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Investment Market Update

21 April 2017

World markets

FTSE 100 0.1% 7118.54
FTSE 250 -0.2% 19378.75
Euro Stoxx 600 0.2% 378.06
S&P 500 0.8% 2355.84
Nikkei 1.1% 18632.65
Hang Seng (HK$) 0.1% 24078.06


Asian stocks rose as optimism spread for a US tax overhaul and the yen weakened after Bank of Japan Governor Haruhiko Kuroda said he will keep accommodative policy in place.


US stocks jumped amid corporate results and comments from the Treasury Secretary that bolstered bets the Trump administration would cut taxes soon. The dollar all but erased losses and Treasuries fell as the odds for a June interest rate hike climbed.


UK stocks were little changed as the UK general election got underway in earnest. There was also little corporate news to move share prices, though Unilever ended the day 0.3% higher after reporting a strong rise in quarterly sales.


  • France’s 2017 election campaign began with the specter of a populist insurgency led by the National Front’s Marine Le Pen and is drawing to a close with Communist backed Jean-Luc Melenchon upending expectations. The candidates head into the final day of campaigning before the first round vote with both Melenchon and Republican Francois Fillon hoping to snatch a place in the 7 May run-off from the front runners Le Pen and Emmanuel Macron.
  • The UK has made little headway in Germany with efforts to push Britain’s case for a beneficial Brexit deal after Chancellor Angela Merkel’s government refused to enter into informal contacts, according to officials on both sides.

Market data

UK (£)
FTSE 1007,118.540.1%-0.3%14.4%
FTSE 25019,378.75-0.2%7.2%3.7%
FTSE All Share3,914.900.0%1.1%12.5%
FTSE Small Cap5,445.09-0.1%5.9%11.0%
St. James's Place1,078.001.9%8.4%3.9%
Europe (€)
Euro Stoxx 600378.060.2%4.6%-1.2%
DAX 3012,027.320.1%4.8%7.0%
CAC 405,077.911.5%4.4%4.9%
US (US$)
S&P 5002,355.840.8%5.2%9.5%
Dow Jones Ind20,578.710.9%4.1%13.4%
Hang Seng24,078.060.1%9.4%0.4%
Nikkei 22518,632.651.1%-2.5%1.8%
Australia 2005,859.900.7%3.4%7.0%
MSCI AC Asia Pacific146.010.3%8.1%2.3%
World (US$)
MSCI World (Developed)1,846.650.6%5.4%5.3%
MSCI AC World (Dev & Em)447.350.6%6.0%5.6%
MSCI Emerging Markets958.450.6%11.2%8.6%
MSCI AC World Value200.390.6%3.1%9.5%
MSCI AC World Growth235.440.7%9.2%1.8%
Fixed Income
FTSE Gilts All Stocks3,603.060.0%2.2%8.5%
FTSE Index Linked All Stocks663.00-0.1%4.1%21.2%
ML Sterling Corporate Bonds390.150.0%2.3%10.7%
ML Global High Yield Bonds355.330.1%3.7%15.0%
Commodities (US$)
Brent Crude Oil52.990.1%-9.3%23.4%
UK Sectors
Basic Materials5,146.400.6%1.9%93.9%
Consumer Goods and Services21,794.720.2%10.7%9.6%
Health Care9,934.49-0.3%0.6%5.8%
Oil & Gas7,525.13-0.4%-12.0%54.2%
$ per £1.28-0.3%3.6%-16.3%
€ per £0.84-0.1%-1.9%-15.7%
¥ per £0.720.7%3.7%-22.7%
VIX Index (Volatility)14.15-5.2%0.8%-22.9%
Baltic Dry Index1,243.00-2.7%29.3%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/E25.96
FTSE All Share Adj P/E24.27
FTSE All Share Yld3.93%
15yr Gilt Yield1.43%
10yr Gilt Yield1.07%
10yr US Tres Yield2.23%

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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