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Investment Market Update

18 April 2017

World markets

FTSE 100 -0.3% 7327.59
FTSE 250 0.5% 19525.33
Euro Stoxx 600 -0.3% 380.58
S&P 500 0.9% 2349.01
Nikkei -0.1% 18410.23
Hang Seng (HK$) -0.9% 24049.20


Asian stocks were mixed and the dollar gave up the gains it had made when the US Treasury Secretary spoke in support of a stronger currency as escalating tensions around North Korea dragged sentiment lower.


US stocks closed in decisively positive territory on Monday after investors returned from a three-day weekend in an upbeat mood.


UK stocks closed lower amid light trading volumes ahead of the Easter break as well as banking shares falling after healthy results from US banks including JP Morgan and Citigroup failed to boost confidence.


  • Netflix has grown slower than it expected in the first three months of the year, but insists that the opportunity for growth is "gigantic". The streaming firm added 4.95 million new subscribers in the quarter, fewer than the 5.2 million it had forecast. In the US, the firm added a third fewer new members than the same period a year ago, while overseas members fell 22%.
  • UK cereal firm Weetabix is to be bought by US firm Post Holdings for £1.4bn, its owner has confirmed. Weetabix, made in the UK since 1932, was put up for sale in January by China's Bright Food, which bought a 60% stake in 2012. Bright's acquisition was the largest by a Chinese firm at the time, but it is believed to have struggled to build significant market share in China.

Market data

UK (£)
FTSE 1007,327.59-0.3%2.6%14.4%
FTSE 25019,525.330.5%8.0%3.7%
FTSE All Share4,012.30-0.1%3.6%12.5%
FTSE Small Cap5,484.140.1%6.6%11.0%
St. James's Place1,066.000.8%7.2%3.9%
Europe (€)
Euro Stoxx 600380.58-0.3%5.3%-1.2%
DAX 3012,109.00-0.4%5.5%7.0%
CAC 405,071.10-0.6%4.3%4.9%
US (US$)
S&P 5002,349.010.9%4.9%9.5%
Dow Jones Ind20,636.920.9%4.4%13.4%
Hang Seng24,049.20-0.9%9.3%0.4%
Nikkei 22518,410.23-0.1%-3.7%1.8%
Australia 2005,831.00-1.0%2.9%7.0%
MSCI AC Asia Pacific146.800.0%8.7%2.3%
World (US$)
MSCI World (Developed)1,833.13-0.5%4.7%5.3%
MSCI AC World (Dev & Em)444.66-0.4%5.4%5.6%
MSCI Emerging Markets962.850.5%11.7%8.6%
MSCI AC World Value199.70-0.6%2.7%9.5%
MSCI AC World Growth233.41-0.3%8.2%1.8%
Fixed Income
FTSE Gilts All Stocks3,607.860.1%2.4%8.5%
FTSE Index Linked All Stocks677.19-0.8%6.4%21.2%
ML Sterling Corporate Bonds390.940.1%2.5%10.7%
ML Global High Yield Bonds354.310.1%3.4%15.0%
Commodities (US$)
Brent Crude Oil55.36-0.9%-5.3%23.4%
UK Sectors
Basic Materials5,324.450.1%5.4%93.9%
Consumer Goods and Services22,363.190.0%13.6%9.6%
Health Care10,313.290.4%4.4%5.8%
Oil & Gas7,962.98-0.9%-6.8%54.2%
$ per £1.25-0.2%1.2%-16.3%
€ per £0.850.0%-0.6%-15.7%
¥ per £0.73-0.3%5.5%-22.7%
VIX Index (Volatility)14.66-7.0%4.4%-22.9%
Baltic Dry Index1,296.001.1%34.9%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.34%
Consumer Price Index2.30%
Retail Price Index3.10%
Yields / Ratios
FTSE 100 Adj P/E26.83
FTSE All Share Adj P/E24.96
FTSE All Share Yld3.88%
15yr Gilt Yield1.42%
10yr Gilt Yield1.04%
10yr US Tres Yield2.25%

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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