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Investment Market Update

04 May 2017

World markets

FTSE 100 -0.2% 7234.53
FTSE 250 -0.6% 19683.39
Euro Stoxx 600 0.0% 389.37
S&P 500 -0.1% 2388.13
Nikkei 0.0% 19445.70
Hang Seng (HK$) -0.5% 24583.20


Most Asian stock markets slipped Thursday after a lacklustre day on Wall Street as the Fed used its latest assessment of the US economy to signal that more interest rate increases are on the way. Japan's market remained closed for a holiday.


Gains in US banking shares were offset on Wednesday by declines in media stocks and Apple shares. Shares at media groups Viacom and Time Warner slid after the latter said advertisers were taking a "wait-and-see" approach. Apple shares fell 0.3%, although it started the day down nearly 2% after news that sales of iPhones fell in the first quarter of 2017.


UK stocks closed lower Wednesday, weighed down by weaker commodity stocks, while supermarket Sainsbury's dropped after an underwhelming earnings update. Software firm Sage was among the winners, adding 3.4% on the strength of its first-half results.


  • HSBC Holdings Plc posted a surprise increase in first-quarter profit after Chief Executive Officer Stuart Gulliver stemmed the revenue decline that’s dogged his six-year tenure. Adjusted pretax profit, which excludes one-time items, rose 12% to $5.94 billion. Adjusted revenue rose 2%, compared with the 9% drop forecast by analysts, bolstered by growth at its three biggest businesses.
  • Facebook's profits have jumped in the first three months of the year, as the social network closes in on two billion users, according to its latest results. The number of people using Facebook each month increased to 1.94 billion, of which nearly 1.3 billion use it daily, the company said. The US tech giant reported profits of just over $3bn (£2.4bn) in the first quarter, a 76% rise year-on-year.

Market data

UK (£)
FTSE 1007,234.53-0.2%1.3%14.4%
FTSE 25019,683.39-0.6%8.9%3.7%
FTSE All Share3,978.43-0.3%2.7%12.5%
FTSE Small Cap5,538.38-0.5%7.7%11.0%
St. James's Place1,152.000.0%15.9%3.9%
Europe (€)
Euro Stoxx 600389.370.0%7.7%-1.2%
DAX 3012,527.840.2%9.1%7.0%
CAC 405,301.00-0.1%9.0%4.9%
US (US$)
S&P 5002,388.13-0.1%6.7%9.5%
Dow Jones Ind20,957.900.0%6.0%13.4%
Hang Seng24,583.20-0.5%11.7%0.4%
Nikkei 22519,445.700.0%1.7%1.8%
Australia 2005,876.40-0.3%3.7%7.0%
MSCI AC Asia Pacific149.58-0.3%10.8%2.3%
World (US$)
MSCI World (Developed)1,883.14-0.2%7.5%5.3%
MSCI AC World (Dev & Em)456.62-0.2%8.2%5.6%
MSCI Emerging Markets985.74-0.2%14.3%8.6%
MSCI AC World Value203.79-0.1%4.8%9.5%
MSCI AC World Growth241.20-0.2%11.9%1.8%
Fixed Income
FTSE Gilts All Stocks3,584.540.0%1.7%8.5%
FTSE Index Linked All Stocks655.01-0.7%2.9%21.2%
ML Sterling Corporate Bonds391.930.2%2.8%10.7%
ML Global High Yield Bonds359.150.0%4.9%15.0%
Commodities (US$)
Brent Crude Oil50.790.7%-13.5%23.4%
UK Sectors
Basic Materials4,979.96-2.3%-1.4%93.9%
Consumer Goods and Services21,895.50-0.5%11.2%9.6%
Health Care10,180.620.0%3.1%5.8%
Oil & Gas7,550.780.0%-11.7%54.2%
$ per £1.290.1%4.7%-16.3%
€ per £1.180.2%1.0%-15.7%
¥ per £144.90-0.1%0.3%-22.7%
VIX Index (Volatility)10.680.8%-23.9%-22.9%
Baltic Dry Index1,034.00-3.6%7.6%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.32%
Consumer Price Index2.30%
Retail Price Index3.10%
Yields / Ratios
FTSE 100 Adj P/E25.09
FTSE All Share Adj P/E23.70
FTSE All Share Yld3.88%
15yr Gilt Yield1.47%
10yr Gilt Yield1.07%
10yr US Tres Yield2.32%

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.


McCue Wealth Management Ltd

Mark McCue MA (Hons)

Director of McCue Wealth Management Ltd

Partner Practice of St. James's Place Wealth Management

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