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Investment Market Update

06 July 2017

World markets

FTSE 100 0.1% 7367.60
FTSE 250 0.8% 19451.22
Euro Stoxx 600 0.2% 382.99
S&P 500 0.1% 2432.54
Nikkei -0.5% 19983.49
Hang Seng (HK$) -0.2% 25483.68

asia

Asian stocks were adrift amid global uncertainty, equity markets in Asia struggled for direction early on Thursday after underwhelming overnight moves in Europe and the US, as investors adopted a collective wait-and-see attitude. Market participants are especially concerned about the repercussions of North Korea’s missile launch earlier this week, in addition to a Group of 20 meeting in Germany and Friday’s US jobs report. 

us

US stocks finished marginally up despite the fall in energy shares as a decrease in the the price of oil hit the sector. Technolagy shares provided some support for the indexes while two hours before the markets closed the minutes of the Federal Reserve's most recent meeting were released, but had little impact due to their lack of insight into future interest rate increases.

uk

UK stocks closed up overall as the FTSE 100 was up 10.37 points or 0.14% at 7,367.60. Shares in Worldpay slumped 8.8% after news broke that it was being taken over by US rival Vanti, while Tesco was the biggest riser, up 3.8% after wholesaler Booker reported strong sales figures.


Headlines

  • Scotland's economy rebounded in the first quarter of this year, boosted by growth in production and services. Official figures showed GDP grew by 0.8%, having shrunk by 0.2% in the previous three months. Scotland outstripped the UK as a whole, which saw growth of just 0.2% in the first three months of the year.
     
  • Lenders have been told to raise their game after regulators highlighted the risks in the consumer credit market. The Bank of England's Prudential Regulation Authority (PRA) has highlighted various concerns during a review of lending in personal loans, credit cards and car finance. While it did not find looser credit scoring on the scale seen before the financial crisis it has told banks and others to address specific concerns.

Market data

Price1dYTD2016
UK (£)
FTSE 1007,367.600.1%3.1%14.4%
FTSE 25019,451.220.8%7.6%3.7%
FTSE All Share4,029.810.3%4.0%12.5%
FTSE Small Cap5,581.150.4%8.5%11.0%
St. James's Place1,196.000.1%20.3%3.9%
Europe (€)
Euro Stoxx 600382.990.2%6.0%-1.2%
DAX 3012,453.680.1%8.5%7.0%
CAC 405,180.100.1%6.5%4.9%
US (US$)
S&P 5002,432.540.1%8.7%9.5%
Dow Jones Ind21,478.170.0%8.7%13.4%
NASDAQ6,150.860.7%14.3%7.5%
Asia
Hang Seng25,483.68-0.2%15.8%0.4%
Nikkei 22519,983.49-0.5%4.5%1.8%
Australia 2005,764.300.0%1.7%7.0%
MSCI AC Asia Pacific154.190.4%14.2%2.3%
World (US$)
MSCI World (Developed)1,920.330.1%9.7%5.3%
MSCI AC World (Dev & Em)465.880.1%10.4%5.6%
MSCI Emerging Markets1,009.850.3%17.1%8.6%
MSCI AC World Value207.49-0.1%6.7%9.5%
MSCI AC World Growth246.590.3%14.4%1.8%
Fixed Income
FTSE Gilts All Stocks3,532.57-0.1%0.2%8.5%
FTSE Index Linked All Stocks626.64-0.6%-1.6%21.2%
ML Sterling Corporate Bonds391.95-0.1%2.8%10.7%
ML Global High Yield Bonds363.970.0%6.3%15.0%
Commodities (US$)
Brent Crude Oil47.79-3.7%-18.8%23.4%
Gold1,223.310.0%6.1%8.6%
UK Sectors
Basic Materials5,265.900.3%4.2%93.9%
Consumer Goods and Services22,047.740.7%12.0%9.6%
Financials5,161.630.3%8.0%8.6%
Health Care10,441.700.8%5.7%5.8%
Industrials4,029.810.3%4.0%15.4%
Oil & Gas7,568.03-1.2%-11.5%54.2%
Technology1,989.851.3%-0.6%33.4%
Telecommunications3,314.23-0.1%-1.9%-14.7%
Utilities8,193.80-0.3%-4.9%2.5%
Currencies
$ per £1.290.0%4.8%-16.3%
€ per £1.14-0.1%-2.9%-15.7%
¥ per £146.310.0%1.3%-22.7%
Indicators
VIX Index (Volatility)11.07-1.3%-21.2%-22.9%
Baltic Dry Index847.00-2.8%-11.9%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.30%
Consumer Price Index2.90%
Retail Price Index3.70%
Yields / Ratios
FTSE 100 Adj P/E24.67
FTSE All Share Adj P/E23.22
FTSE All Share Yld3.83%
15yr Gilt Yield1.63%
10yr Gilt Yield1.26%
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.

Contact

Bricknell Wealth Management

Gary Bricknell DipPFS Cert CII (MP)

Principal of Bricknell Wealth Management

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

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