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Investment Market Update

01 November 2018

World markets

FTSE 100 1.3% 7128.10
FTSE 250 1.3% 18917.68
Euro Stoxx 600 1.7% 361.61
S&P 500 1.1% 2711.74
Nikkei -1.1% 21687.65
Hang Seng (HK$) 1.5% 25366.44


Asian stocks were mostly higher on Thursday as China’s leaders signalled more stimulus measures are being planned.


US stocks rose for the second straight session, easing the losses from a difficult month following good employment data and mostly solid earnings.


UK stocks rose for the third day, climbing 1.3%. The move was the biggest since rising 1.7% on September 21. Sterling rallied after Dominic Raab's suggestion that a Brexit deal could be clinched by the end of November.


  • The US has hit back against a UK plan to impose a new tax on sales by technology giants. US political leaders and business groups say the proposal would violate tax agreements by targeting US firms.
  • UK business leaders are sounding more optimistic after a meeting with the chancellor and the prime minister. The traditional post-Budget briefing for business was a more significant affair than usual this year.

Market data

UK (£)
FTSE 1007,128.101.3%-7.3%7.6%
FTSE 25018,917.681.3%-8.7%14.7%
FTSE All Share3,904.231.3%-7.5%9.0%
FTSE Small Cap5,439.730.5%-8.0%14.9%
St. James's Place1,013.502.0%-17.3%20.9%
Europe (€)
Euro Stoxx 600361.611.7%-7.1%7.7%
DAX 3011,447.511.4%-11.4%12.5%
CAC 405,093.442.3%-4.1%9.3%
US (US$)
S&P 5002,711.741.1%1.4%19.4%
Dow Jones Ind25,115.761.0%1.6%25.1%
Hang Seng25,366.441.5%-15.2%38.5%
Nikkei 22521,687.65-1.1%-4.7%19.1%
Australia 2005,840.800.2%-3.7%7.0%
MSCI AC Asia Pacific149.491.9%-14.0%28.7%
World (US$)
MSCI World (Developed)2,021.981.2%-3.9%20.1%
MSCI AC World (Dev & Em)484.571.3%-5.5%21.6%
MSCI Emerging Markets955.922.1%-17.5%34.2%
MSCI AC World Value206.660.8%-7.7%15.2%
MSCI AC World Growth267.271.9%-3.4%28.3%
Fixed Income
FTSE Gilts All Stocks3,574.48-0.4%-0.4%3.0%
FTSE Index Linked All Stocks648.93-0.8%0.2%2.3%
ML Sterling Corporate Bonds394.53-0.3%-1.6%5.7%
ML Global High Yield Bonds372.690.1%-1.2%9.7%
Commodities (US$)
Brent Crude Oil75.04-1.2%18.5%14.5%
UK Sectors
Basic Materials5,882.352.8%-6.9%25.0%
Consumer Goods and Services19,170.80-0.2%-14.3%13.6%
Health Care10,614.250.3%11.6%-3.7%
Oil & Gas9,400.983.2%3.8%6.0%
$ per £1.27-0.3%-5.9%9.5%
€ per £1.12-0.7%-0.5%-4.0%
¥ per £143.47-0.5%-5.8%5.3%
VIX Index (Volatility)21.23-9.1%92.3%-21.4%
Baltic Dry Index1,513.00-0.6%10.8%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.81%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.87
FTSE All Share Adj P/E10.92
FTSE All Share Yld4.40%
15yr Gilt Yield1.61%
10yr Gilt Yield1.44%
10yr US Tres Yield3.14%

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.

Some of the products and investment structures documented within this article will not be available to our clients in Asia. For information on the funds that are available please get in touch.


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