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Investment Market Update

23 July 2018

World markets

FTSE 100 -0.1% 7678.79
FTSE 250 0.1% 20925.68
Euro Stoxx 600 -0.1% 385.62
S&P 500 -0.1% 2801.83
Nikkei -1.3% 22393.78
Hang Seng (HK$) 0.1% 28246.80


Asian stocks fell on Monday led by Japanese stocks after the US dollar broadly dropped against major currencies on President Donald Trump's criticism of the Federal Reserve.


The US dollar has declined against major currencies to its lowest in more than two weeks after US President Donald Trump criticised the Federal Reserve's tightening policy, while stocks slipped on fears of further trade protectionist measures.


UK stocks were slightly lower slightly as global trade uncertainty spurred demand for defensive stocks and earnings filtered through.


  • The number of profit warnings by FTSE-listed retailers has doubled over the past year, as the sector has been hit by rising costs and subdued spending. According to EY, there were 20 profit warnings in the first half of 2018, double those issued a year earlier.
  • ​More than 100,000 Ryanair passengers could be in line for compensation after their flights were cancelled because of strikes. The Civil Aviation Authority (CAA) has urged Ryanair customers to claim under European flight rules. Earlier this month the airline cancelled 30 flights between Ireland and the UK, due to a 24-hour strike.

Market data

UK (£)
FTSE 1007,678.79-0.1%-0.1%7.6%
FTSE 25020,925.680.1%1.0%14.7%
FTSE All Share4,224.500.0%0.1%9.0%
FTSE Small Cap5,903.130.0%-0.1%14.9%
St. James's Place1,211.500.2%-1.2%20.9%
Europe (€)
Euro Stoxx 600385.62-0.1%-0.9%7.7%
DAX 3012,561.42-1.0%-2.8%12.5%
CAC 405,398.32-0.3%1.6%9.3%
US (US$)
S&P 5002,801.83-0.1%4.8%19.4%
Dow Jones Ind25,058.120.0%1.4%25.1%
Hang Seng28,246.800.1%-5.6%38.5%
Nikkei 22522,393.78-1.3%-1.6%19.1%
Australia 2006,231.10-0.9%2.7%7.0%
MSCI AC Asia Pacific165.900.8%-4.5%28.7%
World (US$)
MSCI World (Developed)2,139.170.2%1.7%20.1%
MSCI AC World (Dev & Em)515.890.3%0.6%21.6%
MSCI Emerging Markets1,070.070.9%-7.6%34.2%
MSCI AC World Value214.700.2%-4.2%15.2%
MSCI AC World Growth291.330.3%5.3%28.3%
Fixed Income
FTSE Gilts All Stocks3,623.00-0.3%0.9%3.0%
FTSE Index Linked All Stocks647.57-0.3%0.0%2.3%
ML Sterling Corporate Bonds396.18-0.3%-1.2%5.7%
ML Global High Yield Bonds374.800.2%-0.7%9.7%
Commodities (US$)
Brent Crude Oil73.070.7%12.8%14.5%
UK Sectors
Basic Materials6,130.07-0.7%-3.0%25.0%
Consumer Goods and Services20,855.261.1%-6.7%13.6%
Health Care10,558.57-0.4%11.0%-3.7%
Oil & Gas9,780.99-0.4%8.0%6.0%
$ per £1.30-1.1%-3.9%9.5%
€ per £1.12-0.1%-0.6%-4.0%
¥ per £146.600.2%-3.7%5.3%
VIX Index (Volatility)12.86-0.1%16.5%-21.4%
Baltic Dry Index1,689.001.9%23.6%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.76%
Consumer Price Index2.40%
Retail Price Index3.40%
Yields / Ratios
FTSE 100 Adj P/E13.10
FTSE All Share Adj P/E13.05
FTSE All Share Yld3.96%
15yr Gilt Yield1.51%
10yr Gilt Yield1.23%
10yr US Tres Yield2.89%

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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