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Investment Market Update

22 January 2018

World markets

FTSE 100 0.4% 7730.79
FTSE 250 -0.1% 20653.32
Euro Stoxx 600 0.5% 400.88
S&P 500 0.4% 2810.30
Nikkei 0.0% 23816.33
Hang Seng (HK$) 0.4% 32379.96


Asian stocks were mixed as investors attempt to assess the impact of the US federal government shutdown.


US stocks rallied to new records for the third consecutive week, despite worries of a government shutdown. Technology shares led the way once again.


UK large-cap stocks closed higher while mid-cap stocks struggled, led downward by funeral provider Dignity after a profit warning. Easyjet led the winners on expectation of good results this week.


  • French President Emmanuel Macron offered UK Prime Minister Theresa May the possibility of a Brexit deal that covered financial services, even as he set out options that make clear how difficult it will be for her to satisfy both business and her Conservative party.
  • US lawmakers failed to negotiate an end to the government shutdown Sunday despite a bipartisan effort to a broker a deal, raising the political stakes as federal agencies begin closing at the start of their normal work-week.

Market data

UK (£)
FTSE 1007,730.790.4%0.6%7.6%
FTSE 25020,653.32-0.1%-0.4%14.7%
FTSE All Share4,240.500.3%0.4%9.0%
FTSE Small Cap5,996.020.0%1.4%14.9%
St. James's Place1,270.501.1%3.6%20.9%
Europe (€)
Euro Stoxx 600400.880.5%3.0%7.7%
DAX 3013,434.451.2%4.0%12.5%
CAC 405,526.510.6%4.0%9.3%
US (US$)
S&P 5002,810.300.4%5.1%19.4%
Dow Jones Ind26,071.720.2%5.5%25.1%
Hang Seng32,379.960.4%8.2%38.5%
Nikkei 22523,816.330.0%4.6%19.1%
Australia 2005,991.91-0.2%-1.2%7.0%
MSCI AC Asia Pacific183.600.7%5.6%28.7%
World (US$)
MSCI World (Developed)2,207.400.5%4.9%20.1%
MSCI AC World (Dev & Em)539.270.5%5.1%21.6%
MSCI Emerging Markets1,232.600.4%6.4%34.2%
MSCI AC World Value234.130.4%4.5%15.2%
MSCI AC World Growth292.590.6%5.7%28.3%
Fixed Income
FTSE Gilts All Stocks3,552.020.0%-1.0%3.0%
FTSE Index Linked All Stocks640.100.0%-1.2%2.3%
ML Sterling Corporate Bonds400.560.0%-0.1%5.7%
ML Global High Yield Bonds381.09-0.1%1.0%9.7%
Commodities (US$)
Brent Crude Oil68.61-1.0%2.6%14.5%
UK Sectors
Basic Materials6,566.280.4%3.9%25.0%
Consumer Goods and Services22,134.281.2%-1.0%13.6%
Health Care9,310.410.7%-2.1%-3.7%
Oil & Gas9,102.18-0.6%0.5%6.0%
$ per £1.390.1%2.7%9.5%
€ per £1.130.1%0.8%-4.0%
¥ per £153.980.3%1.2%5.3%
VIX Index (Volatility)11.27-7.8%2.1%-21.4%
Baltic Dry Index1,125.00-1.2%-17.6%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.52%
Consumer Price Index3.00%
Retail Price Index4.10%
Yields / Ratios
FTSE 100 Adj P/E20.93
FTSE All Share Adj P/E20.29
FTSE All Share Yld3.79%
15yr Gilt Yield1.62%
10yr Gilt Yield1.34%
10yr US Tres Yield2.66%

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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