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Investment Market Update

08 November 2017

World markets

FTSE 100 -0.7% 7513.11
FTSE 250 -0.6% 20307.11
Euro Stoxx 600 -0.5% 394.65
S&P 500 0.0% 2590.64
Nikkei -0.1% 22913.82
Hang Seng (HK$) -0.2% 28940.99


Asian markets were mixed on Wednesday, taking the lead from Wall Street's narrowly mixed close in the last session. Investors in the region digested mixed trade data out of China and kept an eye on President Donald Trump's tour of Asia.


US stocks closed flat after quarterly earnings from travel websites Tripadvisor and Priceline disappointed. Shares in Tripadvisor plunged nearly 19% after the booking and review website said hotel revenue had fallen 3% year-on-year, hurting profits. Priceline also fell more than 13% after it said profit growth would be softer than in previous quarters.


UK stocks were down on Tuesday with shares in the world's largest security group, G4S, dropping nearly 5% after it downgraded its revenue growth forecast. Primark owner AB Foods fell more than 3.7% despite posting a rise in profits, AB Foods shares were hit after it said that profits at its sugar business were set to fall this year.


  • Sky has threatened to shut down Sky News if the news channel proves to be a major obstacle in its takeover bid by Rupert Murdoch's 21st Century Fox. Regulators are investigating the deal amid concerns that Mr Murdoch's media empire could become too powerful, Sky told the Competition and Markets Authority (CMA) that the regulator should not assume "the continued provision" of Sky News.
  • House prices across the UK are rising strongly and will continue to do so in the months ahead, the Halifax has reported. In the year to October, prices rose by 4.5%, up from 4% in September and the fastest rise since February. It brings the average price of a UK house to a new record high of £225,826.

Market data

UK (£)
FTSE 1007,513.11-0.7%5.2%14.4%
FTSE 25020,307.11-0.6%12.3%3.7%
FTSE All Share4,130.47-0.6%6.6%12.5%
FTSE Small Cap5,884.86-0.1%14.4%11.0%
St. James's Place1,179.00-0.3%20.2%3.9%
Europe (€)
Euro Stoxx 600394.65-0.5%9.2%-1.2%
DAX 3013,379.27-0.7%16.5%7.0%
CAC 405,480.64-0.5%12.7%4.9%
US (US$)
S&P 5002,590.640.0%15.7%9.5%
Dow Jones Ind23,557.230.0%19.2%13.4%
Hang Seng28,940.99-0.2%31.5%0.4%
Nikkei 22522,913.82-0.1%19.9%1.8%
Australia 2006,016.270.0%6.2%7.0%
MSCI AC Asia Pacific171.500.9%27.0%2.3%
World (US$)
MSCI World (Developed)2,046.780.0%16.9%5.3%
MSCI AC World (Dev & Em)499.580.0%18.4%5.6%
MSCI Emerging Markets1,134.550.3%31.6%8.6%
MSCI AC World Value217.900.0%12.1%9.5%
MSCI AC World Growth269.840.1%25.1%1.8%
Fixed Income
FTSE Gilts All Stocks3,558.480.2%1.0%8.5%
FTSE Index Linked All Stocks642.981.3%1.0%21.2%
ML Sterling Corporate Bonds397.880.1%4.4%10.7%
ML Global High Yield Bonds374.79-0.1%9.4%15.0%
Commodities (US$)
Brent Crude Oil63.69-0.9%8.6%23.4%
UK Sectors
Basic Materials6,026.04-1.3%19.3%93.9%
Consumer Goods and Services21,988.02-0.7%11.7%9.6%
Health Care9,435.79-1.5%-4.5%5.8%
Oil & Gas9,007.700.1%5.4%54.2%
$ per £1.320.0%6.6%-16.3%
€ per £1.13-0.3%-3.5%-15.7%
¥ per £149.720.0%3.6%-22.7%
VIX Index (Volatility)9.895.2%-29.6%-22.9%
Baltic Dry Index1,477.000.3%53.7%101.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.53%
Consumer Price Index3.00%
Retail Price Index3.90%
Yields / Ratios
FTSE 100 Adj P/E20.28
FTSE All Share Adj P/E19.94
FTSE All Share Yld3.78%
15yr Gilt Yield1.57%
10yr Gilt Yield1.23%
10yr US Tres Yield2.31%

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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