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Investment Market Update

28 February 2018

World markets

FTSE 100 -0.1% 7282.45
FTSE 250 0.2% 19875.78
Euro Stoxx 600 -0.2% 382.36
S&P 500 -1.3% 2744.28
Nikkei -1.4% 22068.24
Hang Seng (HK$) -1.4% 30820.42


Asian stocks slipped on Wednesday following their US counterparts lower after hawkish comments from new Federal Reserve Chair Jerome Powell and weaker than expected economic data from China and Japan.


US stocks fell on Tuesday as comments from new Federal Reserve chair Jerome Powell sent rates higher. The new chair signalled the central bank could hike rates more than three times  this year in an effort to keep the economy from overheating. 


UK stocks were flat overall on Tuesday as investors awaited the appearance of Jerome Powell. Sky made gains of 18.3% as Comcast launched a bid to takeover the broadcaster. 


  • Amazon has bought a US firm that makes high-tech doorbells in a move expected to help the online retailer improve how it delivers parcels. Ring makes doorbells that record live videos of customers' doorsteps, then sends the videos to their smartphones. The doorbell could help Amazon customers trust its new service which lets couriers open people's front doors and put deliveries inside.
  • ​Estate agent chain Foxtons has reported a slump in profits as it warns of a London housing market near historic lows. The slowdown "had a significant impact on our overall performance in 2017, the estate agent said. Foxtons saw profits drop 65% for the year to 31 December 2017.

Market data

UK (£)
FTSE 1007,282.45-0.1%-5.3%7.6%
FTSE 25019,875.780.2%-4.1%14.7%
FTSE All Share4,011.520.0%-5.0%9.0%
FTSE Small Cap5,758.850.2%-2.6%14.9%
St. James's Place1,125.50-1.6%-8.2%20.9%
Europe (€)
Euro Stoxx 600382.36-0.2%-1.8%7.7%
DAX 3012,490.73-0.3%-3.3%12.5%
CAC 405,343.930.0%0.6%9.3%
US (US$)
S&P 5002,744.28-1.3%2.6%19.4%
Dow Jones Ind25,410.03-1.2%2.8%25.1%
Hang Seng30,820.42-1.4%3.0%38.5%
Nikkei 22522,068.24-1.4%-3.1%19.1%
Australia 2006,015.96-0.7%-0.8%7.0%
MSCI AC Asia Pacific178.99-0.2%3.0%28.7%
World (US$)
MSCI World (Developed)2,140.57-0.9%1.8%20.1%
MSCI AC World (Dev & Em)523.83-0.9%2.1%21.6%
MSCI Emerging Markets1,212.33-0.7%4.7%34.2%
MSCI AC World Value225.00-0.8%0.4%15.2%
MSCI AC World Growth287.17-0.9%3.8%28.3%
Fixed Income
FTSE Gilts All Stocks3,509.17-0.4%-2.2%3.0%
FTSE Index Linked All Stocks627.58-0.5%-3.1%2.3%
ML Sterling Corporate Bonds392.05-0.3%-2.2%5.7%
ML Global High Yield Bonds378.00-0.1%0.2%9.7%
Commodities (US$)
Brent Crude Oil66.63-1.3%0.3%14.5%
UK Sectors
Basic Materials6,413.84-0.7%1.5%25.0%
Consumer Goods and Services19,946.48-1.1%-10.8%13.6%
Health Care8,881.200.3%-6.7%-3.7%
Oil & Gas8,355.330.2%-7.8%6.0%
$ per £1.400.3%3.4%9.5%
€ per £1.13-0.2%0.8%-4.0%
¥ per £149.44-0.1%-1.8%5.3%
VIX Index (Volatility)18.5917.7%68.4%-21.4%
Baltic Dry Index1,188.00-0.3%-13.0%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.58%
Consumer Price Index3.00%
Retail Price Index4.00%
Yields / Ratios
FTSE 100 Adj P/E13.34
FTSE All Share Adj P/E13.72
FTSE All Share Yld4.01%
15yr Gilt Yield1.81%
10yr Gilt Yield1.56%
10yr US Tres Yield2.89%

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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