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Investment Market Update

28 March 2018

World markets

FTSE 100 1.6% 7000.14
FTSE 250 1.1% 19389.13
Euro Stoxx 600 1.2% 367.57
S&P 500 -1.7% 2612.62
Nikkei -2.0% 20894.08
Hang Seng (HK$) -1.7% 30263.09


Equities in Asia fell after a sell-off in technology shares concerned investors assessing threats to earnings growth for the industry that propelled last year’s rally.


A steep, late-afternoon sell-off in technology companies pulled US stocks sharply lower on Tuesday, while banks also weighed on the market as bond yields declined. The market turbulence came a day after the major stock indices notched their best day in more than two years.


UK stocks made strong gains after recent struggles, led higher by GlaxoSmithKline which gained nearly 5% on the news that they had agreed to buy Novartis' stake in their joint healthcare venture. 


  • Mark Zuckerberg, Facebook's chief executive officer, is expected to testify before the US House Energy and Commerce Committee as early as 12 April, according to a congressional official familiar with the plans.
  • Kim Jong Un is willing to talk with US President Donald Trump about giving up his nuclear weapons, China said, after the North Korean leader made a surprise visit to Beijing to patch up ties with his neighbour.

Market data

UK (£)
FTSE 1007,000.141.60%-8.90%7.60%
FTSE 25019,389.131.10%-6.50%14.70%
FTSE All Share3,867.031.50%-8.40%9.00%
FTSE Small Cap5,595.300.40%-5.40%14.90%
St. James's Place1,092.001.20%-10.90%20.90%
Europe (€)
Euro Stoxx 600367.571.20%-5.60%7.70%
DAX 3011,970.831.60%-7.30%12.50%
CAC 405,115.741.00%-3.70%9.30%
US (US$)
S&P 5002,612.62-1.70%-2.30%19.40%
Dow Jones Ind23,857.71-1.40%-3.50%25.10%
Hang Seng30,263.09-1.70%1.10%38.50%
Nikkei 22520,894.08-2.00%-8.20%19.10%
Australia 2005,789.50-0.70%-4.50%7.00%
MSCI AC Asia Pacific174.7751.10%0.60%28.70%
World (US$)
MSCI World (Developed)2,055.55-0.70%-2.30%20.10%
MSCI AC World (Dev & Em)504.134-0.50%-1.70%21.60%
MSCI Emerging Markets1,185.180.20%2.30%34.20%
MSCI AC World Value215.994-0.10%-3.60%15.20%
MSCI AC World Growth277.033-0.90%0.10%28.30%
Fixed Income
FTSE Gilts All Stocks3,581.570.10%-0.20%3.00%
FTSE Index Linked All Stocks639.18-0.10%-1.30%2.30%
ML Sterling Corporate Bonds393.7410.20%-1.80%5.70%
ML Global High Yield Bonds377.1970.00%-0.10%9.70%
Commodities (US$)
Brent Crude Oil70.110.00%6.10%14.50%
UK Sectors
Basic Materials5,964.891.90%-5.60%25.00%
Consumer Goods and Services18,880.290.90%-15.60%13.60%
Health Care9,068.933.20%-4.70%-3.70%
Oil & Gas8,278.851.90%-8.60%6.00%
$ per £1.42230.40%5.30%9.50%
€ per £1.14290.10%1.50%-4.00%
¥ per £149.52299-0.20%-1.80%5.30%
VIX Index (Volatility)22.57.00%103.80%-21.40%
Baltic Dry Index1,117.00-0.80%-18.20%42.14%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.67%
Consumer Price Index2.70%
Retail Price Index3.60%
Yields / Ratios
FTSE 100 Adj P/E12.49183
FTSE All Share Adj P/E12.8588
FTSE All Share Yld4.18%
15yr Gilt Yield1.64%
10yr Gilt Yield1.42%
10yr US Tres Yield2.78%

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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