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Investment Market Update

31 July 2017

World markets

FTSE 100 -1.0% 7368.37
FTSE 250 -0.8% 19728.19
Euro Stoxx 600 -1.0% 378.34
S&P 500 -0.1% 2472.10
Nikkei -0.1% 19942.53
Hang Seng (HK$) 1.0% 27242.98


Asian stocks gained as raw-material and energy producers rallied after gains in oil and commodity prices signaled an improving outlook for the global economy.


US stocks were mixed after the S&P 500 and the tech-based Nasdaq closed lower, ending a busy week of earnings results. Shares in online retail giant Amazon fell 2.6% after it surprised investors by reporting lower-than-expected profits.


UK stocks closed lower as telecoms group BT fell 1.8% after it took a £225m charge related to its Italian accounting scandal.


  • HSBC has reported a 5% rise in profits in the first half of 2017. Europe's biggest bank reported a pre-tax profit of $10.2bn for the first six months, up by about $500m. As widely expected, the bank has also announced a share buyback of up to $2bn which it expects to complete by the end of 2017.
  • BT has offered to provide the infrastructure for 99% of premises in the UK to get broadband speeds of at least 10 megabits per second by 2020. If accepted, it would mean government-proposed rules, allowing those living in remote areas to demand broadband, were unnecessary. BT says it would invest up to £600m and coverage would be universal by 2022.

Market data

UK (£)
FTSE 1007,368.37-1.0%3.2%14.4%
FTSE 25019,728.19-0.8%9.1%3.7%
FTSE All Share4,042.02-0.9%4.4%12.5%
FTSE Small Cap5,671.440.0%10.3%11.0%
St. James's Place1,211.00-1.3%21.8%3.9%
Europe (€)
Euro Stoxx 600378.34-1.0%4.7%-1.2%
DAX 3012,162.70-0.4%5.9%7.0%
CAC 405,131.39-1.1%5.5%4.9%
US (US$)
S&P 5002,472.10-0.1%10.4%9.5%
Dow Jones Ind21,830.310.2%10.5%13.4%
Hang Seng27,242.981.0%23.8%0.4%
Nikkei 22519,942.53-0.1%4.3%1.8%
Australia 2005,720.600.3%1.0%7.0%
MSCI AC Asia Pacific159.72-0.4%18.3%2.3%
World (US$)
MSCI World (Developed)1,960.32-0.2%11.9%5.3%
MSCI AC World (Dev & Em)477.25-0.2%13.1%5.6%
MSCI Emerging Markets1,062.97-0.6%23.3%8.6%
MSCI AC World Value211.15-0.2%8.6%9.5%
MSCI AC World Growth254.27-0.3%17.9%1.8%
Fixed Income
FTSE Gilts All Stocks3,548.15-0.1%0.7%8.5%
FTSE Index Linked All Stocks623.12-0.3%-2.1%21.2%
ML Sterling Corporate Bonds394.86-0.1%3.6%10.7%
ML Global High Yield Bonds369.870.1%8.0%15.0%
Commodities (US$)
Brent Crude Oil52.522.0%-10.7%23.4%
UK Sectors
Basic Materials5,597.69-0.2%10.8%93.9%
Consumer Goods and Services21,940.30-2.6%11.5%9.6%
Health Care9,762.700.1%-1.2%5.8%
Oil & Gas7,715.180.5%-9.7%54.2%
$ per £1.31-0.5%5.9%-16.3%
€ per £1.120.2%-4.5%-15.7%
¥ per £145.470.1%0.7%-22.7%
VIX Index (Volatility)10.291.8%-26.7%-22.9%
Baltic Dry Index933.00-1.0%-2.9%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.29%
Consumer Price Index2.60%
Retail Price Index3.50%
Yields / Ratios
FTSE 100 Adj P/E23.61
FTSE All Share Adj P/E22.51
FTSE All Share Yld3.79%
15yr Gilt Yield1.59%
10yr Gilt Yield1.22%
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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