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Investment Market Update

11 May 2018

World markets

FTSE 100 0.5% 7700.97
FTSE 250 0.1% 20699.41
Euro Stoxx 600 -0.1% 391.97
S&P 500 0.9% 2723.07
Nikkei 1.1% 22741.10
Hang Seng (HK$) 1.4% 31228.58


Asian stocks rallied after their US counterparts gained amid relief. The latest reading on American inflation suggested less need for the Federal Reserve to accelerate monetary tightening.


US stocks rose Thursday and market volatility continued to fade, as fears of runaway inflation abated to help send the Dow Jones Industrial Average higher for a sixth consecutive session.


UK stocks closed higher as the UK premier index was given a boost by weaker sterling. The pound lost ground after the latest Bank ot England meeting, where interest rates were kept on hold.


  • The Bank of England said the UK economy has hit a "temporary soft patch" as it kept interest rates on hold at 0.5%. The Bank cut its growth forecast for the year to 1.4%, down from the forecast of 1.8% made in February. The Bank says that the cut is almost entirely due to the disruption to the economy caused by bad weather in March.
  • At least 73 supermarkets will have to be sold in order for Sainsbury's proposed merger with Asda to be given the go-ahead, according to new research. And it's in the south-east and the north-west of England where stores are most under threat. The new supermarket group would become the largest in the UK by market share.

Market data

UK (£)
FTSE 1007,700.970.50%0.20%7.60%
FTSE 25020,699.410.10%-0.10%14.70%
FTSE All Share4,228.420.40%0.20%9.00%
FTSE Small Cap5,965.740.20%0.90%14.90%
St. James's Place1,179.000.30%-3.80%20.90%
Europe (€)
Euro Stoxx 600391.97-0.10%0.70%7.70%
DAX 3013,022.870.60%0.80%12.50%
CAC 405,545.950.20%4.40%9.30%
US (US$)
S&P 5002,723.070.90%1.80%19.40%
Dow Jones Ind24,739.530.80%0.10%25.10%
Hang Seng31,228.581.40%4.40%38.50%
Nikkei 22522,741.101.10%-0.10%19.10%
Australia 2006,119.300.00%0.90%7.00%
MSCI AC Asia Pacific174.030.60%0.10%28.70%
World (US$)
MSCI World (Developed)2,123.530.60%1.00%20.10%
MSCI AC World (Dev & Em)517.2330.70%0.80%21.60%
MSCI Emerging Markets1,156.551.10%-0.20%34.20%
MSCI AC World Value220.0460.70%-1.80%15.20%
MSCI AC World Growth286.1210.70%3.40%28.30%
Fixed Income
FTSE Gilts All Stocks3,555.350.30%-0.90%3.00%
FTSE Index Linked All Stocks629.190.80%-2.90%2.30%
ML Sterling Corporate Bonds394.2680.30%-1.60%5.70%
ML Global High Yield Bonds374.9320.10%-0.70%9.70%
Commodities (US$)
Brent Crude Oil77.470.30%18.30%14.50%
UK Sectors
Basic Materials6,567.291.60%4.00%25.00%
Consumer Goods and Services20,123.840.30%-10.00%13.60%
Health Care10,117.310.30%6.30%-3.70%
Oil & Gas9,712.83-0.80%7.20%6.00%
$ per £1.35570.40%0.30%9.50%
€ per £1.14360.90%1.60%-4.00%
¥ per £148.6640.60%-2.30%5.30%
VIX Index (Volatility)13.23-1.40%19.80%-21.40%
Baltic Dry Index1,453.00-0.80%6.40%42.14%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.68%
Consumer Price Index2.50%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E13.24%
FTSE All Share Adj P/E13.64%
FTSE All Share Yld3.94%
15yr Gilt Yield1.71%
10yr Gilt Yield1.43%
10yr US Tres Yield2.96%

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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