed Income
FTSE Gilts All Stocks3,551.980.3%0.8%8.5%
FTSE Index Linked All Stocks634.590.8%-0.3%21.2%
ML Sterling Corporate Bonds387.030.2%1.5%10.7%
ML Global High Yield Bonds351.69-0.2%2.7%15.0%
Commodities (US$)
Brent Crude Oil55.92-0.2%-3.7%23.4%
UK Sectors
Basic Materials5,430.69-0.5%7.5%93.9%
Consumer Goods and Services21,618.530.3%9.8%9.6%
Health Care10,465.70-1.0%6.0%5.8%
Oil & Gas8,035.400.3%-6.0%54.2%
$ per £1.241.6%0.5%-16.3%
€ per £1.182.2%0.6%-15.7%
¥ per £139.200.0%-3.7%-22.7%
VIX Index (Volatility)11.936.1%-15.0%-22.9%
Baltic Dry Index1,033.005.5%7.5%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/E26.98
FTSE All Share Adj P/E24.91
FTSE All Share Yld3.88%
15yr Gilt Yield1.56%
10yr Gilt Yield1.19%
10yr US Tres Yield2.52%

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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