FTSE 100 Dec '18 (XZ18)
|Contract||FTSE 100 Index Futures|
|Tick Size||0.5 points (GBP 5.00 per contract)|
|Contract Size||GBP 10 times Index|
|Trading Months||Mar, Jun, Sep, Dec (H, M, U, Z)|
|Trading Hours||8:00a.m. - 9:00p.m. GMT|
|Value of One Futures Unit||GBP 10|
|Value of One Options Unit||GBP 10|
|Last Trading Day||Third Friday in delivery month|
World stocks - World stock markets in 2017 closed mostly higher. The MSCI World Index, a benchmark for large companies based in 23 developed countries, closed sharply higher by +20.1% in 2017, adding to the +5.3% gain seen in 2016. World stocks in 2017 saw support from an improved global economy and from continued stimulative monetary policies from central banks in the industrialized world.
Small-Capitalization Stocks - The MSCI World Small-Cap Index, which tracks companies with market caps between $200 million and $1.5 billion, rose by +20.9%, adding to the 2016 gain of +10.9%. The +20.9% gain in the MSCI World Small-Cap Index in 2017 was 0.8 percentage points better than the +20.1% gain in the large-cap MSCI World Index. Small caps in 2017 out-performed large caps for the third consecutive year.
World Industry Groups - The MSCI industry sectors in 2017 produced the following ranked annual returns: Info Technology +36.9%, Materials +26.4%, Industrials +23.2%, Consumer Discretionary +21.9%, Financials +19.9%, Health Care +18.0%, Consumer Staples +14.6%, Utilities +10.6%, Telecom +2.3%, Energy +2.1%.
All of the 10 industry groups showed increases in 2017 as the world stock markets were generally strong. The Info Technology sector was the strongest sector with a +36.9% gain as tech companies continue to innovate and grow revenues and profits. The Materials (+26.4%) and Industrials (+23.2%) sectors did well due to strong metals prices and a generally strong global manufacturing sector. World consumer spending was strong and that led to solid gains for Consumer Discretionary (+21.9%) and Consumer Staples (+14.6%). Utilities (+10.6%) had a good year, while Telecom eked out a gain of just +2.3%. The Energy sector (+2.1%) showed only a small gain after the sharp +22.8% gain seen in 2016.
Emerging markets - The MSCI Emerging Markets Free Index, which tracks companies based in 26 emerging countries, rose sharply by +34.3% in 2017, adding to the +8.6% gain seen in 2016. The emerging markets rallied in 2017 as the global economy improved and investors felt more confident about moving into the riskier emerging markets.
G7 - The G7 stock markets in 2017 were strong and all of the countries showed gains. The U.S. S&P 500 index showed the largest gain of +19.4% as the stock market anticipated the big corporate tax cut that was finally passed at the end of the year. Japan's Nikkei index had the second largest gain (+19.1%) as the Japanese economy gained strength and as the Bank of Japan kept its quantitative easing program in place. Canada's Toronto Composite Index showed a decent gain of +6.0% with help from a firm economy and higher crude oil prices. The UK FTSE 100 index rose by +7.6% despite the rocky progress of Brexit negotiations. The Eurozone countries all showed gains on the improved Eurozone economy and the continued easy monetary policy from the European Central Bank. In the Eurozone, Italy's MIB index rose by +13.6%, the German Dax index rose by +12.5%, and the French CAC-40 index rose by +9.3%.
North America - In North America, the U.S. S&P 500 index in 2017 showed the largest gain of +19.4% due to the corporate tax cut that was passed at the end of the year. Mexico's Bolsa index rose by +8.1% despite ongoing concerns about the Trump administration's demand for a renegotiation of the NAFTA treaty. Canada's Toronto Composite index put in a solid year with a gain of +6.0%.
Latin America - The Latin American stock markets in 2017 closed higher nearly across the board except for Venezuela, which closed lower on political and economic turmoil. The ranked returns are as follows: Argentina's Merval Index +77.7%, Jamaica's Stock Exchange Index +50.0%, Chile's Stock Market Select Index +34.0%, Peru's Lima General Index +28.3%, Brazil's Bovespa Index +26.9%, Ecuador's Guayaqui Bolsa Index +23.4%, Columbia's General Index +13.6%, and Venezuela's Stock Market Index -96.0%.
Europe - European stocks in 2017 performed well due to the improved European economy and a continued easy monetary policy from the European Central Bank. The Euro Stoxx 50 index rose by +5.6%, more than reversing the 2016 decline of -2.9%. The ranked returns in 2017 were as follows: Italian MIB index +13.6%, German DAX index +12.5%, French CAC 40 index +9.3%, UK FTSE 100 index +7.6%, and Spanish IBEX 35 index +7.4%.
Asia - The Asian stock markets in 2017 nearly all closed higher. The MSCI Far East Index in 2017 rose sharply by +26.2%, which was the third straight annual gain. The ranked closes for the Asian stock markets in 2017 were as follows: Vietnam's Stock Index +48.0%, Hong Kong's Hang Seng +36.0%, India's Mumbai Sensex 30 index +27.9%, Philippines' Composite index +25.1%, New Zealand's Exchange 50 Index +22.0%, South Korea's Composite Index +21.8%, Indonesia's Jakarta Composite Index +20.0%, Japan's Nikkei 225 Index +19.1%, Singapore's Straights Times Index +18.1%, Taiwan's TAIEX Index +15.0%, Thailand's Stock Exchange index +13.7%, Malaysia's Kuala Lumpur Composite index +9.4%, Australia's All-Ordinaries Index +7.8%, China's Shanghai Composite Index +6.6%, and Pakistan's 100 Index -15.3%.
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