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Investment Market Update

24 August 2017

World markets

FTSE 100 0.0% 7382.65
FTSE 250 0.0% 19743.22
Euro Stoxx 600 -0.5% 373.92
S&P 500 -0.3% 2444.04
Nikkei -0.4% 19353.33
Hang Seng (HK$) 0.6% 27553.69


Asian stocks rose ahead of the Jackson Hole central-bank summit as investors shrugged off a decline in US equities overnight on concerns surrounding the Trump administration.


US markets closed lower on Wednesday, sliding back after President Donald Trump gave a fiery speech suggesting more political drama lies ahead. At a rally in Arizona on Tuesday, Mr Trump said he would be willing to shut down the government if Congress resists funding a border wall.


UK stocks closed flat as troubled doorstep lender Provident Financial went from being Tuesday's biggest stock market loser to Wednesday's biggest winner.


  • European Central Bank President Mario Draghi has said unconventional policies like quantitative easing (QE) have been a success both sides of the Atlantic. QE was introduced as an emergency measure during the financial crisis to pump money directly into the financial system and keep banks lending. A decade later, the stimulus policies are still in place, but he said they have "made the world more resilient".
  • The UK food industry has warned that a Brexit workforce shortage could leave a third of its businesses unviable. The Food and Drink Federation said: "Our sector faces a rapidly approaching workforce shortage and skills gap." In its survey of the "farm-to-fork" supply chain, almost half of all businesses surveyed said EU nationals working in the UK were considering leaving.

Market data

UK (£)
FTSE 1007,382.650.0%3.4%14.4%
FTSE 25019,743.220.0%9.2%3.7%
FTSE All Share4,048.990.0%4.5%12.5%
FTSE Small Cap5,679.360.0%10.4%11.0%
St. James's Place1,178.00-0.1%18.5%3.9%
Europe (€)
Euro Stoxx 600373.92-0.5%3.5%-1.2%
DAX 3012,174.30-0.5%6.0%7.0%
CAC 405,115.39-0.3%5.2%4.9%
US (US$)
S&P 5002,444.04-0.3%9.2%9.5%
Dow Jones Ind21,812.09-0.4%10.4%13.4%
Hang Seng27,553.690.6%25.2%0.4%
Nikkei 22519,353.33-0.4%1.3%1.8%
Australia 2005,745.500.1%1.4%7.0%
MSCI AC Asia Pacific160.060.3%18.5%2.3%
World (US$)
MSCI World (Developed)1,942.15-0.2%10.9%5.3%
MSCI AC World (Dev & Em)473.99-0.1%12.4%5.6%
MSCI Emerging Markets1,075.600.3%24.7%8.6%
MSCI AC World Value208.720.0%7.4%9.5%
MSCI AC World Growth253.68-0.2%17.6%1.8%
Fixed Income
FTSE Gilts All Stocks3,605.080.3%2.3%8.5%
FTSE Index Linked All Stocks647.241.0%1.6%21.2%
ML Sterling Corporate Bonds399.520.2%4.8%10.7%
ML Global High Yield Bonds369.270.1%7.8%15.0%
Commodities (US$)
Brent Crude Oil52.571.3%-10.6%23.4%
UK Sectors
Basic Materials5,850.541.3%15.8%93.9%
Consumer Goods and Services22,062.10-0.3%12.1%9.6%
Health Care9,580.730.9%-3.0%5.8%
Oil & Gas7,784.370.7%-8.9%54.2%
$ per £1.280.4%4.1%-16.3%
€ per £1.090.7%-7.0%-15.7%
¥ per £140.560.7%-2.7%-22.7%
VIX Index (Volatility)12.257.9%-12.7%-22.9%
Baltic Dry Index1,222.00-2.2%27.2%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.28%
Consumer Price Index2.60%
Retail Price Index3.60%
Yields / Ratios
FTSE 100 Adj P/E22.20
FTSE All Share Adj P/E21.31
FTSE All Share Yld3.83%
15yr Gilt Yield1.43%
10yr Gilt Yield1.06%
10yr US Tres Yield2.17%

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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