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Investment Market Update

26 October 2017

World markets

FTSE 100 -1.1% 7447.21
FTSE 250 -0.2% 20073.30
Euro Stoxx 600 -0.6% 387.13
S&P 500 -0.5% 2557.15
Nikkei 0.1% 21728.29
Hang Seng (HK$) -0.4% 28196.14


Asian stocks fluctuated after their US counterparts fell the most in seven weeks and companies reporting strong earnings supported the region. Shares fell in Hong Kong after Credit Suisse warned property developers contracted sales may slow toward the end of the year.


US stocks suffered its worst trading session in weeks as lower energy prices and disappointing corporate earnings pulled stocks lower. Telecommunication, industrial and financial stocks led the losses.


UK stocks fell as drugmaker GlaxoSmithKline share price dropped, despite seeing a rise in third-quarter sales and profits. The pharmaceutical giant's advice that it remained on course for its full-year earnings guidance failed to stop shares sliding 5.9%.


  • Deutsche Bank has agreed to pay $220m (£150m) to resolve a US investigation into its manipulation of interest rates. It is the latest settlement stemming from banks' involvement in the rigging of the benchmark Libor rate.
  • BT will slash costs for up to one million of its landline-only customers after an Ofcom review. From April 2018, the telecoms company will reduce the price of its monthly line rental by £7, a 37% decrease from the current cost of £18.99.

Market data

UK (£)
FTSE 1007,447.21-1.10%4.30%14.43%
FTSE 25020,073.30-0.20%11.00%3.71%
FTSE All Share4,091.17-0.90%5.60%12.45%
FTSE Small Cap5,787.20-0.40%12.50%10.97%
St. James's Place1,165.00-2.30%18.80%3.85%
Europe (€)
Euro Stoxx 600387.13-0.60%7.10%-1.20%
DAX 3012,953.41-0.50%12.80%7.02%
CAC 405,374.89-0.40%10.50%4.86%
US (US$)
S&P 5002,557.15-0.50%14.20%9.54%
Dow Jones Ind23,329.46-0.50%18.00%13.42%
Hang Seng28,196.14-0.40%28.20%0.39%
Nikkei 22521,728.290.10%13.70%1.84%
Australia 2005,916.300.20%4.40%6.98%
MSCI AC Asia Pacific166.9370.00%23.60%2.34%
World (US$)
MSCI World (Developed)2,023.48-0.40%15.50%5.32%
MSCI AC World (Dev & Em)493.498-0.30%17.00%5.63%
MSCI Emerging Markets1,114.090.10%29.20%8.58%
MSCI AC World Value217.352-0.40%11.80%9.50%
MSCI AC World Growth264.077-0.30%22.50%1.81%
Fixed Income
FTSE Gilts All Stocks3,506.28-0.50%-0.50%8.51%
FTSE Index Linked All Stocks627.08-0.40%-1.50%21.23%
ML Sterling Corporate Bonds392.202-0.40%2.90%10.75%
ML Global High Yield Bonds376.2270.00%9.80%15.01%
Commodities (US$)
Brent Crude Oil58.440.20%-0.50%23.39%
UK Sectors
Basic Materials5,872.07-2.20%16.20%93.91%
Consumer Goods and Services21,827.30-0.20%10.90%9.56%
Health Care9,609.08-2.30%-2.70%5.83%
Oil & Gas8,466.62-1.40%-1.00%54.21%
$ per £1.3132-0.90%6.40%-16.25%
€ per £1.1163-0.50%-4.80%-15.73%
¥ per £149.543-0.60%3.50%-22.69%
VIX Index (Volatility)11.230.60%-20.00%-22.90%
Baltic Dry Index1,573.00-0.90%63.70%101.05%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.40%
Consumer Price Index3.00%
Retail Price Index3.90%
Yields / Ratios
FTSE 100 Adj P/E21.77235
FTSE All Share Adj P/E21.11979
FTSE All Share Yld3.81%
15yr Gilt Yield1.73%
10yr Gilt Yield1.40%
10yr US Tres Yield2.43%

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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