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Investment Market Update

22 June 2017

World markets

FTSE 100 -0.3% 7447.79
FTSE 250 -0.5% 19682.61
Euro Stoxx 600 -0.2% 388.50
S&P 500 -0.1% 2435.61
Nikkei 0.0% 20134.92
Hang Seng (HK$) 0.5% 25824.25


Asian stocks climbeb as equities in Australia rebounded and China extended gains after MSCI Inc.’s decision to include mainland shares in its indexes.


US stocks closed mixed, as gains in health care and technology stocks were offset by declines in the energy and financial sectors.


UK stocks lost ground for the second consecutive day, as financial services, insurance and banking stocks were hit hard, dragged down by heavy losses from UK sub-prime lender Provident Financial.


  • A government plan to secure growth in the UK's £13.7bn space industry was laid out in the Queen's Speech. The stated purpose of the new Bill is to make the UK the most attractive place in Europe for commercial space, including launches from British soil. The government intends to increase the UK share of the global space economy from 6.5% today to 10% by 2030.
  • Bank of England chief economist Andy Haldane says he may vote for a rate rise in the second half of the year. He said leaving a rate hike until too late risks steeper rate rises in the future. Sterling briefly pushed above $1.27 after his comment, having dipped below $1.26 prior to Wednesday's Queen's Speech.

Market data

UK (£)
FTSE 1007,447.79-0.3%4.3%14.4%
FTSE 25019,682.61-0.5%8.9%3.7%
FTSE All Share4,073.24-0.4%5.2%12.5%
FTSE Small Cap5,601.51-0.5%8.9%11.0%
St. James's Place1,205.00-1.8%21.2%3.9%
Europe (€)
Euro Stoxx 600388.50-0.2%7.5%-1.2%
DAX 3012,774.26-0.3%11.3%7.0%
CAC 405,274.26-0.4%8.5%4.9%
US (US$)
S&P 5002,435.61-0.1%8.8%9.5%
Dow Jones Ind21,410.03-0.3%8.3%13.4%
Hang Seng25,824.250.5%17.4%0.4%
Nikkei 22520,134.920.0%5.3%1.8%
Australia 2005,706.000.7%0.7%7.0%
MSCI AC Asia Pacific154.43-0.5%14.4%2.3%
World (US$)
MSCI World (Developed)1,920.00-0.1%9.6%5.3%
MSCI AC World (Dev & Em)465.63-0.1%10.4%5.6%
MSCI Emerging Markets1,006.47-0.2%16.7%8.6%
MSCI AC World Value205.58-0.4%5.8%9.5%
MSCI AC World Growth248.580.1%15.3%1.8%
Fixed Income
FTSE Gilts All Stocks3,609.250.0%2.4%8.5%
FTSE Index Linked All Stocks653.080.7%2.6%21.2%
ML Sterling Corporate Bonds398.07-0.1%4.4%10.7%
ML Global High Yield Bonds361.80-0.2%5.6%15.0%
Commodities (US$)
Brent Crude Oil44.82-2.6%-23.8%23.4%
UK Sectors
Basic Materials4,953.370.7%-1.9%93.9%
Consumer Goods and Services22,863.49-0.5%16.2%9.6%
Health Care10,838.530.0%9.7%5.8%
Oil & Gas7,673.93-1.1%-10.2%54.2%
$ per £1.26-0.3%2.3%-16.3%
€ per £1.13-0.1%-3.3%-15.7%
¥ per £140.72-0.2%-2.6%-22.7%
VIX Index (Volatility)10.75-1.0%-23.4%-22.9%
Baltic Dry Index844.00-0.4%-12.2%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.29%
Consumer Price Index2.90%
Retail Price Index3.70%
Yields / Ratios
FTSE 100 Adj P/E24.98
FTSE All Share Adj P/E23.53
FTSE All Share Yld3.82%
15yr Gilt Yield1.41%
10yr Gilt Yield1.03%
10yr US Tres Yield2.16%

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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