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Investment Market Update

30 October 2017

World markets

FTSE 100 0.2% 7505.03
FTSE 250 -0.1% 20146.06
Euro Stoxx 600 0.6% 393.43
S&P 500 0.8% 2581.07
Nikkei 0.0% 22011.67
Hang Seng (HK$) -0.1% 28422.78


Asian stocks mostly edged higher as investors continued to digest earnings and the European Central Bank’s decision to extend its stimulus further improved the dollar’s yield advantage.


US stocks increased off the back of stronger-than-expected US economic data and earnings from some of tech’s biggest names.


UK stocks closed higher as investors snapped up shares in the Royal Bank of Scotland after the lender swung into profit. British Airways owner IAG was the biggest faller, down 7% despite the airline group reporting higher profits.


  • Banking giant HSBC has reported pre-tax quarterly profits of $4.6bn for the three months to the end of September. The result marks a huge 448% increase from $843m posted in the same period a year ago. At that time, earnings were hit by a one-off loss of $1.7bn from the sale of its Brazilian unit.
  • The US economy expanded at an annual pace of 3% during the three months to the end of September, which was stronger than expected. The growth extended the robust activity reported in the previous quarter, when US GDP grew at an annual pace of 3.1%. Analysts had been expecting a sharp slowdown after back-to-back hurricanes battered several states in the quarter.

Market data

UK (£)
FTSE 1007,505.030.2%5.1%14.4%
FTSE 25020,146.06-0.1%11.4%3.7%
FTSE All Share4,120.210.2%6.4%12.5%
FTSE Small Cap5,834.730.8%13.4%11.0%
St. James's Place1,176.00-0.7%19.9%3.9%
Europe (€)
Euro Stoxx 600393.430.6%8.9%-1.2%
DAX 3013,217.540.6%15.1%7.0%
CAC 405,494.130.7%13.0%4.9%
US (US$)
S&P 5002,581.070.8%15.3%9.5%
Dow Jones Ind23,434.190.1%18.6%13.4%
Hang Seng28,422.78-0.1%29.2%0.4%
Nikkei 22522,011.670.0%15.2%1.8%
Australia 2005,919.080.3%4.5%7.0%
MSCI AC Asia Pacific167.350.5%23.9%2.3%
World (US$)
MSCI World (Developed)2,034.600.4%16.2%5.3%
MSCI AC World (Dev & Em)495.690.4%17.5%5.6%
MSCI Emerging Markets1,110.220.2%28.8%8.6%
MSCI AC World Value217.420.0%11.9%9.5%
MSCI AC World Growth266.310.8%23.5%1.8%
Fixed Income
FTSE Gilts All Stocks3,519.980.4%-0.1%8.5%
FTSE Index Linked All Stocks624.450.0%-1.9%21.2%
ML Sterling Corporate Bonds393.610.4%3.3%10.7%
ML Global High Yield Bonds374.85-0.2%9.4%15.0%
Commodities (US$)
Brent Crude Oil60.441.9%2.9%23.4%
UK Sectors
Basic Materials5,868.47-1.2%16.2%93.9%
Consumer Goods and Services22,347.260.8%13.5%9.6%
Health Care9,439.14-0.1%-4.4%5.8%
Oil & Gas8,574.911.1%0.3%54.2%
$ per £1.320.4%6.8%-16.3%
€ per £1.13-0.3%-3.9%-15.7%
¥ per £149.870.4%3.7%-22.7%
VIX Index (Volatility)9.80-13.3%-30.2%-22.9%
Baltic Dry Index1,546.00-0.6%60.9%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.42%
Consumer Price Index3.00%
Retail Price Index3.90%
Yields / Ratios
FTSE 100 Adj P/E21.52
FTSE All Share Adj P/E20.93
FTSE All Share Yld3.79%
15yr Gilt Yield1.68%
10yr Gilt Yield1.35%
10yr US Tres Yield2.41%

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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