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Investment Market Update

17 July 2017

World markets

FTSE 100 -0.5% 7378.39
FTSE 250 -0.1% 19408.36
Euro Stoxx 600 0.2% 386.84
S&P 500 0.5% 2459.27
Nikkei 0.0% 20118.86
Hang Seng (HK$) 0.6% 26553.71


Asian stocks excluding Japan rose to their highest in more than two years, tracking gains in the US on Friday. China reported better-than-expected second quarter gross domestic product figures.


US stocks closed higher despite declines in banking shares as investors reacted to the latest round of results in the sector.


UK stocks closed lower on Friday, with Royal Mail and house builders seeing some of the biggest falls, but the pound strengthened.


  • China's economy grew at an annual rate of 6.9% between April and June according to official figures, slightly higher than forecast. Beijing is trying to rein in debt and a housing bubble with tough measures on the property sector and lenders. Many analysts expected China's economy to slow as those policies kicked in but the latest data is well above Beijing's 6.5% growth target for 2017.
  • The final route of the Manchester and Leeds branches of HS2 will be announced later, including a decision over its path through Sheffield. Contracts worth £6.6bn will also be awarded for work on the first stretch of the new high speed rail line between London and Birmingham. The transport secretary said HS2 would "drive economic growth and productivity in the North and Midlands".

Market data

UK (£)
FTSE 1007,378.39-0.5%3.3%14.4%
FTSE 25019,408.36-0.1%7.4%3.7%
FTSE All Share4,033.51-0.4%4.1%12.5%
FTSE Small Cap5,598.650.0%8.9%11.0%
St. James's Place1,171.00-0.4%17.8%3.9%
Europe (€)
Euro Stoxx 600386.840.2%7.0%-1.2%
DAX 3012,631.72-0.1%10.0%7.0%
CAC 405,235.310.0%7.7%4.9%
US (US$)
S&P 5002,459.270.5%9.8%9.5%
Dow Jones Ind21,637.740.4%9.5%13.4%
Hang Seng26,553.710.6%20.7%0.4%
Nikkei 22520,118.860.0%5.3%1.8%
Australia 2005,762.400.0%1.7%7.0%
MSCI AC Asia Pacific157.440.8%16.6%2.3%
World (US$)
MSCI World (Developed)1,948.080.6%11.2%5.3%
MSCI AC World (Dev & Em)473.780.6%12.3%5.6%
MSCI Emerging Markets1,047.050.6%21.4%8.6%
MSCI AC World Value209.800.5%7.9%9.5%
MSCI AC World Growth252.200.7%17.0%1.8%
Fixed Income
FTSE Gilts All Stocks3,517.32-0.2%-0.2%8.5%
FTSE Index Linked All Stocks610.52-1.3%-4.1%21.2%
ML Sterling Corporate Bonds390.80-0.1%2.5%10.7%
ML Global High Yield Bonds365.680.2%6.8%15.0%
Commodities (US$)
Brent Crude Oil48.911.0%-16.9%23.4%
UK Sectors
Basic Materials5,412.020.8%7.1%93.9%
Consumer Goods and Services22,213.51-0.3%12.9%9.6%
Health Care10,211.36-0.3%3.4%5.8%
Oil & Gas7,555.43-0.5%-11.6%54.2%
$ per £1.29-1.3%4.7%-16.3%
€ per £1.13-0.7%-3.3%-15.7%
¥ per £146.44-0.6%1.3%-22.7%
VIX Index (Volatility)9.51-3.9%-32.3%-22.9%
Baltic Dry Index900.001.4%-6.3%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/E24.70
FTSE All Share Adj P/E23.24
FTSE All Share Yld3.82%
15yr Gilt Yield1.68%
10yr Gilt Yield1.31%
10yr US Tres Yield2.33%

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.


Rogers Wealth Management Ltd

Rogers Wealth Management Ltd

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

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