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Investment Market Update

18 January 2018

World markets

FTSE 100 -0.4% 7725.43
FTSE 250 -0.5% 20769.36
Euro Stoxx 600 -0.1% 397.97
S&P 500 0.9% 2802.56
Nikkei -0.4% 23763.37
Hang Seng (HK$) 0.3% 32090.01

asia

Asian stocks were mixed as investors took stock of the stellar gains seen since the start of the year. Shares in Hong Kong added to their 2018 surge, though benchmarks were down in Japan.

us

US stocks rallied to new records with technology shares leading the charge. The Dow Jones Industrial Average hit 26,000 points for the first time.

uk

UK stocks closed lower, as Informa, which has made a bid for rival UBM, dipped 5.8% as investors reacted negatively to the terms of the proposed tie-up.


Headlines

  • Bosses and directors of Carillion will not get bonuses or severance payments, the government has said. The Insolvency Service said no such payments had been made since the construction firm collapsed on Monday. The announcement comes as work on Carillion's public sector construction sites is paused pending decisions about their future.
     
  • Apple will pay about $38bn in tax on the roughly $250bn cash pile it holds outside the US following recent changes to American tax rules. The sum is expected to be the biggest payment under the reforms, which slash the US corporate tax rate. The tech giant also plans to build a new campus and create 20,000 new jobs in the US.

Market data

Price1dYTD2017
UK (£)
FTSE 1007,725.43-0.4%0.5%7.6%
FTSE 25020,769.36-0.5%0.2%14.7%
FTSE All Share4,242.35-0.4%0.5%9.0%
FTSE Small Cap6,008.69-0.5%1.6%14.9%
St. James's Place1,252.500.5%2.2%20.9%
Europe (€)
Euro Stoxx 600397.97-0.1%2.3%7.7%
DAX 3013,183.96-0.5%2.1%12.5%
CAC 405,493.99-0.4%3.4%9.3%
US (US$)
S&P 5002,802.560.9%4.8%19.4%
Dow Jones Ind26,115.651.3%5.6%25.1%
NASDAQ7,298.281.0%5.7%28.2%
Asia
Hang Seng32,090.010.3%7.3%38.5%
Nikkei 22523,763.37-0.4%4.4%19.1%
Australia 2006,014.570.0%-0.8%7.0%
MSCI AC Asia Pacific182.780.0%5.2%28.7%
World (US$)
MSCI World (Developed)2,199.930.5%4.6%20.1%
MSCI AC World (Dev & Em)537.140.5%4.7%21.6%
MSCI Emerging Markets1,222.620.4%5.5%34.2%
MSCI AC World Value233.590.4%4.3%15.2%
MSCI AC World Growth290.960.6%5.1%28.3%
Fixed Income
FTSE Gilts All Stocks3,565.100.1%-0.7%3.0%
FTSE Index Linked All Stocks643.630.3%-0.6%2.3%
ML Sterling Corporate Bonds401.280.1%0.1%5.7%
ML Global High Yield Bonds381.670.0%1.1%9.7%
Commodities (US$)
Brent Crude Oil69.380.3%3.8%14.5%
Gold1,336.000.1%2.3%11.8%
UK Sectors
Basic Materials6,541.59-0.5%3.6%25.0%
Consumer Goods and Services21,996.48-0.4%-1.6%13.6%
Financials5,503.240.0%1.6%13.3%
Health Care9,302.86-0.6%-2.2%-3.7%
Industrials4,242.35-0.4%0.5%9.0%
Oil & Gas9,162.17-0.7%1.1%6.0%
Technology2,206.32-1.5%-4.2%23.5%
Telecommunications3,300.83-1.6%-2.4%0.1%
Utilities7,184.780.1%-2.0%-14.8%
Currencies
$ per £1.38-0.6%1.9%9.5%
€ per £1.12-0.5%-0.1%-4.0%
¥ per £152.51-0.6%0.2%5.3%
Indicators
VIX Index (Volatility)11.912.1%7.9%-21.4%
Baltic Dry Index1,164.00-4.7%-14.8%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.52%
Consumer Price Index3.00%
Retail Price Index4.10%
Yields / Ratios
FTSE 100 Adj P/E20.91
FTSE All Share Adj P/E20.29
FTSE All Share Yld3.78%
15yr Gilt Yield1.59%
10yr Gilt Yield1.31%
10yr US Tres Yield2.59%

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.

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Adamson Ross Wealth Management

Adamson Ross Wealth Management

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

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