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Investment Market Update

24 January 2018

World markets

FTSE 100 0.2% 7731.83
FTSE 250 0.1% 20671.20
Euro Stoxx 600 0.2% 402.81
S&P 500 0.2% 2839.13
Nikkei -0.8% 23940.78
Hang Seng (HK$) 0.1% 32963.71


Asian stocks were mixed, after three consecutive days of record-high closes, as a technology selloff weighed on equity gauges in Japan and Taiwan.


US stocks rose, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but declines in Johnson & Johnson and Procter & Gamble kept the Dow Industrials in check.


UK stocks closed higher, following a rise in oil prices and strong revenue growth by Easyjet.


  • Donald Trump's choice for the next head of the US central bank - the world's most powerful economics job - has been approved by US senators. Jerome Powell was backed in a 84-13 vote as chair of the Federal Reserve with support from Republicans and many Democrats.
  • Car insurance premiums have once again risen to a new high, according to the Association of British Insurers. Between October and December 2017 average premiums rose to £481, a rise of 9% on the previous year.

Market data

UK (£)
FTSE 1007,731.830.2%0.6%7.6%
FTSE 25020,671.200.1%-0.3%14.7%
FTSE All Share4,241.580.2%0.5%9.0%
FTSE Small Cap5,997.070.2%1.4%14.9%
St. James's Place1,244.50-0.6%1.5%20.9%
Europe (€)
Euro Stoxx 600402.810.2%3.5%7.7%
DAX 3013,559.600.7%5.0%12.5%
CAC 405,535.26-0.1%4.2%9.3%
US (US$)
S&P 5002,839.130.2%6.2%19.4%
Dow Jones Ind26,210.810.0%6.0%25.1%
Hang Seng32,963.710.1%10.2%38.5%
Nikkei 22523,940.78-0.8%5.2%19.1%
Australia 2006,054.660.3%-0.2%7.0%
MSCI AC Asia Pacific186.321.3%7.2%28.7%
World (US$)
MSCI World (Developed)2,230.050.4%6.0%20.1%
MSCI AC World (Dev & Em)545.170.5%6.3%21.6%
MSCI Emerging Markets1,252.391.1%8.1%34.2%
MSCI AC World Value236.350.3%5.5%15.2%
MSCI AC World Growth296.210.7%7.0%28.3%
Fixed Income
FTSE Gilts All Stocks3,547.930.0%-1.1%3.0%
FTSE Index Linked All Stocks638.15-0.1%-1.5%2.3%
ML Sterling Corporate Bonds400.760.1%0.0%5.7%
ML Global High Yield Bonds382.320.2%1.3%9.7%
Commodities (US$)
Brent Crude Oil69.961.3%4.6%14.5%
UK Sectors
Basic Materials6,407.57-1.8%1.4%25.0%
Consumer Goods and Services22,146.020.8%-1.0%13.6%
Health Care9,417.020.8%-1.0%-3.7%
Oil & Gas9,185.530.3%1.4%6.0%
$ per £1.40-0.2%3.3%9.5%
€ per £1.140.1%1.2%-4.0%
¥ per £155.110.5%1.9%5.3%
VIX Index (Volatility)11.100.6%0.5%-21.4%
Baltic Dry Index1,157.002.5%-15.3%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/E20.93
FTSE All Share Adj P/E20.28
FTSE All Share Yld3.78%
15yr Gilt Yield1.63%
10yr Gilt Yield1.35%
10yr US Tres Yield2.61%

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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