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Investment Market Update

09 March 2017

World markets

FTSE 100 -0.1% 7334.61
FTSE 250 0.2% 18931.07
Euro Stoxx 600 0.1% 372.58
S&P 500 -0.2% 2362.98
Nikkei 0.3% 19318.58
Hang Seng (HK$) -1.2% 23495.93


Asian markets outside Japan declined after data showed Chinese producer prices rising at the fastest pace since just after the Beijing Olympics, while consumer prices were weaker than expected.


US stocks fell for the third consecutive session, as financial stocks fell back from earlier gains and utility shares led losses.


UK stocks closed lower despite a small boost for housebuilders following the Chancellor's Budget speech, as Philip Hammond stuck to plans to boost infrastructure spending.


  • Chancellor of the Exchequer Philip Hammond said the UK economy will grow faster than previously forecast in 2017, though less quickly over the following three years.
  • The UK is increasingly seen as triggering Brexit toward the end of March, according to a European Union diplomat. The signs are that the UK government will invoke Article 50 of the Lisbon Treaty after a summit of EU leaders scheduled in Rome on March 25.

Market data

UK (£)
FTSE 1007,334.61-0.10%2.70%14.43%
FTSE 25018,931.070.20%4.70%3.71%
FTSE All Share3,992.190.00%3.10%12.45%
FTSE Small Cap5,371.660.10%4.40%10.97%
St. James's Place1,082.000.30%6.70%3.85%
Europe (€)
Euro Stoxx 600372.580.10%3.10%-1.20%
DAX 3011,967.310.00%4.20%7.02%
CAC 404,960.480.10%2.00%4.86%
US (US$)
S&P 5002,362.98-0.20%5.50%9.54%
Dow Jones Ind20,855.73-0.30%5.50%13.42%
Hang Seng23,495.93-1.20%6.80%0.39%
Nikkei 22519,318.580.30%1.10%1.84%
Australia 2005,741.20-0.30%1.30%6.98%
MSCI AC Asia Pacific144.165-0.30%6.80%2.34%
World (US$)
MSCI World (Developed)1,834.72-0.30%4.80%5.32%
MSCI AC World (Dev & Em)443.571-0.30%5.20%5.63%
MSCI Emerging Markets934.902-0.20%8.40%8.58%
MSCI AC World Value201.393-0.40%3.60%9.50%
MSCI AC World Growth230.266-0.20%6.80%1.81%
Fixed Income
FTSE Gilts All Stocks3,540.24-0.30%0.40%8.51%
FTSE Index Linked All Stocks637.290.40%0.10%21.23%
ML Sterling Corporate Bonds386.098-0.20%1.30%10.75%
ML Global High Yield Bonds350.438-0.40%2.30%15.01%
Commodities (US$)
Brent Crude Oil53.11-5.00%-8.50%23.39%
UK Sectors
Basic Materials5,387.13-0.80%6.60%93.91%
Consumer Goods and Services21,581.05-0.20%9.60%9.56%
Health Care10,474.210.10%6.00%5.83%
Oil & Gas7,964.39-0.90%-6.80%54.21%
$ per £1.242.00%0.50%-16.25%
€ per £1.182.30%0.60%-15.73%
¥ per £139.2-0.10%-3.70%-22.69%
VIX Index (Volatility)11.934.20%-15.00%-22.90%
Baltic Dry Index1,045.001.20%8.70%101.05%
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/E26.95823
FTSE All Share Adj P/E24.83739
FTSE All Share Yld3.88%
15yr Gilt Yield1.58%
10yr Gilt Yield1.22%
10yr US Tres Yield2.56%

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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