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Investment Market Update

08 June 2017

World markets

FTSE 100 -0.6% 7478.62
FTSE 250 0.2% 19695.92
Euro Stoxx 600 -0.1% 389.18
S&P 500 0.2% 2433.14
Nikkei -0.4% 19905.45
Hang Seng (HK$) 0.2% 26017.71


Most Asian stocks fell as investors were reluctant to add big positions ahead of key events looming in Europe and the US. The yen erased losses on a Bank of Japan report on how to handle a future exit from monetary stimulus, while oil nudged higher.


US stocks closed higher, recovering ground after a fall on Tuesday. Financial stocks led the way, as the momentum in Washington for an overhaul of bank regulations held up in advance of a preliminary vote today.


UK stocks in the FTSE 100 index closed slightly lower on the last day of campaigning before the general election. Banking stocks were among the top risers, with Lloyds Banking Group up 1.65% and RBS adding 1.35%. Analysts said that struggling Spanish bank Banco Popular's rescue by Santander had given the overall banking sector a boost.


  • The European Central Bank’s challenge of the day is to weigh improvements in economic growth against the lack of convincing inflation pressure.The words policy makers will choose to describe the region’s outlook will help determine whether the institution is moving closer toward unwinding unconventional stimulus.
  • German industrial production rose more than analysts predicted, with a fourth consecutive increase in manufacturing adding to signs of underlying strength in Europe’s largest economy.

Market data

UK (£)
FTSE 1007,478.62-0.6%4.7%14.4%
FTSE 25019,695.920.2%9.0%3.7%
FTSE All Share4,086.98-0.5%5.5%12.5%
FTSE Small Cap5,593.27-0.1%8.8%11.0%
St. James's Place1,163.000.3%17.0%3.9%
Europe (€)
Euro Stoxx 600389.18-0.1%7.7%-1.2%
DAX 3012,672.49-0.1%10.4%7.0%
CAC 405,265.53-0.1%8.3%4.9%
US (US$)
S&P 5002,433.140.2%8.7%9.5%
Dow Jones Ind21,173.690.2%7.1%13.4%
Hang Seng26,017.710.2%18.3%0.4%
Nikkei 22519,905.45-0.4%4.1%1.8%
Australia 2005,676.600.2%0.2%7.0%
MSCI AC Asia Pacific155.440.1%15.1%2.3%
World (US$)
MSCI World (Developed)1,927.060.1%10.0%5.3%
MSCI AC World (Dev & Em)467.630.0%10.9%5.6%
MSCI Emerging Markets1,015.750.0%17.8%8.6%
MSCI AC World Value205.980.0%6.0%9.5%
MSCI AC World Growth250.210.1%16.0%1.8%
Fixed Income
FTSE Gilts All Stocks3,622.310.2%2.8%8.5%
FTSE Index Linked All Stocks654.98-0.1%2.9%21.2%
ML Sterling Corporate Bonds398.040.1%4.4%10.7%
ML Global High Yield Bonds363.67-0.1%6.2%15.0%
Commodities (US$)
Brent Crude Oil48.06-4.1%-18.3%23.4%
UK Sectors
Basic Materials5,105.36-0.1%1.1%93.9%
Consumer Goods and Services22,956.82-0.8%16.6%9.6%
Health Care10,740.47-1.2%8.7%5.8%
Oil & Gas7,717.22-1.3%-9.7%54.2%
$ per £1.29-0.3%4.4%-16.3%
€ per £1.14-0.4%-2.5%-15.7%
¥ per £140.99-0.3%-2.4%-22.7%
VIX Index (Volatility)10.39-0.6%-26.0%-22.9%
Baltic Dry Index821.000.4%-14.6%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.29%
Consumer Price Index2.70%
Retail Price Index3.50%
Yields / Ratios
FTSE 100 Adj P/E25.14
FTSE All Share Adj P/E23.66
FTSE All Share Yld3.78%
15yr Gilt Yield1.40%
10yr Gilt Yield1.00%
10yr US Tres Yield2.17%

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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