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Investment Market Update

05 December 2018

World markets

FTSE 100 -0.6% 7022.76
FTSE 250 -1.3% 18329.64
Euro Stoxx 600 -0.8% 358.43
S&P 500 -3.2% 2700.06
Nikkei -0.5% 21919.33
Hang Seng (HK$) -1.7% 26789.96


Asian stocks were down Wednesday, following an overnight plunge on Wall Street as investors worried about a potential economic slowdown and the state of the US-China trade war.


US stocks were down on Tuesday with the indices falling by more than 3 per cent, amid worries over inverted yield curve signalling a possible economic slowdown. The US leading builder reported its first fall in quarterly orders in more than four years, hit by rising interest rates and higher home prices.


UK stocks were down on Tuesday, due to doubts surrounding the US-China trade truce and a rising pound which dragged on its exporter-heavy constituents.


  • Takeda Pharmaceutical has secured shareholder approval for a £46bn ($59bn) takeover of UK-listed drugmaker Shire, clearing the way for Japan's largest ever corporate acquisition. The takeover would make Takeda one of the world's top 10 drugmakers.
  • Thomas Cook's shares continued to fall on Tuesday and have now plunged by nearly 60% in eight days. The travel company's bonds also dropped in value and the cost of insuring its debt against defaulting on payments reached a record high. Concerns over its borrowings rose last week when it issued a second profit warning in two months and said profits would be £30m lower than expected.

Market data

UK (£)
FTSE 1007,022.76-0.6%-8.7%7.6%
FTSE 25018,329.64-1.3%-11.6%14.7%
FTSE All Share3,837.07-0.7%-9.1%9.0%
FTSE Small Cap5,372.13-0.7%-9.1%14.9%
St. James's Place1,028.00-0.7%-16.2%20.9%
Europe (€)
Euro Stoxx 600358.43-0.8%-7.9%7.7%
DAX 3011,335.32-1.1%-12.2%12.5%
CAC 405,012.66-0.8%-5.6%9.3%
US (US$)
S&P 5002,700.06-3.2%1.0%19.4%
Dow Jones Ind25,027.07-3.1%1.2%25.1%
Hang Seng26,789.96-1.7%-10.5%38.5%
Nikkei 22521,919.33-0.5%-3.7%19.1%
Australia 2005,668.35-0.8%-6.5%7.0%
MSCI AC Asia Pacific155.19-0.9%-10.7%28.7%
World (US$)
MSCI World (Developed)2,016.89-2.4%-4.1%20.1%
MSCI AC World (Dev & Em)486.73-2.2%-5.1%21.6%
MSCI Emerging Markets1,014.25-0.3%-12.4%34.2%
MSCI AC World Value207.88-1.9%-7.2%15.2%
MSCI AC World Growth268.08-2.4%-3.1%28.3%
Fixed Income
FTSE Gilts All Stocks3,580.230.8%-0.2%3.0%
FTSE Index Linked All Stocks648.792.0%0.2%2.3%
ML Sterling Corporate Bonds388.880.2%-3.0%5.7%
ML Global High Yield Bonds370.10-0.1%-1.9%9.7%
Commodities (US$)
Brent Crude Oil62.080.6%-1.4%14.5%
UK Sectors
Basic Materials5,771.80-0.3%-8.6%25.0%
Consumer Goods and Services18,291.81-0.2%-18.2%13.6%
Health Care10,764.150.5%13.1%-3.7%
Oil & Gas8,977.980.3%-0.9%6.0%
$ per £1.270.2%-5.7%9.5%
€ per £1.120.1%-0.3%-4.0%
¥ per £144.771.0%-4.9%5.3%
VIX Index (Volatility)20.7426.2%87.9%-21.4%
Baltic Dry Index1,237.002.8%-9.4%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.90%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.67
FTSE All Share Adj P/E11.62
FTSE All Share Yld4.52%
15yr Gilt Yield1.51%
10yr Gilt Yield1.28%
10yr US Tres Yield2.91%

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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