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Investment Market Update

09 January 2018

World markets

FTSE 100 -0.4% 7696.51
FTSE 250 -0.4% 20856.56
Euro Stoxx 600 0.3% 398.41
S&P 500 0.2% 2747.71
Nikkei 0.6% 23849.99
Hang Seng (HK$) 0.3% 31006.98


Asian stocks were up as they clung to gains after a somewhat quiet session on Wall Street. Investors in the region also digested earnings guidance from tech heavyweight Samsung Electronics and kept an eye on ongoing inter-Korea talks.


US stocks closed higher as the S&P 500 and Nasdaq composite finished Monday's session at all-time highs as investors remained optimistic on the U.S. economy. Wall Street also looked ahead to the start of the calendar fourth-quarter earnings season later this week with J.P. Morgan Chase, BlackRock, and Wells Fargo among the companies scheduled to report.


UK stocks ended lower on Monday easing from fresh record intraday highs, with Micro Focus International and housebuilders weighing on the FTSE 100. Micro Focus International closed down 17% after the software company warned the integration of Hewlett Packard Enterprise Co's software arm could delay a return to revenue growth. 


  • The worst is yet to come for diesel cars which will see their sales continue to plunge, a study has warned. Aston University predicts they will account for just 15% of the UK market by 2025, down from a 50% peak. Automotive expert Professor David Bailey said diesel's "slow death" was being driven by "environmental pressures and consumer confusion"
  • Camera-maker GoPro is reported to be considering a sale after suffering a steep decline in holiday sales. GoPro earlier said revenue fell almost 40% in the fourth quarter to $340m compared to the same period in 2016. GoPro also announced redundancies and said it would exit the drone business.

Market data

UK (£)
FTSE 1007,696.51-0.4%0.1%7.6%
FTSE 25020,856.56-0.4%0.6%14.7%
FTSE All Share4,231.99-0.3%0.2%9.0%
FTSE Small Cap5,987.250.2%1.3%14.9%
St. James's Place1,244.00-0.6%1.5%20.9%
Europe (€)
Euro Stoxx 600398.410.3%2.4%7.7%
DAX 3013,367.780.4%3.5%12.5%
CAC 405,487.420.3%3.3%9.3%
US (US$)
S&P 5002,747.710.2%2.8%19.4%
Dow Jones Ind25,283.00-0.1%2.3%25.1%
Hang Seng31,006.980.3%3.6%38.5%
Nikkei 22523,849.990.6%4.8%19.1%
Australia 2006,135.810.1%1.2%7.0%
MSCI AC Asia Pacific179.880.3%3.5%28.7%
World (US$)
MSCI World (Developed)2,157.960.1%2.6%20.1%
MSCI AC World (Dev & Em)527.290.1%2.8%21.6%
MSCI Emerging Markets1,206.860.5%4.2%34.2%
MSCI AC World Value229.010.1%2.2%15.2%
MSCI AC World Growth285.990.1%3.3%28.3%
Fixed Income
FTSE Gilts All Stocks3,583.750.2%-0.1%3.0%
FTSE Index Linked All Stocks648.160.2%0.1%2.3%
ML Sterling Corporate Bonds402.320.2%0.4%5.7%
ML Global High Yield Bonds380.170.0%0.7%9.7%
Commodities (US$)
Brent Crude Oil67.780.2%1.4%14.5%
UK Sectors
Basic Materials6,452.541.2%2.1%25.0%
Consumer Goods and Services22,092.83-0.6%-1.2%13.6%
Health Care9,491.02-1.5%-0.2%-3.7%
Oil & Gas9,215.90-0.2%1.7%6.0%
$ per £1.360.1%0.4%9.5%
€ per £1.13-0.4%0.2%-4.0%
¥ per £153.430.1%0.8%5.3%
VIX Index (Volatility)9.523.3%-13.8%-21.4%
Baltic Dry Index1,385.001.0%1.4%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.52%
Consumer Price Index3.10%
Retail Price Index3.90%
Yields / Ratios
FTSE 100 Adj P/E20.86
FTSE All Share Adj P/E20.26
FTSE All Share Yld3.79%
15yr Gilt Yield1.54%
10yr Gilt Yield1.24%
10yr US Tres Yield2.48%

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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