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Investment Market Update

25 September 2017

World markets

FTSE 100 0.6% 7310.64
FTSE 250 0.5% 19517.36
Euro Stoxx 600 0.1% 383.22
S&P 500 0.1% 2502.22
Nikkei 0.5% 20398.67
Hang Seng (HK$) -1.0% 27588.00


Most Asian stock were up as Japanese stock rose to their highest since August 2015. Japanese Prime Minister Shinzo Abe declared an $18 billion economic package.


US markets held steady on Friday, as gains in telecommunication and energy companies offset losses in other sectors. The limited movement kept two of three major indexes ahead for the week, while the tech-heavy Nasdaq fell.


UK shares reversed early losses to finish higher as the pound lost ground against other currencies. Theresa May said there should be a two-year transition period after Brexit, during which trade should continue on current terms, however, analysts said the pound dipped after she had failed to give concrete details on how the UK would retain access to the EU's single market.


  • German Chancellor Angela Merkel has been re-elected for a fourth term while nationalists have made a historic surge in federal elections. Her conservative CDU/CSU bloc has seen its worst result in almost 70 years but will remain the largest in parliament.
  • President Donald Trump opened himself to what could be a new wave of legal challenges with a revised travel ban that adds three countries to the list of nations facing restrictions on entering the US.

Market data

UK (£)
FTSE 1007,310.640.6%2.3%14.4%
FTSE 25019,517.360.5%8.0%3.7%
FTSE All Share4,008.860.6%3.5%12.5%
FTSE Small Cap5,643.930.0%9.7%11.0%
St. James's Place1,120.00-0.3%14.2%3.9%
Europe (€)
Euro Stoxx 600383.220.1%6.0%-1.2%
DAX 3012,592.35-0.1%9.7%7.0%
CAC 405,281.290.3%8.6%4.9%
US (US$)
S&P 5002,502.220.1%11.8%9.5%
Dow Jones Ind22,349.590.0%13.1%13.4%
Hang Seng27,588.00-1.0%25.4%0.4%
Nikkei 22520,398.670.5%6.7%1.8%
Australia 2005,683.700.0%0.3%7.0%
MSCI AC Asia Pacific163.00-0.2%20.7%2.3%
World (US$)
MSCI World (Developed)1,994.580.2%13.9%5.3%
MSCI AC World (Dev & Em)486.660.1%15.4%5.6%
MSCI Emerging Markets1,102.25-0.5%27.8%8.6%
MSCI AC World Value214.670.2%10.4%9.5%
MSCI AC World Growth260.030.1%20.6%1.8%
Fixed Income
FTSE Gilts All Stocks3,512.130.0%-0.4%8.5%
FTSE Index Linked All Stocks629.140.3%-1.2%21.2%
ML Sterling Corporate Bonds392.050.0%2.8%10.7%
ML Global High Yield Bonds374.660.1%9.4%15.0%
Commodities (US$)
Brent Crude Oil56.860.8%-3.2%23.4%
UK Sectors
Basic Materials5,729.540.6%13.4%93.9%
Consumer Goods and Services21,285.830.8%8.1%9.6%
Health Care9,672.121.2%-2.1%5.8%
Oil & Gas8,060.671.0%-5.7%54.2%
$ per £1.360.5%10.0%-16.3%
€ per £1.140.7%-3.0%-15.7%
¥ per £152.610.9%5.6%-22.7%
VIX Index (Volatility)9.59-0.8%-31.7%-22.9%
Baltic Dry Index1,502.002.2%56.3%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.33%
Consumer Price Index2.90%
Retail Price Index3.90%
Yields / Ratios
FTSE 100 Adj P/E21.95
FTSE All Share Adj P/E21.15
FTSE All Share Yld3.81%
15yr Gilt Yield1.67%
10yr Gilt Yield1.36%
10yr US Tres Yield2.25%

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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