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Investment Market Update

29 November 2017

World markets

FTSE 100 1.0% 7460.65
FTSE 250 0.7% 20026.19
Euro Stoxx 600 0.6% 387.02
S&P 500 1.0% 2627.04
Nikkei 0.5% 22597.20
Hang Seng (HK$) 0.0% 29671.52


Asian stocks were mixed as Chinese shares swung between gains and losses. Shares in Tokyo ended higher with bank and insurers underpinning gains.


US stocks closed at record highs, recovering after dropping on news that North Korea had fired another missile towards Japan. Analysts said markets were buoyed by Senate progress on a plan to cut US corporate taxes from 35% to 20%.


UK stocks closed higher as Royal Dutch Shell lifted the UK market after the oil giant signalled a stronger financial footing with the return of all-cash dividends.


  • Railway lines closed in the 1960s could be reopened if they boost the economy, the government has said. Some 4,000 miles of rail routes were closed and became known as the Beeching cuts - after Dr Richard Beeching who was then chairman of British Rail. It is part of the Transport Secretary Chris Grayling's rail strategy which will be unveiled on Wednesday.
  • SoftBank Group Corp. and a group of investors are trying to buy a stake in Uber Technologies Inc. at a sizable discount to the company’s $69 billion valuation, seeking to clinch what would be one of the largest purchases of stock in a private company.

Market data

UK (£)
FTSE 1007,460.651.0%4.4%14.4%
FTSE 25020,026.190.7%10.8%3.7%
FTSE All Share4,095.131.0%5.7%12.5%
FTSE Small Cap5,773.440.2%12.3%11.0%
St. James's Place1,206.001.3%18.9%3.9%
Europe (€)
Euro Stoxx 600387.020.6%7.1%-1.2%
DAX 3013,059.530.5%13.7%7.0%
CAC 405,390.480.6%10.9%4.9%
US (US$)
S&P 5002,627.041.0%17.3%9.5%
Dow Jones Ind23,836.711.1%20.6%13.4%
Hang Seng29,671.520.0%34.9%0.4%
Nikkei 22522,597.200.5%18.2%1.8%
Australia 2006,011.120.4%6.1%7.0%
MSCI AC Asia Pacific171.98-0.2%27.4%2.3%
World (US$)
MSCI World (Developed)2,066.550.5%18.0%5.3%
MSCI AC World (Dev & Em)504.450.5%19.6%5.6%
MSCI Emerging Markets1,146.500.2%33.0%8.6%
MSCI AC World Value218.850.7%12.6%9.5%
MSCI AC World Growth273.850.3%27.0%1.8%
Fixed Income
FTSE Gilts All Stocks3,562.730.0%1.1%8.5%
FTSE Index Linked All Stocks647.880.1%1.7%21.2%
ML Sterling Corporate Bonds396.300.0%4.0%10.7%
ML Global High Yield Bonds375.63-0.1%9.7%15.0%
Commodities (US$)
Brent Crude Oil63.61-0.4%8.4%23.4%
UK Sectors
Basic Materials5,809.82-0.6%15.0%93.9%
Consumer Goods and Services22,028.020.9%11.9%9.6%
Health Care9,325.050.7%-5.6%5.8%
Oil & Gas8,762.742.9%2.5%54.2%
$ per £1.330.0%8.0%-16.3%
€ per £1.12-0.3%-4.5%-15.7%
¥ per £148.02-0.2%2.4%-22.7%
VIX Index (Volatility)10.031.6%-28.6%-22.9%
Baltic Dry Index1,506.002.0%56.7%101.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.52%
Consumer Price Index3.00%
Retail Price Index4.00%
Yields / Ratios
FTSE 100 Adj P/E20.14
FTSE All Share Adj P/E19.64
FTSE All Share Yld3.80%
15yr Gilt Yield1.58%
10yr Gilt Yield1.25%
10yr US Tres Yield2.33%

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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