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Investment Market Update

23 March 2018

World markets

FTSE 100 -1.2% 6952.59
FTSE 250 -1.4% 19393.89
Euro Stoxx 600 -1.5% 369.15
S&P 500 -2.5% 2643.69
Nikkei -4.5% 20617.86
Hang Seng (HK$) -3.2% 30083.94


Asian stocks fell after President Donald Trump’s decision to apply tariffs on China heightened concern a trade war could hurt global growth. The yen climbed to its strongest in more than a year.


US stocks fell in response to the threat of a potential trade war between the world's two largest economies. Major exporters such as Boeing and Caterpillar saw their shares fall.


UK stocks closed lower following Wednesday's falls as weaker company results continued to have an effect on the market.


  • European Union leaders sided with the UK and said it’s “highly likely” that Russia was behind the nerve agent poisoning in Britain of a former double agent. It’s an outcome that will please Prime Minister Theresa May.
  • The trade conflict between China and the US escalated, with Beijing announcing its first retaliation against metals levies hours after President Donald Trump outlined fresh tariffs on $50 billion of Chinese imports and pledged there’s more on the way.

Market data

UK (£)
FTSE 1006,952.59-1.2%-9.6%7.6%
FTSE 25019,393.89-1.4%-6.4%14.7%
FTSE All Share3,846.88-1.2%-8.9%9.0%
FTSE Small Cap5,618.38-0.9%-5.0%14.9%
St. James's Place1,108.50-1.4%-9.6%20.9%
Europe (€)
Euro Stoxx 600369.15-1.5%-5.1%7.7%
DAX 3012,100.08-1.7%-6.3%12.5%
CAC 405,167.21-1.4%-2.7%9.3%
US (US$)
S&P 5002,643.69-2.5%-1.1%19.4%
Dow Jones Ind23,957.89-2.9%-3.1%25.1%
Hang Seng30,083.94-3.2%0.6%38.5%
Nikkei 22520,617.86-4.5%-9.4%19.1%
Australia 2005,820.73-2.0%-4.0%7.0%
MSCI AC Asia Pacific176.630.1%1.6%28.7%
World (US$)
MSCI World (Developed)2,072.94-1.7%-1.5%20.1%
MSCI AC World (Dev & Em)508.48-1.6%-0.9%21.6%
MSCI Emerging Markets1,196.73-1.1%3.3%34.2%
MSCI AC World Value217.12-1.5%-3.1%15.2%
MSCI AC World Growth280.31-1.8%1.3%28.3%
Fixed Income
FTSE Gilts All Stocks3,588.201.0%0.0%3.0%
FTSE Index Linked All Stocks644.691.6%-0.5%2.3%
ML Sterling Corporate Bonds394.470.6%-1.6%5.7%
ML Global High Yield Bonds376.700.0%-0.2%9.7%
Commodities (US$)
Brent Crude Oil68.91-0.8%4.3%14.5%
UK Sectors
Basic Materials5,923.94-2.9%-6.2%25.0%
Consumer Goods and Services18,830.970.3%-15.8%13.6%
Health Care8,821.14-1.2%-7.3%-3.7%
Oil & Gas8,075.25-1.0%-10.9%6.0%
$ per £1.41-0.2%4.2%9.5%
€ per £1.150.0%1.8%-4.0%
¥ per £149.450.2%-1.8%5.3%
VIX Index (Volatility)23.3430.7%111.4%-21.4%
Baltic Dry Index1,117.00-0.4%-18.2%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.64%
Consumer Price Index2.70%
Retail Price Index3.60%
Yields / Ratios
FTSE 100 Adj P/E12.40
FTSE All Share Adj P/E12.63
FTSE All Share Yld4.22%
15yr Gilt Yield1.65%
10yr Gilt Yield1.44%
10yr US Tres Yield2.82%

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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