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Investment Market Update

06 June 2018

World markets

FTSE 100 -0.7% 7686.80
FTSE 250 -0.3% 21051.86
Euro Stoxx 600 -0.3% 386.89
S&P 500 0.1% 2748.80
Nikkei 0.4% 22620.38
Hang Seng (HK$) 0.5% 31253.61


Asian stocks gained, as stable US yields and lower valuations lured some investors back to the region. A gauge for material stocks lead the advance, buoyed by Australian miners.


US stocks mostly edged higher, as technology shares extended recent gains while US Treasury yields fell on safe-haven buying after Italy's new prime minister outlined new economic policies that could add to the nation's debt.


UK stocks ended lower, owing to strength in the pound, while banks weighed on the large caps as the UK government sold a stake in Royal Bank of Scotland.


  • A computer failure at TSB that caused up to 1.9 million people to lose access to online banking services is being investigated by the financial regulator. The introduction of a new IT system in April left customers struggling to make transactions and see their balances.
  • ​Mexico has announced new tariffs on US products in response to Donald Trump's decision to impose steep duties on imports of steel and aluminium.

Market data

UK (£)
FTSE 1007,686.80-0.7%0.0%7.6%
FTSE 25021,051.86-0.3%1.6%14.7%
FTSE All Share4,233.76-0.6%0.3%9.0%
FTSE Small Cap5,963.34-0.1%0.9%14.9%
St. James's Place1,190.50-1.0%-2.9%20.9%
Europe (€)
Euro Stoxx 600386.89-0.3%-0.6%7.7%
DAX 3012,787.130.1%-1.0%12.5%
CAC 405,460.95-0.2%2.8%9.3%
US (US$)
S&P 5002,748.800.1%2.8%19.4%
Dow Jones Ind24,799.98-0.1%0.3%25.1%
Hang Seng31,253.610.5%4.5%38.5%
Nikkei 22522,620.380.4%-0.6%19.1%
Australia 2006,025.700.5%-0.7%7.0%
MSCI AC Asia Pacific174.530.0%0.4%28.7%
World (US$)
MSCI World (Developed)2,119.37-0.1%0.8%20.1%
MSCI AC World (Dev & Em)515.72-0.1%0.5%21.6%
MSCI Emerging Markets1,144.44-0.2%-1.2%34.2%
MSCI AC World Value216.14-0.4%-3.5%15.2%
MSCI AC World Growth289.300.1%4.5%28.3%
Fixed Income
FTSE Gilts All Stocks3,597.730.0%0.2%3.0%
FTSE Index Linked All Stocks639.500.0%-1.3%2.3%
ML Sterling Corporate Bonds395.510.1%-1.3%5.7%
ML Global High Yield Bonds373.150.0%-1.1%9.7%
Commodities (US$)
Brent Crude Oil75.380.1%15.8%14.5%
UK Sectors
Basic Materials6,792.520.8%7.5%25.0%
Consumer Goods and Services20,115.15-0.7%-10.0%13.6%
Health Care10,256.01-0.4%7.8%-3.7%
Oil & Gas9,702.60-0.8%7.1%6.0%
$ per £1.33-0.5%-1.5%9.5%
€ per £1.14-0.3%1.2%-4.0%
¥ per £146.03-0.4%-4.1%5.3%
VIX Index (Volatility)12.40-2.7%12.3%-21.4%
Baltic Dry Index1,249.004.7%-8.6%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.62%
Consumer Price Index2.40%
Retail Price Index3.40%
Yields / Ratios
FTSE 100 Adj P/E13.16
FTSE All Share Adj P/E13.58
FTSE All Share Yld3.95%
15yr Gilt Yield1.58%
10yr Gilt Yield1.28%
10yr US Tres Yield2.93%

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.


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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