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Investment Market Update

23 January 2018

World markets

FTSE 100 -0.2% 7715.44
FTSE 250 0.0% 20655.17
Euro Stoxx 600 0.3% 402.11
S&P 500 0.8% 2832.97
Nikkei 1.3% 24124.15
Hang Seng (HK$) 1.3% 32828.83


Asian stocks climbed to record highs amid optimism on corporate earnings, following an end to the US government shutdown. The yen rose after the Bank of Japan used more positive language on inflation expectations in today’s policy statement, though the move faded ahead of a press briefing by Governor Haruhiko Kuroda.


US stocks closed higher as congress broke their deadlock to end the three-day government shutdown and helped send Wall Street to fresh record highs.


UK stocks closed lower with the FTSE 100 down 0.2%. The biggest faller was Paddy Power Betfair, which like other gaming companies was affected by reports that the maximum stake on fixed-odds betting terminals would fall.


  • President Donald Trump slapped tariffs on imported solar panels and washing machines, angering trade partners as he took his first major protectionist move a year into his term. The US will impose new duties of as much as 30% on foreign-made solar equipment. The president also approved tariffs starting as high as 50% on imported washing machines. China and South Korea condemned the steps, with the Ministry of Commerce in Beijing calling them a “misuse” of trade measures.
  • ITV Plc topped a list of the most likely European acquisition targets for a second year running, showing that expectations of a takeover haven’t faded after a tough 2017. The UK broadcaster appeared on the mergers and acquisition watch lists of seven out of 20 event-driven traders. That put it equal at the top of the rankings with Aeroports de Paris.

Market data

UK (£)
FTSE 1007,715.44-0.2%0.4%7.6%
FTSE 25020,655.170.0%-0.3%14.7%
FTSE All Share4,233.55-0.2%0.3%9.0%
FTSE Small Cap5,985.73-0.2%1.2%14.9%
St. James's Place1,251.50-1.5%2.1%20.9%
Europe (€)
Euro Stoxx 600402.110.3%3.3%7.7%
DAX 3013,463.690.2%4.2%12.5%
CAC 405,541.990.3%4.3%9.3%
US (US$)
S&P 5002,832.970.8%6.0%19.4%
Dow Jones Ind26,214.600.5%6.0%25.1%
Hang Seng32,828.831.3%9.7%38.5%
Nikkei 22524,124.151.3%6.0%19.1%
Australia 2006,036.960.8%-0.5%7.0%
MSCI AC Asia Pacific183.910.2%5.8%28.7%
World (US$)
MSCI World (Developed)2,221.010.6%5.6%20.1%
MSCI AC World (Dev & Em)542.500.6%5.7%21.6%
MSCI Emerging Markets1,238.500.5%6.9%34.2%
MSCI AC World Value235.650.7%5.2%15.2%
MSCI AC World Growth294.200.5%6.3%28.3%
Fixed Income
FTSE Gilts All Stocks3,546.58-0.2%-1.2%3.0%
FTSE Index Linked All Stocks638.64-0.2%-1.4%2.3%
ML Sterling Corporate Bonds400.440.0%-0.1%5.7%
ML Global High Yield Bonds381.530.1%1.1%9.7%
Commodities (US$)
Brent Crude Oil69.030.6%3.2%14.5%
UK Sectors
Basic Materials6,527.63-0.6%3.3%25.0%
Consumer Goods and Services21,967.77-0.8%-1.8%13.6%
Health Care9,345.450.4%-1.8%-3.7%
Oil & Gas9,153.890.6%1.0%6.0%
$ per £1.39-0.7%2.6%9.5%
€ per £1.13-0.5%0.7%-4.0%
¥ per £153.48-1.1%0.8%5.3%
VIX Index (Volatility)11.03-2.1%-0.1%-21.4%
Baltic Dry Index1,129.000.4%-17.3%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/E20.89
FTSE All Share Adj P/E20.25
FTSE All Share Yld3.78%
15yr Gilt Yield1.64%
10yr Gilt Yield1.36%
10yr US Tres Yield2.65%

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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