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Investment Market Update

17 May 2017

World markets

FTSE 100 0.9% 7522.03
FTSE 250 0.6% 19875.89
Euro Stoxx 600 0.0% 395.91
S&P 500 -0.1% 2400.67
Nikkei -0.5% 19814.88
Hang Seng (HK$) -0.2% 25293.39


Asian Stock markets softened following a tepid lead from Wall Street as oil prices gave up recent gains, while haven assets including gold, government bonds and the Japanese yen rallied.


US Tech stocks closed higher, amid mixed US markets, as investors digested company results and a disappointing report on homebuilding.


The FTSE 100's recent record-breaking run showed no sign of ending as the UK's main share index set new intra-day and closing highs. Confidence in the outcome of the UK election and a recovery in commodity stocks helped lift the index.


  • Lloyds Banking Group chief executive António Horta-Osório, said: "Today the government has sold its last shares in Lloyds Banking Group, receiving more money than was originally invested."
  • Tata Steel UK has offered to pay £550m into its now-closed pension scheme and give the fund a 33% stake in its UK business.The former British Steel scheme was shut at the end of March as part of Tata's plan to avoid going bust.

Market data

UK (£)
FTSE 1007,522.030.9%5.3%14.4%
FTSE 25019,875.890.6%9.9%3.7%
FTSE All Share4,113.100.8%6.2%12.5%
FTSE Small Cap5,632.030.0%9.5%11.0%
St. James's Place1,170.00-0.7%17.7%3.9%
Europe (€)
Euro Stoxx 600395.910.0%9.5%-1.2%
DAX 3012,804.530.0%11.5%7.0%
CAC 405,406.10-0.2%11.2%4.9%
US (US$)
S&P 5002,400.67-0.1%7.2%9.5%
Dow Jones Ind20,979.750.0%6.2%13.4%
Hang Seng25,293.39-0.2%15.0%0.4%
Nikkei 22519,814.88-0.5%3.7%1.8%
Australia 2005,786.00-1.1%2.1%7.0%
MSCI AC Asia Pacific151.900.5%12.5%2.3%
World (US$)
MSCI World (Developed)1,906.230.2%8.9%5.3%
MSCI AC World (Dev & Em)463.110.3%9.8%5.6%
MSCI Emerging Markets1,015.050.5%17.7%8.6%
MSCI AC World Value205.640.2%5.8%9.5%
MSCI AC World Growth245.850.3%14.0%1.8%
Fixed Income
FTSE Gilts All Stocks3,574.870.3%1.4%8.5%
FTSE Index Linked All Stocks651.430.2%2.3%21.2%
ML Sterling Corporate Bonds392.890.2%3.1%10.7%
ML Global High Yield Bonds361.100.2%5.4%15.0%
Commodities (US$)
Brent Crude Oil51.65-0.3%-12.0%23.4%
UK Sectors
Basic Materials5,182.191.4%2.6%93.9%
Consumer Goods and Services22,634.331.5%15.0%9.6%
Health Care10,812.770.9%9.5%5.8%
Oil & Gas8,056.040.9%-5.8%54.2%
$ per £1.29-0.1%4.6%-16.3%
€ per £1.180.9%0.3%-15.7%
¥ per £146.630.3%1.5%-22.7%
VIX Index (Volatility)10.652.2%-24.1%-22.9%
Baltic Dry Index980.00-1.4%2.0%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.32%
Consumer Price Index2.70%
Retail Price Index3.50%
Yields / Ratios
FTSE 100 Adj P/E25.35
FTSE All Share Adj P/E23.96
FTSE All Share Yld3.77%
15yr Gilt Yield1.52%
10yr Gilt Yield1.13%
10yr US Tres Yield2.33%

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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