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Investment Market Update

22 March 2018

World markets

FTSE 100 -0.3% 7038.97
FTSE 250 -0.3% 19668.04
Euro Stoxx 600 -0.2% 374.96
S&P 500 -0.2% 2711.93
Nikkei 1.0% 21591.99
Hang Seng (HK$) -0.7% 31200.48

asia

Asian markets were mixed on Thursday after the Federal Reserve increased interest rates by 25 basis points, as had been widely expected.

us

US stocks finished lower on Wednesday after the Federal Reserve increased interest rates and pointed to a stronger US growth outlook following tax cuts. US stocks initially rallied on the announcement, which suggested no plans to immediately accelerate the pace of tightening monetary policy.

uk

UK stocks fell on Wednesday as Kingfisher and Moss Bros piled more bad news on the UK retail industry. Share declines accelerated after data showed British workers’ pay had risen at the fastest pace in nearly two and a half years pushing up the value of sterling and hitting shares in big multinationals and exporters.


Headlines

  • Facebook founder Mark Zuckerberg has admitted that the social network "made mistakes" that led to millions of Facebook users having their data exploited by a political consultancy. Cambridge Analytica is accused of improperly using the data on behalf of political clients. In a statement, Mr Zuckerberg said a "breach of trust" had occurred.
     
  • The Trump administration plans to announce sanctions against China on Thursday after determining that the country is encouraging the theft and transfer of intellectual property from US businesses. The White House said the actions come after years of talks about the issue that failed to produce change. The actions are expected to include tariffs, as well as other measures.

Market data

Price1dYTD2017
UK (£)
FTSE 1007,038.97-0.3%-8.4%7.6%
FTSE 25019,668.04-0.3%-5.1%14.7%
FTSE All Share3,895.31-0.3%-7.7%9.0%
FTSE Small Cap5,670.22-0.5%-4.1%14.9%
St. James's Place1,124.50-0.9%-8.3%20.9%
Europe (€)
Euro Stoxx 600374.96-0.2%-3.7%7.7%
DAX 3012,309.150.0%-4.7%12.5%
CAC 405,239.74-0.2%-1.4%9.3%
US (US$)
S&P 5002,711.93-0.2%1.4%19.4%
Dow Jones Ind24,682.31-0.2%-0.1%25.1%
NASDAQ7,345.29-0.3%6.4%28.2%
Asia
Hang Seng31,200.48-0.7%4.3%38.5%
Nikkei 22521,591.991.0%-5.2%19.1%
Australia 2005,937.15-0.2%-2.1%7.0%
MSCI AC Asia Pacific176.52-0.1%1.6%28.7%
World (US$)
MSCI World (Developed)2,109.18-0.1%0.3%20.1%
MSCI AC World (Dev & Em)516.95-0.1%0.8%21.6%
MSCI Emerging Markets1,209.620.0%4.4%34.2%
MSCI AC World Value220.410.1%-1.6%15.2%
MSCI AC World Growth285.38-0.2%3.1%28.3%
Fixed Income
FTSE Gilts All Stocks3,551.40-0.3%-1.0%3.0%
FTSE Index Linked All Stocks634.24-0.3%-2.1%2.3%
ML Sterling Corporate Bonds392.00-0.3%-2.2%5.7%
ML Global High Yield Bonds376.850.0%-0.1%9.7%
Commodities (US$)
Brent Crude Oil69.473.0%5.1%14.5%
Gold1,323.810.9%1.3%11.8%
UK Sectors
Basic Materials6,100.831.3%-3.4%25.0%
Consumer Goods and Services18,768.68-1.4%-16.1%13.6%
Financials5,212.12-0.6%-3.7%13.3%
Health Care8,930.02-0.2%-6.1%-3.7%
Industrials3,895.31-0.3%-7.7%9.0%
Oil & Gas8,158.671.4%-9.9%6.0%
Technology1,692.34-0.6%-26.5%23.5%
Telecommunications2,813.48-0.2%-16.8%0.1%
Utilities6,445.940.1%-12.1%-14.8%
Currencies
$ per £1.40-0.5%3.7%9.5%
€ per £1.14-0.3%1.5%-4.0%
¥ per £149.04-0.3%-2.1%5.3%
Indicators
VIX Index (Volatility)17.86-1.9%61.8%-21.4%
Baltic Dry Index1,122.00-1.2%-17.9%42.1%
UK Rates
BoE Base Rate0.50%
LIBOR (3 months)0.62%
Consumer Price Index2.70%
Retail Price Index3.60%
Yields / Ratios
FTSE 100 Adj P/E12.55
FTSE All Share Adj P/E12.94
FTSE All Share Yld4.22%
15yr Gilt Yield1.73%
10yr Gilt Yield1.53%
10yr US Tres Yield2.88%

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.

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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