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Investment Market Update

26 July 2018

World markets

FTSE 100 -0.7% 7658.26
FTSE 250 -0.5% 20753.60
Euro Stoxx 600 -0.3% 387.17
S&P 500 0.9% 2846.07
Nikkei -0.1% 22580.85
Hang Seng (HK$) -0.6% 28752.61


Asian stocks closed mixed, as initial enthusiasm following a US-European Union agreement to avert a transatlantic trade war for now faded. Treasuries edged higher and the dollar steadied.


US stocks rallied to the close late in the session Wednesday, with Wall Street equity benchmarks jumping to new heights following the announcement of a pact to ease trade tensions between the US and the European Union.


UK stocks fell on Wednesday as mining stocks lost ground, with earnings in focus as ITV and Informa issued updates.


  • The US has agreed to work towards lowering trade barriers with the European Union, Donald Trump said on Wednesday after a meeting with European Commission chief Jean-Claude Juncker. The two would work for zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto goods, he said. They also agreed to increase trade in services and agriculture, including greater US soy bean exports to the EU.
  • ​Chipmaker Qualcomm has abandoned its $44bn bid for Dutch rival NXP Semiconductors after failing to secure approval from Chinese regulators. A deadline for the transaction, which needed China's sign-off, was set for 11:59pm New York time under the agreement. The deal had already won the necessary regulatory approvals in eight of nine countries. It would have been one of the biggest deals between technology companies.

Market data

UK (£)
FTSE 1007,658.26-0.7%-0.4%7.6%
FTSE 25020,753.60-0.5%0.1%14.7%
FTSE All Share4,209.38-0.6%-0.3%9.0%
FTSE Small Cap5,884.56-0.5%-0.5%14.9%
St. James's Place1,189.00-1.7%-3.0%20.9%
Europe (€)
Euro Stoxx 600387.17-0.3%-0.5%7.7%
DAX 3012,579.33-0.9%-2.6%12.5%
CAC 405,426.41-0.1%2.1%9.3%
US (US$)
S&P 5002,846.070.9%6.5%19.4%
Dow Jones Ind25,414.100.7%2.8%25.1%
Hang Seng28,752.61-0.6%-3.9%38.5%
Nikkei 22522,580.85-0.1%-0.8%19.1%
Australia 2006,247.100.0%3.0%7.0%
MSCI AC Asia Pacific167.870.6%-3.4%28.7%
World (US$)
MSCI World (Developed)2,161.760.5%2.8%20.1%
MSCI AC World (Dev & Em)521.740.5%1.7%21.6%
MSCI Emerging Markets1,088.820.8%-6.0%34.2%
MSCI AC World Value217.420.3%-2.9%15.2%
MSCI AC World Growth294.270.7%6.3%28.3%
Fixed Income
FTSE Gilts All Stocks3,618.630.1%0.8%3.0%
FTSE Index Linked All Stocks646.240.0%-0.2%2.3%
ML Sterling Corporate Bonds395.800.1%-1.2%5.7%
ML Global High Yield Bonds375.410.0%-0.5%9.7%
Commodities (US$)
Brent Crude Oil73.930.7%14.2%14.5%
UK Sectors
Basic Materials6,292.26-1.1%-0.4%25.0%
Consumer Goods and Services20,644.740.2%-7.7%13.6%
Health Care10,497.11-0.8%10.3%-3.7%
Oil & Gas9,782.38-0.5%8.0%6.0%
$ per £1.31-0.1%-2.8%9.5%
€ per £1.12-0.1%-0.1%-4.0%
¥ per £146.200.2%-4.0%5.3%
VIX Index (Volatility)12.29-1.0%11.3%-21.4%
Baltic Dry Index1,772.00-0.1%29.7%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.78%
Consumer Price Index2.40%
Retail Price Index3.40%
Yields / Ratios
FTSE 100 Adj P/E13.01
FTSE All Share Adj P/E12.98
FTSE All Share Yld3.98%
15yr Gilt Yield1.53%
10yr Gilt Yield1.27%
10yr US Tres Yield2.97%

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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