Andrew J. Spillane Wealth Management Ltd

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Investment Market Update

12 December 2017

World markets

FTSE 100 0.8% 7453.48
FTSE 250 0.4% 20064.62
Euro Stoxx 600 -0.1% 389.05
S&P 500 0.3% 2659.99
Nikkei -0.3% 22866.17
Hang Seng (HK$) -0.6% 28799.28


Shares were mostly lower in Asia on Tuesday as investors stepped back after several days of advances, erasing early gains. Markets are awaiting the Federal Reserve meeting on Wednesday and the outcome of a major Chinese planning conference.


US stocks closed higher on Monday, helped by the technology and energy sectors as oil prices rose and investors waited for an expected US Federal Reserve rate hike later in the week.


UK stocks closed higher on Monday, as a weaker pound, rising oil prices and growing confidence in the financial sector helped pushed shares higher and well ahead of their European peers.


  • International Trade Secretary Liam Fox said the UK would like a trading relationship with the European Union after it leaves the bloc that’s “virtually identical” to the one it has now. A trade deal similar to the current arrangements would ensure a smooth transition period, Fox said.
  • One of the UK's most important oil pipelines is being closed after a crack was discovered in Aberdeenshire. The Forties pipeline carries crude North Sea oil across land for processing at Grangemouth. The crack was discovered last week at Red Moss near Netherley. The pipeline's owner Ineos said on Monday that, despite pressure being reduced, the crack had extended. The Forties pipeline carries about 40% of North Sea crude oil.

Market data

UK (£)
FTSE 1007,453.480.8%4.3%14.4%
FTSE 25020,064.620.4%11.0%3.7%
FTSE All Share4,092.590.7%5.7%12.5%
FTSE Small Cap5,747.330.2%11.7%11.0%
St. James's Place1,162.000.4%14.6%3.9%
Europe (€)
Euro Stoxx 600389.05-0.1%7.6%-1.2%
DAX 3013,123.65-0.2%14.3%7.0%
CAC 405,386.83-0.2%10.8%4.9%
US (US$)
S&P 5002,659.990.3%18.8%9.5%
Dow Jones Ind24,386.030.2%23.4%13.4%
Hang Seng28,799.28-0.6%30.9%0.4%
Nikkei 22522,866.17-0.3%19.6%1.8%
Australia 2006,013.200.2%6.1%7.0%
MSCI AC Asia Pacific170.440.8%26.2%2.3%
World (US$)
MSCI World (Developed)2,081.240.4%18.8%5.3%
MSCI AC World (Dev & Em)506.230.4%20.0%5.6%
MSCI Emerging Markets1,119.970.8%29.9%8.6%
MSCI AC World Value220.900.4%13.6%9.5%
MSCI AC World Growth273.320.4%26.8%1.8%
Fixed Income
FTSE Gilts All Stocks3,577.520.7%1.5%8.5%
FTSE Index Linked All Stocks645.110.9%1.3%21.2%
ML Sterling Corporate Bonds398.630.6%4.6%10.7%
ML Global High Yield Bonds375.680.1%9.7%15.0%
Commodities (US$)
Brent Crude Oil64.692.0%10.4%23.4%
UK Sectors
Basic Materials5,732.991.7%13.5%93.9%
Consumer Goods and Services22,037.240.5%12.0%9.6%
Health Care9,211.621.4%-6.7%5.8%
Oil & Gas8,689.571.2%1.7%54.2%
$ per £1.340.3%8.5%-16.3%
€ per £1.140.5%-3.0%-15.7%
¥ per £152.030.4%5.2%-22.7%
VIX Index (Volatility)9.34-2.5%-33.5%-22.9%
Baltic Dry Index1,727.001.5%79.7%101.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.52%
Consumer Price Index3.00%
Retail Price Index4.00%
Yields / Ratios
FTSE 100 Adj P/E20.08
FTSE All Share Adj P/E19.56
FTSE All Share Yld3.78%
15yr Gilt Yield1.53%
10yr Gilt Yield1.20%
10yr US Tres Yield2.39%

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.


Andrew J. Spillane Wealth Management Ltd

Andrew J. Spillane Wealth Management Ltd

Partner Practice of St. James's Place Wealth Management

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