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Investment Market Update

24 July 2018

World markets

FTSE 100 -0.3% 7655.79
FTSE 250 -0.7% 20770.38
Euro Stoxx 600 -0.2% 384.88
S&P 500 0.2% 2806.98
Nikkei 0.5% 22500.18
Hang Seng (HK$) 1.4% 28649.87


Asian stocks climbed Tuesday as rising yields boosted financial shares. Equities gained across the region, with the steepest advances among Chinese shares as the nation’s assets came into focus after the government unveiled a package of measures to boost domestic demand amid simmering trade tensions.


US stocks were up on Monday as result of an increase in bank shares in an otherwise lackluster session as investors digested warnings from the world’s financial leaders about the impact of protectionism on growth. 


UK stocks closed in the red on Monday as geopolitical worries continue to weigh. The top riser was online grocer Ocado Group which added 5.45% as it looks to sell it's minority stake in its Chinese unit to two of the country’s biggest conglomerates, Alibaba and Tencent. 


  • Millions of "just about managing" families are no better off today than those in 2003, new research from the Resolution Foundation indicates. In 2003, households on the lower half of incomes typically earnt £14,900. In 2016/17 that figure had fallen to £14,800, the research shows.
  • ​Shares in Alphabet, Google's parent company, jumped as much as 5% in after-hours trading after the firm reported stronger ad sales than expected. Alphabet earned $32.7bn in revenue in the three months to the end of June, up 26% from the same period last year. But the record €4.34bn EU fine over over Google's Android mobile operating system knocked $5bn off its profits.

Market data

UK (£)
FTSE 1007,655.79-0.3%-0.4%7.6%
FTSE 25020,770.38-0.7%0.2%14.7%
FTSE All Share4,208.75-0.4%-0.3%9.0%
FTSE Small Cap5,881.68-0.4%-0.5%14.9%
St. James's Place1,198.00-1.1%-2.3%20.9%
Europe (€)
Euro Stoxx 600384.88-0.2%-1.1%7.7%
DAX 3012,548.57-0.1%-2.9%12.5%
CAC 405,378.25-0.4%1.2%9.3%
US (US$)
S&P 5002,806.980.2%5.0%19.4%
Dow Jones Ind25,044.29-0.1%1.3%25.1%
Hang Seng28,649.871.4%-4.2%38.5%
Nikkei 22522,500.180.5%-1.2%19.1%
Australia 2006,265.600.6%3.3%7.0%
MSCI AC Asia Pacific165.70-0.1%-4.7%28.7%
World (US$)
MSCI World (Developed)2,139.440.0%1.7%20.1%
MSCI AC World (Dev & Em)515.920.0%0.6%21.6%
MSCI Emerging Markets1,069.52-0.1%-7.7%34.2%
MSCI AC World Value215.150.2%-4.0%15.2%
MSCI AC World Growth290.78-0.2%5.1%28.3%
Fixed Income
FTSE Gilts All Stocks3,614.42-0.2%0.7%3.0%
FTSE Index Linked All Stocks645.31-0.3%-0.4%2.3%
ML Sterling Corporate Bonds395.44-0.2%-1.3%5.7%
ML Global High Yield Bonds375.030.1%-0.6%9.7%
Commodities (US$)
Brent Crude Oil73.060.0%12.8%14.5%
UK Sectors
Basic Materials6,098.01-0.5%-3.5%25.0%
Consumer Goods and Services20,582.35-1.3%-8.0%13.6%
Health Care10,556.030.0%10.9%-3.7%
Oil & Gas9,780.490.0%8.0%6.0%
$ per £1.310.2%-2.8%9.5%
€ per £1.120.0%-0.5%-4.0%
¥ per £146.370.2%-3.8%5.3%
VIX Index (Volatility)12.62-1.9%14.3%-21.4%
Baltic Dry Index1,718.001.7%25.8%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/E13.06
FTSE All Share Adj P/E13.00
FTSE All Share Yld3.98%
15yr Gilt Yield1.54%
10yr Gilt Yield1.27%
10yr US Tres Yield2.95%

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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