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Investment Market Update

28 September 2017

World markets

FTSE 100 0.4% 7313.51
FTSE 250 0.3% 19569.45
Euro Stoxx 600 0.4% 385.62
S&P 500 0.4% 2507.04
Nikkei 0.5% 20363.11
Hang Seng (HK$) -0.1% 27605.65


Asian stocks were mixed as Japan’s stocks fell Wednesday ahead of dividend payments, bucking mostly higher trade for indexes elsewhere in the region, as investors shrugged off comments from Federal Reserve chief Janet Yellen about the prospect of higher interest rates.


US stocks closed higher on Wednesday, as investors reacted to signs of progress on a Republican-led plan to cut taxes for businesses.


UK stocks finished higher as financial stocks led the London market higher, as investors bet on the benefits of higher UK interest rates.


  • Ryanair has been threatened with legal action for "persistently misleading" passengers about their rights following thousands of flight cancellations. The Civil Aviation Authority said it had launched "enforcement action" against Ryanair, the first step towards court action. Ryanair was wrong to claim it did not have to re-route passengers on rival airlines, it said. The action comes after Ryanair cancelled a further 18,000 flights.
  • US President Donald Trump has called for major tax cuts as part of a longstanding Republican effort to overhaul the US tax system. A framework released by Republicans calls for lowering the tax rate for corporations from 35% to 20%, among other changes. The president said the revamp will make the US more competitive and help middle class families.

Market data

UK (£)
FTSE 1007,313.510.4%2.4%14.4%
FTSE 25019,569.450.3%8.3%3.7%
FTSE All Share4,012.650.4%3.6%12.5%
FTSE Small Cap5,673.370.5%10.3%11.0%
St. James's Place1,133.002.1%15.5%3.9%
Europe (€)
Euro Stoxx 600385.620.4%6.7%-1.2%
DAX 3012,657.410.4%10.2%7.0%
CAC 405,281.960.3%8.6%4.9%
US (US$)
S&P 5002,507.040.4%12.0%9.5%
Dow Jones Ind22,340.710.3%13.0%13.4%
Hang Seng27,605.65-0.1%25.5%0.4%
Nikkei 22520,363.110.5%6.5%1.8%
Australia 2005,670.400.1%0.1%7.0%
MSCI AC Asia Pacific160.80-0.2%19.1%2.3%
World (US$)
MSCI World (Developed)1,988.000.2%13.5%5.3%
MSCI AC World (Dev & Em)484.010.2%14.7%5.6%
MSCI Emerging Markets1,078.57-0.1%25.1%8.6%
MSCI AC World Value213.700.1%9.9%9.5%
MSCI AC World Growth258.380.3%19.8%1.8%
Fixed Income
FTSE Gilts All Stocks3,508.50-0.4%-0.5%8.5%
FTSE Index Linked All Stocks623.94-0.7%-2.0%21.2%
ML Sterling Corporate Bonds391.79-0.3%2.8%10.7%
ML Global High Yield Bonds373.55-0.1%9.1%15.0%
Commodities (US$)
Brent Crude Oil57.90-0.9%-1.5%23.4%
UK Sectors
Basic Materials5,631.550.0%11.5%93.9%
Consumer Goods and Services21,431.810.5%8.9%9.6%
Health Care9,649.250.1%-2.3%5.8%
Oil & Gas8,183.460.0%-4.3%54.2%
$ per £1.340.2%8.8%-16.3%
€ per £1.140.0%-2.8%-15.7%
¥ per £150.81-0.1%4.4%-22.7%
VIX Index (Volatility)9.87-2.9%-29.7%-22.9%
Baltic Dry Index1,429.00-3.2%48.7%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.33%
Consumer Price Index2.90%
Retail Price Index3.90%
Yields / Ratios
FTSE 100 Adj P/E21.96
FTSE All Share Adj P/E21.16
FTSE All Share Yld3.83%
15yr Gilt Yield1.70%
10yr Gilt Yield1.38%
10yr US Tres Yield2.31%

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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