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Investment Market Update

24 May 2017

World markets

FTSE 100 -0.1% 7485.29
FTSE 250 0.0% 19920.12
Euro Stoxx 600 0.2% 392.02
S&P 500 0.2% 2398.42
Nikkei 0.6% 19726.15
Hang Seng (HK$) -0.1% 25377.68


Asian stocks around the region were buoyed by gains for Wall Street while China’s stocks took an early hit and its currency sank after Moody’s downgraded its credit rating for the world’s second-largest economy.


US stocks edged higher on Tuesday, after the release of a new US budget proposal. Stocks in most sectors traded up, with the exception of consumer staples and discretionary goods firms. Stocks of homebuilders such as Lennar Corp and the Pulte Group fell more than 1.5% after the US Commerce Department reported that new home sales in the US were decreasing.


UK stocks dipped at the finish on Tuesday after spending the day in positive territory. Retailers Kingfisher and Marks and Spencer, which are both due to issue statements today, were among those worst hit.


  • The UK terror threat level has been raised to its highest level of "critical". Military personnel will now be deployed to protect key sites under the new threat level.
  • There were further signs of a slowdown in the property market in April, as the number of sales fell significantly, while fewer people took out mortgages.

Market data

UK (£)
FTSE 1007,485.29-0.1%4.8%14.4%
FTSE 25019,920.120.0%10.2%3.7%
FTSE All Share4,098.45-0.1%5.8%12.5%
FTSE Small Cap5,628.170.1%9.4%11.0%
St. James's Place1,177.001.0%18.4%3.9%
Europe (€)
Euro Stoxx 600392.020.2%8.5%-1.2%
DAX 3012,659.150.3%10.3%7.0%
CAC 405,348.160.5%10.0%4.9%
US (US$)
S&P 5002,398.420.2%7.1%9.5%
Dow Jones Ind20,937.910.2%5.9%13.4%
Hang Seng25,377.68-0.1%15.4%0.4%
Nikkei 22519,726.150.6%3.2%1.8%
Australia 2005,760.600.0%1.7%7.0%
MSCI AC Asia Pacific151.87-0.3%12.5%2.3%
World (US$)
MSCI World (Developed)1,906.690.1%8.9%5.3%
MSCI AC World (Dev & Em)462.660.1%9.7%5.6%
MSCI Emerging Markets1,004.470.1%16.5%8.6%
MSCI AC World Value205.170.2%5.6%9.5%
MSCI AC World Growth245.940.0%14.1%1.8%
Fixed Income
FTSE Gilts All Stocks3,600.050.2%2.1%8.5%
FTSE Index Linked All Stocks662.840.6%4.1%21.2%
ML Sterling Corporate Bonds394.770.1%3.6%10.7%
ML Global High Yield Bonds362.010.0%5.7%15.0%
Commodities (US$)
Brent Crude Oil54.150.5%-7.8%23.4%
UK Sectors
Basic Materials5,189.73-0.8%2.7%93.9%
Consumer Goods and Services22,629.55-0.2%15.0%9.6%
Health Care10,631.05-0.6%7.6%5.8%
Oil & Gas7,941.540.1%-7.1%54.2%
$ per £1.300.3%5.5%-16.3%
€ per £1.16-0.1%-1.3%-15.7%
¥ per £144.62-0.2%0.1%-22.7%
VIX Index (Volatility)10.72-1.9%-23.6%-22.9%
Baltic Dry Index949.00-0.5%-1.2%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.30%
Consumer Price Index2.70%
Retail Price Index3.50%
Yields / Ratios
FTSE 100 Adj P/E25.20
FTSE All Share Adj P/E23.77
FTSE All Share Yld3.79%
15yr Gilt Yield1.46%
10yr Gilt Yield1.08%
10yr US Tres Yield2.28%

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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