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Investment Market Update

16 May 2018

World markets

FTSE 100 0.2% 7722.98
FTSE 250 -0.1% 20784.92
Euro Stoxx 600 0.0% 392.37
S&P 500 -0.7% 2711.45
Nikkei -0.4% 22732.49
Hang Seng (HK$) 0.1% 31176.58


Asian stocks declined as geopolitical developments and rising benchmark US yields spurred a return of risk aversion.


US stocks weakened due to a surge in US bond yields to their highest level in almost seven years, after strong retail sales data stoked inflation concerns and investors fretted about looming trade talks between the US and China.


UK stocks closed higher on Tuesday after a mixed jobs report that was seen as easing pressure on the Bank of England to raise interest rates.


  • Carillion's board presided over a "rotten corporate culture" and was culpable for its "costly collapse", two committees of MPs have concluded. They also accused the government and big four accounting firms of failing to stop Britain's second biggest construction firm from going under.
  • Japan's economy shrank in the first quarter of 2018 for the first time in two years, ending the longest stretch of economic growth since the 1980s. The world's third biggest economy contracted at an annualised rate of 0.6%, official data showed. Expectations were for an annualised contraction of 0.2%.

Market data

UK (£)
FTSE 1007,722.980.20%0.50%7.60%
FTSE 25020,784.92-0.10%0.30%14.70%
FTSE All Share4,241.880.10%0.50%9.00%
FTSE Small Cap6,002.500.20%1.50%14.90%
St. James's Place1,181.500.60%-3.60%20.90%
Europe (€)
Euro Stoxx 600392.370.00%0.80%7.70%
DAX 3012,970.04-0.10%0.40%12.50%
CAC 405,553.160.20%4.50%9.30%
US (US$)
S&P 5002,711.45-0.70%1.40%19.40%
Dow Jones Ind24,706.41-0.80%-0.10%25.10%
Hang Seng31,176.580.10%4.20%38.50%
Nikkei 22522,732.49-0.40%-0.10%19.10%
Australia 2006,116.400.30%0.80%7.00%
MSCI AC Asia Pacific174.684-1.10%0.50%28.70%
World (US$)
MSCI World (Developed)2,119.98-0.80%0.80%20.10%
MSCI AC World (Dev & Em)516.14-0.90%0.60%21.60%
MSCI Emerging Markets1,150.27-1.60%-0.70%34.20%
MSCI AC World Value220.081-0.70%-1.80%15.20%
MSCI AC World Growth284.911-1.00%2.90%28.30%
Fixed Income
FTSE Gilts All Stocks3,529.28-0.20%-1.70%3.00%
FTSE Index Linked All Stocks621-0.10%-4.10%2.30%
ML Sterling Corporate Bonds392.432-0.20%-2.10%5.70%
ML Global High Yield Bonds374.688-0.30%-0.70%9.70%
Commodities (US$)
Brent Crude Oil78.430.30%19.80%14.50%
UK Sectors
Basic Materials6,615.27-0.80%4.70%25.00%
Consumer Goods and Services20,037.140.30%-10.40%13.60%
Health Care10,160.87-0.10%6.80%-3.70%
Oil & Gas9,957.021.20%9.90%6.00%
$ per £1.35840.50%0.50%9.50%
€ per £1.1343-0.40%0.70%-4.00%
¥ per £148.649-0.30%-2.40%5.30%
VIX Index (Volatility)14.6313.10%32.50%-21.40%
Baltic Dry Index1,468.00-0.50%7.50%42.14%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.65%
Consumer Price Index2.50%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E13.28497
FTSE All Share Adj P/E13.68426
FTSE All Share Yld3.91%
15yr Gilt Yield1.77%
10yr Gilt Yield1.52%
10yr US Tres Yield3.07%

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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