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Investment Market Update

10 April 2018

World markets

FTSE 100 0.2% 7194.75
FTSE 250 -0.2% 19484.35
Euro Stoxx 600 0.1% 375.30
S&P 500 0.3% 2613.16
Nikkei 0.7% 21819.81
Hang Seng (HK$) 1.5% 30672.76


Asian stocks climbed higher as President Xi Jinping struck a conciliatory tone. Shares from Sydney to Hong Kong rose alongside oil and metals and Treasuries extended losses with gold and the yen.  


US stocks rose as gains in technology shares and a softer stance by US policymakers on China trade tariffs powered a rebound from last week's sell-off. The FANG group, comprising four closely-watched internet stocks - Facebook, Amazon, Netflix, and Alphabet Inc's Google - were up between 1.1% and 3.4%.


UK stocks in the main index closed slightly higher after spending much of the afternoon in the red. Russian steelmaker Evraz was the main casualty, down 14.5% in the wake of US sanctions against the country. Global commodities giant Glencore also fell 3.3%.


  • Chinese President Xi Jinping reiterated pledges to open sectors from banking to auto manufacturing in a speech that also warned against returning to a “Cold War mentality” amid trade disputes with US counterpart Donald Trump. Xi pledged a “new phase of opening up” in his keynote address to the Boao Forum for Asia, China’s answer to Davos.
  • The European Central Bank’s top officials lined up to express cautious confidence in the euro-area economy after a series of reports pointing to a surprisingly weak start to the year, while reiterating that they’ll move only slowly toward the end of stimulus.

Market data

UK (£)
FTSE 1007,194.750.2%-6.4%7.6%
FTSE 25019,484.35-0.2%-6.0%14.7%
FTSE All Share3,956.840.1%-6.3%9.0%
FTSE Small Cap5,637.590.0%-4.6%14.9%
St. James's Place1,060.500.8%-13.5%20.9%
Europe (€)
Euro Stoxx 600375.300.1%-3.6%7.7%
DAX 3012,261.750.2%-5.1%12.5%
CAC 405,263.390.1%-0.9%9.3%
US (US$)
S&P 5002,613.160.3%-2.3%19.4%
Dow Jones Ind23,979.100.2%-3.0%25.1%
Hang Seng30,672.761.5%2.5%38.5%
Nikkei 22521,819.810.7%-4.2%19.1%
Australia 2005,857.000.8%-3.4%7.0%
MSCI AC Asia Pacific172.860.7%-0.5%28.7%
World (US$)
MSCI World (Developed)2,061.190.4%-2.0%20.1%
MSCI AC World (Dev & Em)504.180.4%-1.7%21.6%
MSCI Emerging Markets1,163.070.1%0.4%34.2%
MSCI AC World Value216.670.4%-3.3%15.2%
MSCI AC World Growth276.270.4%-0.2%28.3%
Fixed Income
FTSE Gilts All Stocks3,570.12-0.1%-0.5%3.0%
FTSE Index Linked All Stocks637.26-0.1%-1.6%2.3%
ML Sterling Corporate Bonds393.710.0%-1.8%5.7%
ML Global High Yield Bonds378.040.1%0.2%9.7%
Commodities (US$)
Brent Crude Oil68.652.3%4.4%14.5%
UK Sectors
Basic Materials5,797.85-1.1%-8.2%25.0%
Consumer Goods and Services20,084.46-0.1%-10.2%13.6%
Health Care9,583.250.0%0.7%-3.7%
Oil & Gas8,544.60-0.1%-5.7%6.0%
$ per £1.41-0.3%4.3%9.5%
€ per £1.150.0%1.9%-4.0%
¥ per £150.65-0.3%-1.0%5.3%
VIX Index (Volatility)21.771.3%97.2%-21.4%
Baltic Dry Index952.000.4%-30.3%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.76%
Consumer Price Index2.70%
Retail Price Index3.60%
Yields / Ratios
FTSE 100 Adj P/E12.83
FTSE All Share Adj P/E13.18
FTSE All Share Yld4.11%
15yr Gilt Yield1.66%
10yr Gilt Yield1.41%
10yr US Tres Yield2.78%

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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