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Investment Market Update

26 June 2017

World markets

FTSE 100 -0.2% 7424.13
FTSE 250 0.1% 19685.09
Euro Stoxx 600 -0.2% 387.62
S&P 500 0.2% 2438.30
Nikkei 0.2% 20164.77
Hang Seng (HK$) 0.5% 25790.36


Asian stocks advanced as technology shares continued a recovery and oil climbed for a third straight session. Trading was slow with many markets in the region closed for holidays to celebrate the end of Ramadan.


US stocks were higher on Friday, as gains in energy and tech stocks outweighed declines in firms focused on consumer goods. Microsoft shares climbed 1.4%, while Apple gained 0.5%.


UK stocks were down on Friday, as concerns on both political and economic fronts saw UK shares fall for a third week in a row. BAE Systems fell 1.8% after JP Morgan cut its rating on the company to "neutral".


  • Holland & Barrett, the UK's biggest health food retailer, is being bought by  L1 Retail, a fund controlled by Mikhail Fridman, for £1.8bn. L1 retail is buying the 1,150-store chain from Carlyle, a US private equity firm. The purchase is the first by L1 Retail, which was set up in late 2016. It aims to invest $3bn in a small number of retail businesses that it believes can be market leaders by "moving with and leading long-term trends".
  • Business confidence has jumped to an 18-month high, but companies are having trouble recruiting skilled workers. The Lloyds Bank Business in Britain report's confidence index rose to 24% - double the level immediately following the EU referendum last year. The index is a measure of expected sales, orders and profits.

Market data

UK (£)
FTSE 1007,424.13-0.2%3.9%14.4%
FTSE 25019,685.090.1%8.9%3.7%
FTSE All Share4,063.60-0.1%4.9%12.5%
FTSE Small Cap5,622.820.1%9.3%11.0%
St. James's Place1,195.000.0%20.2%3.9%
Europe (€)
Euro Stoxx 600387.62-0.2%7.2%-1.2%
DAX 3012,733.41-0.5%10.9%7.0%
CAC 405,266.12-0.3%8.3%4.9%
US (US$)
S&P 5002,438.300.2%8.9%9.5%
Dow Jones Ind21,394.760.0%8.3%13.4%
Hang Seng25,790.360.5%17.2%0.4%
Nikkei 22520,164.770.2%5.5%1.8%
Australia 2005,718.700.0%0.9%7.0%
MSCI AC Asia Pacific155.120.2%14.9%2.3%
World (US$)
MSCI World (Developed)1,925.020.2%9.9%5.3%
MSCI AC World (Dev & Em)466.980.2%10.7%5.6%
MSCI Emerging Markets1,011.670.3%17.3%8.6%
MSCI AC World Value205.980.1%6.0%9.5%
MSCI AC World Growth249.530.3%15.7%1.8%
Fixed Income
FTSE Gilts All Stocks3,610.39-0.1%2.4%8.5%
FTSE Index Linked All Stocks651.40-0.8%2.3%21.2%
ML Sterling Corporate Bonds398.11-0.1%4.4%10.7%
ML Global High Yield Bonds362.220.1%5.8%15.0%
Commodities (US$)
Brent Crude Oil45.540.7%-22.6%23.4%
UK Sectors
Basic Materials4,963.170.0%-1.8%93.9%
Consumer Goods and Services22,658.53-0.3%15.1%9.6%
Health Care10,915.39-1.4%10.5%5.8%
Oil & Gas7,671.870.0%-10.3%54.2%
$ per £1.27-0.4%2.6%-16.3%
€ per £1.14-0.1%-3.2%-15.7%
¥ per £141.00-0.4%-2.4%-22.7%
VIX Index (Volatility)10.02-4.4%-28.6%-22.9%
Baltic Dry Index870.001.8%-9.5%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.30%
Consumer Price Index2.90%
Retail Price Index3.70%
Yields / Ratios
FTSE 100 Adj P/E24.90
FTSE All Share Adj P/E23.45
FTSE All Share Yld3.83%
15yr Gilt Yield1.40%
10yr Gilt Yield1.03%
10yr US Tres Yield2.14%

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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