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Investment Market Update

25 July 2017

World markets

FTSE 100 -1.0% 7377.73
FTSE 250 -0.7% 19616.25
Euro Stoxx 600 -0.2% 379.23
S&P 500 -0.1% 2469.91
Nikkei 0.0% 19973.22
Hang Seng (HK$) 0.0% 26850.26


Asian equities were mixed ahead of the US Federal Reserve’s policy decision and as investors sifted through earnings from companies including Alphabet Inc.


US stocks marginally fell, though the NASDAQ hit a record high ahead of second quarter results from a host of technology giants. 


UK stocks fell around 1%, led by airlines after comments from Ryanair raised fears of a price war. Reckitt Benckiser fell more than 3% after saying the recent cyber attack would reduce revenues by around 2%.


  • Greece will return to the bond market after a three-year hiatus, banking on investor interest in its recovery story. The country will be looking to sell five-year bonds.
  • Alphabet Inc. shares fell after second-quarter results resurfaced a worrying trend: The company’s costs are rising as it spends more to expand Google’s newer, fastest-growing advertising businesses.

Market data

UK (£)
FTSE 1007,377.73-1.00%3.30%14.43%
FTSE 25019,616.25-0.70%8.50%3.71%
FTSE All Share4,042.69-0.90%4.40%12.45%
FTSE Small Cap5,685.470.30%10.50%10.97%
St. James's Place1,184.00-2.90%19.10%3.85%
Europe (€)
Euro Stoxx 600379.23-0.20%4.90%-1.20%
DAX 3012,208.95-0.30%6.30%7.02%
CAC 405,127.700.20%5.50%4.86%
US (US$)
S&P 5002,469.91-0.10%10.30%9.54%
Dow Jones Ind21,513.17-0.30%8.90%13.42%
Hang Seng26,850.260.00%22.00%0.39%
Nikkei 22519,973.220.00%4.50%1.84%
Australia 2005,735.800.80%1.20%6.98%
MSCI AC Asia Pacific159.4760.00%18.10%2.34%
World (US$)
MSCI World (Developed)1,954.84-0.20%11.60%5.32%
MSCI AC World (Dev & Em)476.133-0.10%12.90%5.63%
MSCI Emerging Markets1,064.270.40%23.40%8.58%
MSCI AC World Value210.033-0.20%8.10%9.50%
MSCI AC World Growth254.4-0.10%18.00%1.81%
Fixed Income
FTSE Gilts All Stocks3,559.37-0.10%1.00%8.51%
FTSE Index Linked All Stocks634.70.70%-0.30%21.23%
ML Sterling Corporate Bonds395.2110.00%3.70%10.75%
ML Global High Yield Bonds368.570.00%7.60%15.01%
Commodities (US$)
Brent Crude Oil48.61.10%-17.40%23.39%
UK Sectors
Basic Materials5,342.41-0.70%5.80%93.91%
Consumer Goods and Services22,368.95-1.50%13.60%9.56%
Health Care10,228.81-1.00%3.60%5.83%
Oil & Gas7,533.89-1.20%-11.90%54.21%
$ per £1.2997-0.20%5.30%-16.25%
€ per £1.1142-0.50%-5.00%-15.73%
¥ per £144.44299-0.30%0.00%-22.69%
VIX Index (Volatility)9.430.70%-32.80%-22.90%
Baltic Dry Index9770.00%1.70%101.05%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.29%
Consumer Price Index2.60%
Retail Price Index3.50%
Yields / Ratios
FTSE 100 Adj P/E24.50162
FTSE All Share Adj P/E23.20153
FTSE All Share Yld3.80%
15yr Gilt Yield1.56%
10yr Gilt Yield1.19%
10yr US Tres Yield2.26%

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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