Matthew Newton Wealth Management Ltd

Senior Partner Practice of St. James's Place Wealth Management


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Investment Market Update

01 June 2018

World markets

FTSE 100 -0.1% 7678.20
FTSE 250 0.1% 20846.26
Euro Stoxx 600 -0.6% 383.06
S&P 500 -0.7% 2705.27
Nikkei 0.2% 22240.77
Hang Seng (HK$) -0.1% 30446.14


Asian stocks were mixed on Friday after the news on US tariffs on imports. Shares in Japan rose, while Korean equities outperformed on better than expected export data. Australian stocks lagged alongside Chinese and Hong Kong shares.


US stocks were mainly lower on Thursday after the United States said it was moving ahead with tariffs on aluminium and steel imports from the EU, Mexico and Canada, potentially setting the stage for a trade war with some of America’s top allies.


UK stocks were mostly down on Thursday as investors digested the news on US tariffs. Elsewhere Bank of Georgia's stock rose revealing it had been recognised as the best Sub-Custodian Bank in Georgia, while in contrast fellow FTSE 250 constituent Card Factory fell significantly after a fiscal first quarter trading update.


  • Barclays is tightening its lending criteria to a UK economy that is lagging behind the rest of the world. Chief executive Jes Staley says Brexit uncertainty was helping to stunt economic growth and that was something the bank could not ignore.
  • ​The race to lead America's self-driving car market moved up a gear with General Motors and Fiat Chrysler announcing major deals. Japan's Softbank is putting $2.25bn (£1.7bn) into GM's autonomous unit Cruise, one of the biggest single investments in self-driving technology. Google-owned Waymo is buying up to 62,000 Fiat Chrysler minivans for its autonomous fleet.

Market data

UK (£)
FTSE 1007,689.570.7%0.0%7.6%
FTSE 25020,822.670.4%0.5%14.7%
FTSE All Share4,226.470.6%0.1%9.0%
FTSE Small Cap5,926.55-0.3%0.2%14.9%
St. James's Place1,178.000.7%-3.9%20.9%
Europe (€)
Euro Stoxx 600385.490.3%-0.9%7.7%
DAX 3012,783.760.9%-1.0%12.5%
CAC 405,427.35-0.2%2.2%9.3%
US (US$)
S&P 5002,724.011.3%1.9%19.4%
Dow Jones Ind24,667.781.3%-0.2%25.1%
Hang Seng30,332.950.9%1.4%38.5%
Nikkei 22522,246.471.0%-2.3%19.1%
Australia 2006,007.500.4%-1.0%7.0%
MSCI AC Asia Pacific170.61-1.4%-1.8%28.7%
World (US$)
MSCI World (Developed)2,100.420.8%-0.1%20.1%
MSCI AC World (Dev & Em)509.960.6%-0.6%21.6%
MSCI Emerging Markets1,112.75-1.2%-3.9%34.2%
MSCI AC World Value214.980.7%-4.0%15.2%
MSCI AC World Growth284.490.5%2.8%28.3%
Fixed Income
FTSE Gilts All Stocks3,623.200.2%1.0%3.0%
FTSE Index Linked All Stocks641.130.6%-1.0%2.3%
ML Sterling Corporate Bonds394.860.1%-1.5%5.7%
ML Global High Yield Bonds371.720.1%-1.5%9.7%
Commodities (US$)
Brent Crude Oil77.502.8%18.4%14.5%
UK Sectors
Basic Materials6,595.531.0%4.4%25.0%
Consumer Goods and Services20,234.810.2%-9.5%13.6%
Health Care10,381.381.2%9.1%-3.7%
Oil & Gas9,746.452.6%7.6%6.0%
$ per £1.32-0.4%-2.0%9.5%
€ per £1.150.6%1.9%-4.0%
¥ per £144.05-0.5%-5.4%5.3%
VIX Index (Volatility)14.94-12.2%35.3%-21.4%
Baltic Dry Index1,042.00-1.4%-23.7%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.61%
Consumer Price Index2.40%
Retail Price Index3.40%
Yields / Ratios
FTSE 100 Adj P/E13.16
FTSE All Share Adj P/E13.56
FTSE All Share Yld3.96%
15yr Gilt Yield1.56%
10yr Gilt Yield1.26%
10yr US Tres Yield2.85%

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.


Matthew Newton Wealth Management Ltd

Matthew Newton

Director of Matthew Newton Wealth Management Ltd

Senior Partner Practice of St. James's Place Wealth Management

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