Matthew Newton Wealth Management Ltd

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


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Investment Market Update

11 May 2017

World markets

FTSE 100 0.6% 7385.24
FTSE 250 0.3% 19876.81
Euro Stoxx 600 0.2% 396.45
S&P 500 0.1% 2399.63
Nikkei 0.4% 19980.22
Hang Seng (HK$) 0.4% 25110.79


Asian stocks advanced as benchmark indexes traded near multi-year highs and a rebound in oil boosted energy producers. The New Zealand dollar declined after the nation’s central bank said it will keep rates at a record low for an extended period.


US stocks shrugged off morning declines, closing Wednesday mixed after the abrupt firing of FBI director James Comey signalled more political upheaval to Washington. Gains in energy and tech stocks helped lead the rebound and propelled the Nasdaq index to a new high of 6,129.14.


UK stocks ended the day 0.6% higher. Barratt Developments ended 2.2% higher after the housebuilder said annual profit would be at the top end of forecasts. The builder has been boosted by rising house prices and government schemes to help people get on the housing ladder. 


  • Three months ago, Mark Carney found some additional slack in the economy, giving the Bank of England more leeway to keep a dovish stance on policy even as it raised forecasts for both growth and inflation. Now, in the latest quarterly Inflation Report, he can point to more concrete reasons for caution, including a first-quarter slowdown in economic growth and the pressure on consumers from rising prices.
  • Barclays Plc’s Jes Staley said he needs another six to 18 months before the bank can generate an acceptable return for investors, while warning the firm’s ability to cut costs further is limited by the need to upgrade its aging technology systems.“The group’s statutory return on equity is 9%, and we want to get that to 11% - I think we have a very good chance of doing that within the next 6 to 18 months,” the chief executive officer said. 

Market data

UK (£)
FTSE 1007,385.240.6%3.4%14.4%
FTSE 25019,876.810.3%10.0%3.7%
FTSE All Share4,053.080.5%4.6%12.5%
FTSE Small Cap5,621.450.6%9.3%11.0%
St. James's Place1,172.00-0.2%17.9%3.9%
Europe (€)
Euro Stoxx 600396.450.2%9.7%-1.2%
DAX 3012,757.460.1%11.1%7.0%
CAC 405,400.460.0%11.1%4.9%
US (US$)
S&P 5002,399.630.1%7.2%9.5%
Dow Jones Ind20,943.11-0.2%6.0%13.4%
Hang Seng25,110.790.4%14.1%0.4%
Nikkei 22519,980.220.4%4.5%1.8%
Australia 2005,873.600.0%3.7%7.0%
MSCI AC Asia Pacific150.240.3%11.3%2.3%
World (US$)
MSCI World (Developed)1,895.930.1%8.3%5.3%
MSCI AC World (Dev & Em)459.860.2%9.0%5.6%
MSCI Emerging Markets995.090.5%15.4%8.6%
MSCI AC World Value204.460.2%5.2%9.5%
MSCI AC World Growth243.810.1%13.1%1.8%
Fixed Income
FTSE Gilts All Stocks3,556.470.4%0.9%8.5%
FTSE Index Linked All Stocks647.341.3%1.7%21.2%
ML Sterling Corporate Bonds390.990.3%2.6%10.7%
ML Global High Yield Bonds359.080.1%4.8%15.0%
Commodities (US$)
Brent Crude Oil50.223.1%-14.4%23.4%
UK Sectors
Basic Materials5,017.310.5%-0.7%93.9%
Consumer Goods and Services22,211.860.3%12.8%9.6%
Health Care10,352.980.6%4.8%5.8%
Oil & Gas7,870.251.1%-7.9%54.2%
$ per £1.290.0%4.9%-16.3%
€ per £1.19-0.2%1.3%-15.7%
¥ per £147.820.1%2.3%-22.7%
VIX Index (Volatility)10.212.5%-27.3%-22.9%
Baltic Dry Index1,005.00-0.2%4.6%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/E24.77
FTSE All Share Adj P/E23.52
FTSE All Share Yld3.81%
15yr Gilt Yield1.56%
10yr Gilt Yield1.17%
10yr US Tres Yield2.41%

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.


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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