Daily News – 8 March 2018
Investment Market Update
Asia
Asian stocks advanced as worries surrounding a trade war dissipated. Equities rose from Tokyo to Sydney, with shares in Hong Kong outperforming.
US
US stocks bounced from a drop of more than 1% as investors digested the departure of pro-trade adviser Gary Cohn from Donald Trump’s administration.
UK
UK stocks closed slightly higher amid uncertainty over the immediate future of global trade. Rolls Royce gained 11% after announcing solid results to the market.
Headlines
The European Union rejected the UK’s bid to keep access to parts of the single market, particularly for the banks, and said the bloc didn’t share Theresa May’s goal of making a success of Brexit.
The Trump administration will initially exclude Canada and Mexico from stiff tariffs on steel and aluminum imports, an exemption they would lose if they fail to reach an updated Nafta agreement with the US, White House trade adviser Peter Navarro said on Wednesday.
Market data
| Price | 1d | YTD | 2017 | |
| UK (£) | ||||
| FTSE 100 | 7,157.84 | 0.20% | -6.90% | 7.60% |
| FTSE 250 | 19,774.17 | 0.40% | -4.60% | 14.70% |
| FTSE All Share | 3,952.80 | 0.20% | -6.40% | 9.00% |
| FTSE Small Cap | 5,736.02 | -0.40% | -3.00% | 14.90% |
| Europe (€) | ||||
| Euro Stoxx 600 | 372.71 | 0.40% | -4.20% | 7.70% |
| DAX 30 | 12,245.36 | 1.10% | -5.20% | 12.50% |
| CAC 40 | 5,187.83 | 0.30% | -2.30% | 9.30% |
| US (US$) | ||||
| S&P 500 | 2,726.80 | 0.00% | 2.00% | 19.40% |
| Dow Jones Ind | 24,801.36 | -0.30% | 0.30% | 25.10% |
| NASDAQ | 7,396.65 | 0.30% | 7.10% | 28.20% |
| Asia | ||||
| Hang Seng | 30,627.44 | 1.40% | 2.40% | 38.50% |
| Nikkei 225 | 21,368.07 | 0.50% | -6.10% | 19.10% |
| Australia 200 | 5,942.87 | 0.70% | -2.00% | 7.00% |
| MSCI AC Asia Pacific | 173.889 | -0.60% | 0.00% | 28.70% |
| World (US$) | ||||
| MSCI World (Developed) | 2,115.98 | -0.10% | 0.60% | 20.10% |
| MSCI AC World (Dev & Em) | 517.331 | -0.10% | 0.80% | 21.60% |
| MSCI Emerging Markets | 1,189.20 | -0.40% | 2.70% | 34.20% |
| MSCI AC World Value | 221.214 | -0.30% | -1.30% | 15.20% |
| MSCI AC World Growth | 284.813 | 0.10% | 2.90% | 28.30% |
| Fixed Income | ||||
| FTSE Gilts All Stocks | 3,527.79 | 0.30% | -1.70% | 3.00% |
| FTSE Index Linked All Stocks | 628.58 | 0.10% | -3.00% | 2.30% |
| ML Sterling Corporate Bonds | 393.04 | 0.20% | -1.90% | 5.70% |
| ML Global High Yield Bonds | 378.22 | -0.10% | 0.20% | 9.70% |
| Commodities (US$) | ||||
| Brent Crude Oil | 64.34 | -2.20% | -2.60% | 14.50% |
| Gold | 1,325.86 | -0.50% | 1.50% | 11.80% |
| UK Sectors | ||||
| Basic Materials | 6,103.90 | -0.40% | -3.40% | 25.00% |
| Consumer Goods and Services | 19,443.79 | 0.10% | -13.00% | 13.60% |
| Financials | 5,203.96 | 0.40% | -3.90% | 13.30% |
| Health Care | 8,969.73 | -0.20% | -5.70% | -3.70% |
| Industrials | 3,952.80 | 0.20% | -6.40% | 9.00% |
| Oil & Gas | 8,247.06 | -0.70% | -9.00% | 6.00% |
| Technology | 2,087.96 | 0.20% | -9.30% | 23.50% |
| Telecommunications | 2,961.50 | 0.30% | -12.50% | 0.10% |
| Utilities | 6,620.55 | 1.90% | -9.70% | -14.80% |
| Currencies | ||||
| $ per £ | 1.3879 | -0.10% | 2.70% | 9.50% |
| € per £ | 1.1199 | 0.00% | -0.50% | -4.00% |
| ¥ per £ | 147.41901 | 0.20% | -3.20% | 5.30% |
| Indicators | ||||
| VIX Index (Volatility) | 17.76 | -3.30% | 60.90% | -21.40% |
| Baltic Dry Index | 1,191.00 | -1.70% | -12.80% | 42.14% |