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Investment Market Update

12 May 2017

World markets

FTSE 100 0.0% 7386.63
FTSE 250 -0.4% 19795.69
Euro Stoxx 600 -0.5% 394.39
S&P 500 -0.2% 2394.44
Nikkei -0.5% 19869.94
Hang Seng (HK$) 0.2% 25169.26


Asian markets were mixed as the Nikkei was down but the Hang Seng was up, due to a lack of direction from Wall Street overnight. China's Shanghai composite is up 0.5%, after the Chinese central bank injected a fresh $67bn of funds into the financial system. 


US stocks closed down pulled down by lower-than-expected sales at major US department stores. Shares of department store operator Macy's shed 17% after its quarterly results were released, leading a broader sell-off of retail stocks. 


UK stocks closed almost flat, up 1.4 points at 7,386.6, helped by a positive performance from mining shares. Silver miner Fresnillo rose 5%, while Randgold Resources and Antofagasta also rallied. 


  • The pound fell sharply after the Bank of England's latest Inflation Report was seen as ruling out any rate rises for some time.
  • The US and China will expand trade in beef and chicken and increase access for financial firms, US Commerce Secretary Wilbur Ross has said. 

Market data

UK (£)
FTSE 1007,386.630.0%3.4%14.4%
FTSE 25019,795.69-0.4%9.5%3.7%
FTSE All Share4,050.64-0.1%4.6%12.5%
FTSE Small Cap5,610.88-0.2%9.1%11.0%
St. James's Place1,166.00-0.5%17.3%3.9%
Europe (€)
Euro Stoxx 600394.39-0.5%9.1%-1.2%
DAX 3012,711.06-0.4%10.7%7.0%
CAC 405,383.42-0.3%10.7%4.9%
US (US$)
S&P 5002,394.44-0.2%7.0%9.5%
Dow Jones Ind20,919.42-0.1%5.9%13.4%
Hang Seng25,169.260.2%14.4%0.4%
Nikkei 22519,869.94-0.5%4.0%1.8%
Australia 2005,834.90-0.7%3.0%7.0%
MSCI AC Asia Pacific150.930.5%11.8%2.3%
World (US$)
MSCI World (Developed)1,891.21-0.2%8.0%5.3%
MSCI AC World (Dev & Em)459.11-0.2%8.8%5.6%
MSCI Emerging Markets1,000.350.5%16.0%8.6%
MSCI AC World Value203.97-0.2%4.9%9.5%
MSCI AC World Growth243.61-0.1%13.0%1.8%
Fixed Income
FTSE Gilts All Stocks3,558.210.0%1.0%8.5%
FTSE Index Linked All Stocks648.370.2%1.8%21.2%
ML Sterling Corporate Bonds391.280.1%2.6%10.7%
ML Global High Yield Bonds359.200.0%4.9%15.0%
Commodities (US$)
Brent Crude Oil50.771.1%-13.5%23.4%
UK Sectors
Basic Materials5,051.530.7%0.0%93.9%
Consumer Goods and Services22,254.680.2%13.1%9.6%
Health Care10,377.970.2%5.1%5.8%
Oil & Gas7,899.380.4%-7.6%54.2%
$ per £1.290.5%4.9%-16.3%
€ per £1.190.5%1.5%-15.7%
¥ per £147.610.7%2.1%-22.7%
VIX Index (Volatility)10.603.8%-24.5%-22.9%
Baltic Dry Index1,012.000.7%5.3%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.31%
Consumer Price Index2.30%
Retail Price Index3.10%
Yields / Ratios
FTSE 100 Adj P/E24.89
FTSE All Share Adj P/E23.59
FTSE All Share Yld3.82%
15yr Gilt Yield1.55%
10yr Gilt Yield1.16%
10yr US Tres Yield2.39%

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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