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Investment Market Update

02 July 2018

World markets

FTSE 100 0.3% 7636.93
FTSE 250 0.7% 20830.97
Euro Stoxx 600 0.8% 379.93
S&P 500 0.1% 2718.37
Nikkei -2.0% 21851.67
Hang Seng (HK$) 0.0% 28955.11

asia

Asian stocks fell, on signs that escalating trade tensions between the US and China have started impacting economic growth.

us

US stocks closed higher, after rallying most of the day as concern over lingering trade tensions weighed on investor sentiment.

uk

UK stocks remained on the front foot, despite a stronger pound after UK economic growth in the first quarter of 2018 was higher than expected at 0.2%.


Headlines

  • The UK's economic growth has been revised up for the first quarter of the year after construction data was found to be stronger than earlier estimates. Growth for the three months to March was 0.2%, the Office for National Statistics said, a surprise upgrade from the earlier estimate of 0.1%. The pound jumped as speculation grew about the possibility of an interest rate rise later this year.
     
  • ​Nearly 22,000 jobs have been hit on the UK's struggling High Streets this year. BBC 5 Live's Wake Up To Money has been tracking shop closures and retail administrations and found that more than 7,000 people have lost their jobs. A further 9,500 roles are due to go through planned shop closures, while 5,100 are in doubt at Poundworld, which is in administration.

Market data

Price1dYTD2017
UK (£)
FTSE 1007,636.930.3%-0.7%7.6%
FTSE 25020,830.970.7%0.5%14.7%
FTSE All Share4,202.250.3%-0.5%9.0%
FTSE Small Cap5,876.82-0.3%-0.6%14.9%
St. James's Place1,147.500.4%-6.4%20.9%
Europe (€)
Euro Stoxx 600379.930.8%-2.4%7.7%
DAX 3012,306.001.1%-4.7%12.5%
CAC 405,323.530.9%0.2%9.3%
US (US$)
S&P 5002,718.370.1%1.7%19.4%
Dow Jones Ind24,271.410.2%-1.8%25.1%
NASDAQ7,510.300.1%8.8%28.2%
Asia
Hang Seng28,955.110.0%-3.2%38.5%
Nikkei 22521,851.67-2.0%-4.0%19.1%
Australia 2006,178.50-0.3%1.9%7.0%
MSCI AC Asia Pacific166.040.9%-4.5%28.7%
World (US$)
MSCI World (Developed)2,089.300.5%-0.7%20.1%
MSCI AC World (Dev & Em)505.200.7%-1.5%21.6%
MSCI Emerging Markets1,069.522.2%-7.7%34.2%
MSCI AC World Value212.130.6%-5.3%15.2%
MSCI AC World Growth282.890.7%2.2%28.3%
Fixed Income
FTSE Gilts All Stocks3,604.12-0.2%0.4%3.0%
FTSE Index Linked All Stocks640.060.1%-1.2%2.3%
ML Sterling Corporate Bonds393.75-0.2%-1.8%5.7%
ML Global High Yield Bonds371.720.2%-1.5%9.7%
Commodities (US$)
Brent Crude Oil79.232.1%22.3%14.5%
Gold1,255.370.4%-3.9%11.8%
UK Sectors
Basic Materials6,470.050.9%2.4%25.0%
Consumer Goods and Services20,217.200.0%-9.6%13.6%
Financials5,176.010.3%-4.4%13.3%
Health Care10,273.920.9%8.0%-3.7%
Industrials4,202.250.3%-0.5%9.0%
Oil & Gas9,813.56-0.6%8.3%6.0%
Technology1,899.241.9%-17.5%23.5%
Telecommunications2,698.460.1%-20.2%0.1%
Utilities7,286.39-0.1%-0.7%-14.8%
Currencies
$ per £1.31-0.5%-2.8%9.5%
€ per £1.130.4%0.8%-4.0%
¥ per £145.01-0.8%-4.7%5.3%
Indicators
VIX Index (Volatility)16.09-4.5%45.7%-21.4%
Baltic Dry Index1,385.004.2%1.4%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.67%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E13.10
FTSE All Share Adj P/E13.05
FTSE All Share Yld4.00%
15yr Gilt Yield1.56%
10yr Gilt Yield1.28%
10yr US Tres Yield2.86%

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.

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Life Matters Wealth Management Ltd

Partner Practice of St. James's Place Wealth Management

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