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Investment Market Update

10 March 2017

World markets

FTSE 100 -0.3% 7314.96
FTSE 250 -0.2% 18891.54
Euro Stoxx 600 0.1% 372.89
S&P 500 0.1% 2364.87
Nikkei 1.5% 19604.61
Hang Seng (HK$) 0.1% 23536.13


Asian stocks gained, rebounding from a two-day drop, as investors predict US nonfarm payrolls data due later today will confirm the strength of the world’s largest economy.


US stocks were little changed as investors assessed higher bond yields and comments from the European Central Bank ahead of today's February payrolls data.


UK stocks closed lower, after a further fall in the price of oil hit mining stocks. The price of oil has been falling on fears that increased US production will offset Opec efforts to curb supply, thereby suppressing prices.


  • BT has bowed to demands by the telecoms regulator Ofcom to legally separate Openreach, which runs the UK's broadband infrastructure. Ofcom said that Openreach will "become a distinct company with its own staff and management, together with its own strategy and a legal purpose to serve all of its customers equally".
  • A prosecution witness in the trial of two bankers for manipulating Libor interest rates has accepted banks could put rates higher or lower without necessarily breaking the rules.

Market data

UK (£)
FTSE 1007,314.96-0.3%2.4%14.4%
FTSE 25018,891.54-0.2%4.5%3.7%
FTSE All Share3,981.64-0.3%2.8%12.5%
FTSE Small Cap5,348.30-0.4%4.0%11.0%
St. James's Place1,085.000.3%7.0%3.9%
Europe (€)
Euro Stoxx 600372.890.1%3.2%-1.2%
DAX 3011,978.390.1%4.3%7.0%
CAC 404,981.510.4%2.5%4.9%
US (US$)
S&P 5002,364.870.1%5.6%9.5%
Dow Jones Ind20,858.190.0%5.5%13.4%
Hang Seng23,536.130.1%7.0%0.4%
Nikkei 22519,604.611.5%2.6%1.8%
Australia 2005,775.620.6%1.9%7.0%
MSCI AC Asia Pacific143.35-0.6%6.1%2.3%
World (US$)
MSCI World (Developed)1,835.900.1%4.8%5.3%
MSCI AC World (Dev & Em)443.21-0.1%5.1%5.6%
MSCI Emerging Markets922.94-1.3%7.0%8.6%
MSCI AC World Value201.25-0.1%3.5%9.5%
MSCI AC World Growth230.05-0.1%6.7%1.8%
Fixed Income
FTSE Gilts All Stocks3,545.680.2%0.6%8.5%
FTSE Index Linked All Stocks641.180.6%0.7%21.2%
ML Sterling Corporate Bonds386.300.1%1.3%10.7%
ML Global High Yield Bonds349.14-0.4%1.9%15.0%
Commodities (US$)
Brent Crude Oil52.19-1.7%-10.1%23.4%
UK Sectors
Basic Materials5,219.62-3.1%3.3%93.9%
Consumer Goods and Services21,698.160.5%10.2%9.6%
Health Care10,472.960.0%6.0%5.8%
Oil & Gas7,818.50-1.8%-8.5%54.2%
$ per £1.220.2%-1.1%-16.3%
€ per £1.150.0%-2.0%-15.7%
¥ per £139.17-0.4%-3.7%-22.7%
VIX Index (Volatility)11.930.6%-15.0%-22.9%
Baltic Dry Index1,064.001.8%10.7%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.35%
Consumer Price Index1.80%
Retail Price Index2.60%
Yields / Ratios
FTSE 100 Adj P/E26.87
FTSE All Share Adj P/E24.77
FTSE All Share Yld3.90%
15yr Gilt Yield1.59%
10yr Gilt Yield1.22%
10yr US Tres Yield2.61%

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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