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Investment Market Update

09 July 2018

World markets

FTSE 100 0.2% 7617.70
FTSE 250 0.0% 20618.34
Euro Stoxx 600 0.2% 382.36
S&P 500 0.8% 2759.82
Nikkei 1.2% 22052.18
Hang Seng (HK$) 1.7% 28801.46


Asian stocks gained, building on a positive Friday session for global equities, as investors set aside concerns about escalating trade tensions to prepare for the latest earnings season after signs of continued economic strength.


US stocks closed higher on Friday to finish the week on an upbeat note on the back of a better-than-expected jobs report.


UK stocks closed flat as the indexes flucuated in time to the US and China firing their first shots in the trade war. 


  • China has hit back after US tariffs on Chinese goods came into effect and President Donald Trump threatened to impose more. China's commerce ministry said it had lodged a new complaint with the World Trade Organization. Meanwhile, Russia has announced extra duties on US imports in retaliation for earlier US steel tariffs.
  • US employers added a higher-than-expected 213,000 jobs last month, extending the US economy's long-running growth streak. The manufacturing sector helped power the gains, adding 36,000 jobs, but the retail sector shed 22,000 positions. The unemployment rate ticked up to 4% from 3.8%, as the strong labour market encouraged more people to look for work.

Market data

UK (£)
FTSE 1007,617.700.2%-0.9%7.6%
FTSE 25020,618.340.0%-0.5%14.7%
FTSE All Share4,187.170.2%-0.8%9.0%
FTSE Small Cap5,888.000.1%-0.4%14.9%
St. James's Place1,171.000.3%-4.5%20.9%
Europe (€)
Euro Stoxx 600382.360.2%-1.8%7.7%
DAX 3012,496.170.3%-3.3%12.5%
CAC 405,375.770.2%1.2%9.3%
US (US$)
S&P 5002,759.820.8%3.2%19.4%
Dow Jones Ind24,456.480.4%-1.1%25.1%
Hang Seng28,801.461.7%-3.7%38.5%
Nikkei 22522,052.181.2%-3.1%19.1%
Australia 2006,286.000.2%3.6%7.0%
MSCI AC Asia Pacific163.910.8%-5.7%28.7%
World (US$)
MSCI World (Developed)2,113.740.8%0.5%20.1%
MSCI AC World (Dev & Em)509.900.8%-0.6%21.6%
MSCI Emerging Markets1,059.970.5%-8.5%34.2%
MSCI AC World Value213.970.6%-4.5%15.2%
MSCI AC World Growth285.691.0%3.2%28.3%
Fixed Income
FTSE Gilts All Stocks3,612.530.0%0.7%3.0%
FTSE Index Linked All Stocks642.770.1%-0.8%2.3%
ML Sterling Corporate Bonds394.600.0%-1.5%5.7%
ML Global High Yield Bonds372.630.2%-1.3%9.7%
Commodities (US$)
Brent Crude Oil77.11-0.4%19.1%14.5%
UK Sectors
Basic Materials6,247.480.3%-1.1%25.0%
Consumer Goods and Services20,328.370.1%-9.1%13.6%
Health Care10,242.090.3%7.6%-3.7%
Oil & Gas9,775.62-0.1%7.9%6.0%
$ per £1.32-0.5%-2.2%9.5%
€ per £1.13-0.1%0.4%-4.0%
¥ per £146.28-0.3%-3.9%5.3%
VIX Index (Volatility)13.37-10.7%21.1%-21.4%
Baltic Dry Index1,622.000.6%18.7%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.71%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E13.07
FTSE All Share Adj P/E13.01
FTSE All Share Yld4.01%
15yr Gilt Yield1.54%
10yr Gilt Yield1.27%
10yr US Tres Yield2.82%

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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