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Investment Market Update

28 April 2017

World markets

FTSE 100 -0.7% 7237.17
FTSE 250 -0.2% 19636.64
Euro Stoxx 600 -0.2% 387.79
S&P 500 0.1% 2388.77
Nikkei -0.3% 19185.33
Hang Seng (HK$) -0.4% 24599.69


Asian stocks in Japan and Hong Kong retreated as geopolitical concerns intensified and investors assessed corporate earnings.


US stocks were mixed with the tech focused Nasdaq index closing at a record high ahead of earnings reports from Amazon and other technology giants.The other main indexes closed broadly flat as weakness in oil prices hit petroleum linked equities.


UK stocks closed lower after weak oil and commodity prices weighed on the index.  Miners BHP Billiton, Fresnillo and Glencore were among the worst performers down 4.75%, 3.82% and 3.15% respectively.


  • UBS Group AG fees from wealth management helped drive an 80% rise in first-quarter profit, with clients also adding billions of francs in new money. Net income rose to 1.27 billion Swiss francs from 707 million a year earlier, beating analysts estimates.
  • UK Prime Minister Theresa May’s call for a snap election has done little to inspire confidence among portfolio managers on the pound’s prospects. That’s in contrast to how markets initially reacted to the plan, with the pound rallying on the news and some analysts reconsidering their bearish calls on the currency on hopes for a smoother exit from the European Union.

Market data

UK (£)
FTSE 1007,237.17-0.7%1.3%14.4%
FTSE 25019,636.64-0.2%8.6%3.7%
FTSE All Share3,977.34-0.6%2.7%12.5%
FTSE Small Cap5,513.39-0.4%7.2%11.0%
St. James's Place1,139.000.7%14.6%3.9%
Europe (€)
Euro Stoxx 600387.79-0.2%7.3%-1.2%
DAX 3012,443.79-0.2%8.4%7.0%
CAC 405,271.70-0.3%8.4%4.9%
US (US$)
S&P 5002,388.770.1%6.7%9.5%
Dow Jones Ind20,981.330.0%6.2%13.4%
Hang Seng24,599.69-0.4%11.8%0.4%
Nikkei 22519,185.33-0.3%0.4%1.8%
Australia 2005,918.800.0%4.5%7.0%
MSCI AC Asia Pacific149.410.1%10.6%2.3%
World (US$)
MSCI World (Developed)1,881.14-0.1%7.4%5.3%
MSCI AC World (Dev & Em)455.88-0.1%8.1%5.6%
MSCI Emerging Markets979.66-0.3%13.6%8.6%
MSCI AC World Value203.96-0.4%4.9%9.5%
MSCI AC World Growth240.210.2%11.4%1.8%
Fixed Income
FTSE Gilts All Stocks3,590.720.1%1.9%8.5%
FTSE Index Linked All Stocks651.62-0.3%2.3%21.2%
ML Sterling Corporate Bonds391.090.1%2.6%10.7%
ML Global High Yield Bonds357.890.0%4.5%15.0%
Commodities (US$)
Brent Crude Oil51.44-0.7%-12.0%23.4%
UK Sectors
Basic Materials5,089.27-2.5%0.7%93.9%
Consumer Goods and Services21,969.75-0.6%11.6%9.6%
Health Care10,135.790.2%2.6%5.8%
Oil & Gas7,517.19-2.1%-12.1%54.2%
$ per £1.28-0.5%4.0%-16.3%
€ per £1.18-0.5%0.6%-15.7%
¥ per £143.34-0.2%-0.8%-22.7%
VIX Index (Volatility)10.36-4.5%-26.2%-22.9%
Baltic Dry Index1,134.00-1.1%18.0%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.32%
Consumer Price Index2.30%
Retail Price Index3.10%
Yields / Ratios
FTSE 100 Adj P/E25.92
FTSE All Share Adj P/E24.31
FTSE All Share Yld3.87%
15yr Gilt Yield1.46%
10yr Gilt Yield1.06%
10yr US Tres Yield2.29%

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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