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Investment Market Update

29 January 2018

World markets

FTSE 100 0.7% 7665.54
FTSE 250 0.5% 20615.58
Euro Stoxx 600 0.5% 400.57
S&P 500 1.2% 2872.87
Nikkei 0.0% 23629.34
Hang Seng (HK$) -0.6% 32944.26


Asian equities pared earlier gains, with a rise in shares in Australia and South Korea offset by declines in Hong Kong and China. The yen fell as the Bank of Japan downplayed Governor Haruhiko Kuroda’s comments on improving inflation.


US shares closed as earnings continue to top estimates. The S&P was boosted by technology shares after strong results from Intel Corp.


UK shares closed up after UK GDP figures beat expectations. Strong performers included BAE Systems which gained 3.8%, Imperial Brands, up 3.4% and Next, up 3%.


  • The Financial Reporting Council (FRC) is to investigate KPMG’s audit of Carillion's accounts in the wake of the construction firm's collapse. The move follows "enquiries made since a profit warning in July" at the collapsed construction firm.
  • The boss of Ford's China business has resigned after just five months at the helm "for or personal reasons that predate his time" at the company. Jason Luo joined Ford from Key Safety Systems, a maker of safety systems such as airbags and seatbelts. 

Market data

UK (£)
FTSE 1007,665.540.7%-0.3%7.6%
FTSE 25020,615.580.5%-0.5%14.7%
FTSE All Share4,209.420.6%-0.3%9.0%
FTSE Small Cap5,951.45-0.4%0.7%14.9%
St. James's Place1,224.000.2%-0.2%20.9%
Europe (€)
Euro Stoxx 600400.570.5%2.9%7.7%
DAX 3013,340.170.3%3.3%12.5%
CAC 405,529.150.9%4.1%9.3%
US (US$)
S&P 5002,872.871.2%7.5%19.4%
Dow Jones Ind26,616.710.8%7.7%25.1%
Hang Seng32,944.26-0.6%10.1%38.5%
Nikkei 22523,629.340.0%3.8%19.1%
Australia 2006,075.410.4%0.2%7.0%
MSCI AC Asia Pacific187.220.3%7.7%28.7%
World (US$)
MSCI World (Developed)2,248.930.7%6.9%20.1%
MSCI AC World (Dev & Em)550.320.7%7.3%21.6%
MSCI Emerging Markets1,273.070.8%9.9%34.2%
MSCI AC World Value238.910.5%6.6%15.2%
MSCI AC World Growth298.600.8%7.9%28.3%
Fixed Income
FTSE Gilts All Stocks3,529.06-0.2%-1.7%3.0%
FTSE Index Linked All Stocks634.570.3%-2.0%2.3%
ML Sterling Corporate Bonds399.390.0%-0.3%5.7%
ML Global High Yield Bonds383.52-0.1%1.6%9.7%
Commodities (US$)
Brent Crude Oil70.520.1%5.5%14.5%
UK Sectors
Basic Materials6,455.760.5%2.2%25.0%
Consumer Goods and Services21,668.700.7%-3.1%13.6%
Health Care9,380.171.5%-1.4%-3.7%
Oil & Gas9,123.02-0.2%0.7%6.0%
$ per £1.430.7%5.5%9.5%
€ per £1.140.2%1.3%-4.0%
¥ per £154.910.8%1.8%5.3%
VIX Index (Volatility)11.08-4.3%0.4%-21.4%
Baltic Dry Index1,219.000.2%-10.8%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.53%
Consumer Price Index3.00%
Retail Price Index4.10%
Yields / Ratios
FTSE 100 Adj P/E20.63
FTSE All Share Adj P/E20.03
FTSE All Share Yld3.78%
15yr Gilt Yield1.70%
10yr Gilt Yield1.44%
10yr US Tres Yield2.66%

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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