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Investment Market Update

16 March 2017

World markets

FTSE 100 0.1% 7368.64
FTSE 250 0.1% 18963.96
Euro Stoxx 600 0.4% 375.10
S&P 500 0.8% 2385.26
Nikkei 0.1% 19590.14
Hang Seng (HK$) 1.7% 24194.59


Asian shares traded up as they reacted positively to the raise in interest rates in the US. Hong Kong's  Hang Seng is up an impressive 1.7% with the city’s own rates hike lifting investor spirits. 


US shares closed higher after the Federal Reserve raised its benchmark interest rate. The Federal Reserve had been expected to raise rates after strong February jobs figures and rising inflation, and wage gains.


UK stocks market edged higher, in advance of the interest rate decision by the US Federal Reserve later in the day. Pharmaceutical firm Hikma rose 8% after reporting stronger than expected annual results.


  • The US Federal Reserve has raised its benchmark interest rate by 0.25% for only the third time in a decade. The central bank voted to raise its key rate target to a range of 0.75% to 1%. Federal Reserve policymakers are expected to increase rates a total of three times this year.
  • Plans to increase National Insurance rates for self-employed people - announced in the Budget last week - have been dropped. Chancellor Philip Hammond has said the government will not proceed with the increases which were criticised for breaking a 2015 manifesto pledge. He told MPs in a Commons statement: "There will be no increases in National Insurance rates in this Parliament."

Market data

UK (£)
FTSE 1007,368.640.1%3.2%14.4%
FTSE 25018,963.960.1%4.9%3.7%
FTSE All Share4,008.360.1%3.5%12.5%
FTSE Small Cap5,378.430.2%4.6%11.0%
St. James's Place1,083.00-0.2%6.8%3.9%
Europe (€)
Euro Stoxx 600375.100.4%3.8%-1.2%
DAX 3012,009.870.2%4.6%7.0%
CAC 404,985.480.2%2.5%4.9%
US (US$)
S&P 5002,385.260.8%6.5%9.5%
Dow Jones Ind20,950.100.5%6.0%13.4%
Hang Seng24,194.591.7%10.0%0.4%
Nikkei 22519,590.140.1%2.5%1.8%
Australia 2005,785.790.2%2.1%7.0%
MSCI AC Asia Pacific145.720.0%7.9%2.3%
World (US$)
MSCI World (Developed)1,854.150.6%5.9%5.3%
MSCI AC World (Dev & Em)448.200.6%6.2%5.6%
MSCI Emerging Markets943.520.4%9.4%8.6%
MSCI AC World Value203.220.6%4.6%9.5%
MSCI AC World Growth232.990.6%8.1%1.8%
Fixed Income
FTSE Gilts All Stocks3,542.050.1%0.5%8.5%
FTSE Index Linked All Stocks638.34-0.1%0.3%21.2%
ML Sterling Corporate Bonds386.030.1%1.3%10.7%
ML Global High Yield Bonds349.000.3%1.9%15.0%
Commodities (US$)
Brent Crude Oil51.811.7%-10.7%23.4%
UK Sectors
Basic Materials5,426.671.3%7.4%93.9%
Consumer Goods and Services21,897.30-0.2%11.2%9.6%
Health Care10,569.74-0.2%7.0%5.8%
Oil & Gas7,851.060.2%-8.2%54.2%
$ per £1.220.0%-1.1%-16.3%
€ per £1.150.2%-2.0%-15.7%
¥ per £140.200.4%-3.0%-22.7%
VIX Index (Volatility)11.63-5.4%-17.2%-22.9%
Baltic Dry Index1,147.003.1%19.4%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.34%
Consumer Price Index1.80%
Retail Price Index2.60%
Yields / Ratios
FTSE 100 Adj P/E26.99
FTSE All Share Adj P/E24.79
FTSE All Share Yld3.89%
15yr Gilt Yield1.58%
10yr Gilt Yield1.21%
10yr US Tres Yield2.49%

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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