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Investment Market Update

18 October 2017

World markets

FTSE 100 -0.1% 7516.17
FTSE 250 -0.4% 20130.95
Euro Stoxx 600 -0.2% 390.44
S&P 500 0.1% 2559.36
Nikkei 0.1% 21363.05
Hang Seng (HK$) -0.1% 28673.99


Asian markets were steady as investors keep an eye on China's Party Congress for signs on future policy direction in the world's second-largest economy. Major exporters were mixed, with most automakers recording losses: Mitsubishi Motor was down 1.98%, Nissan slid 0.23%. 


US stocks were up with gains for healthcare firm UnitedHealth and drugs maker Johnson & Johnson, after the companies raised their profit forecasts. UnitedHealth shares rose 5.6% while Johnson & Johnson stock was 3% higher.


UK stocks fell overall on Tuesday, Merlin Entertainments fell 16% after it said summer trading had been poor due to bad weather and terror attacks. A fall in Sterling also contributed after the Bank of England's new deputy governor indicated he was not in favour of raising rates.


  • Amazon and eBay are profiting from sellers who defraud UK taxpayers by failing to charge VAT, according to a report by MPs. The report estimates up to £1.5bn has been lost from third-party sellers on online marketplaces not charging the tax on sales they make in the UK.
  • A Chinese online micro-lender is set for the biggest Chinese debut on a US stock exchange this year. Qudian priced its US initial public offering at $24 per share, giving it a valuation of about $900m (£682m). The company focuses on small, short-term consumer loans for predominantly young customers.

Market data

UK (£)
FTSE 1007,516.17-0.1%5.2%14.4%
FTSE 25020,130.95-0.4%11.4%3.7%
FTSE All Share4,124.45-0.2%6.5%12.5%
FTSE Small Cap5,829.35-0.4%13.3%11.0%
St. James's Place1,157.00-2.2%17.9%3.9%
Europe (€)
Euro Stoxx 600390.44-0.2%8.0%-1.2%
DAX 3012,995.06-0.1%13.2%7.0%
CAC 405,361.370.0%10.3%4.9%
US (US$)
S&P 5002,559.360.1%14.3%9.5%
Dow Jones Ind22,997.440.2%16.4%13.4%
Hang Seng28,673.99-0.1%30.3%0.4%
Nikkei 22521,363.050.1%11.8%1.8%
Australia 2005,890.480.0%4.0%7.0%
MSCI AC Asia Pacific167.45-0.2%24.0%2.3%
World (US$)
MSCI World (Developed)2,027.36-0.1%15.8%5.3%
MSCI AC World (Dev & Em)494.94-0.2%17.3%5.6%
MSCI Emerging Markets1,125.67-0.5%30.5%8.6%
MSCI AC World Value217.39-0.2%11.8%9.5%
MSCI AC World Growth265.55-0.2%23.2%1.8%
Fixed Income
FTSE Gilts All Stocks3,547.760.5%0.7%8.5%
FTSE Index Linked All Stocks646.040.7%1.5%21.2%
ML Sterling Corporate Bonds395.840.4%3.8%10.7%
ML Global High Yield Bonds375.690.0%9.7%15.0%
Commodities (US$)
Brent Crude Oil57.880.1%-1.4%23.4%
UK Sectors
Basic Materials6,029.53-1.1%19.4%93.9%
Consumer Goods and Services22,225.920.1%12.9%9.6%
Health Care9,977.93-0.3%1.0%5.8%
Oil & Gas8,411.79-0.2%-1.6%54.2%
$ per £1.330.8%7.7%-16.3%
€ per £1.120.3%-4.1%-15.7%
¥ per £148.480.3%2.8%-22.7%
VIX Index (Volatility)10.314.0%-26.6%-22.9%
Baltic Dry Index1,552.001.9%61.5%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.38%
Consumer Price Index3.00%
Retail Price Index3.90%
Yields / Ratios
FTSE 100 Adj P/E22.33
FTSE All Share Adj P/E21.58
FTSE All Share Yld3.77%
15yr Gilt Yield1.60%
10yr Gilt Yield1.28%
10yr US Tres Yield2.30%

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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