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Investment Market Update

08 October 2018

World markets

FTSE 100 -1.3% 7318.54
FTSE 250 -0.8% 19918.03
Euro Stoxx 600 -0.9% 376.41
S&P 500 -0.6% 2885.57
Nikkei 0.0% 23783.72
Hang Seng (HK$) -0.7% 26382.92


Asian stocks declined Monday after China injected extra money into its cooling economy by reducing bank reserve levels. Economists say the change would free up some 1.2 trillion yuan ($175 billion) for additional lending.


US stocks closed sharply lower Friday as worries about rising interest rates overshadowed the September jobs report, which pointed to strength in the labor market and the broader economy.


UK stocks closed firmly in the red Friday as sterling gained,mining firms were the worst hit, although technically the trigger for the fall came from a decline in copper prices.


  • Facebook paid £15.7m in tax in the UK last year, which is triple the amount it paid in the previous year. In 2016, Facebook's tax bill rose to £5.1m, following a major overhaul of the social media firm's tax structure. However, the company's profits only climbed by £4m year-on-year from £58.4m to £62.7m in 2017.
  • The controversy surrounding the Italian government's spending plans has led to continued nervousness on the financial markets. The budget set out by the country's coalition government last month - which involves greater spending than previously planned had already sent Italian share prices lower and knocked the value of the euro.

Market data

UK (£)
FTSE 1007,318.54-1.3%-4.8%7.6%
FTSE 25019,918.03-0.8%-3.9%14.7%
FTSE All Share4,028.19-1.2%-4.6%9.0%
FTSE Small Cap5,729.34-0.4%-3.1%14.9%
St. James's Place1,126.50-1.2%-8.1%20.9%
Europe (€)
Euro Stoxx 600376.41-0.9%-3.3%7.7%
DAX 3012,111.90-1.1%-6.2%12.5%
CAC 405,359.36-1.0%0.9%9.3%
US (US$)
S&P 5002,885.57-0.6%7.9%19.4%
Dow Jones Ind26,447.05-0.7%7.0%25.1%
Hang Seng26,382.92-0.7%-11.8%38.5%
Nikkei 22523,783.720.0%4.5%19.1%
Australia 2006,100.31-1.4%0.6%7.0%
MSCI AC Asia Pacific159.65-0.7%-8.1%28.7%
World (US$)
MSCI World (Developed)2,151.42-0.6%2.3%20.1%
MSCI AC World (Dev & Em)514.69-0.7%0.3%21.6%
MSCI Emerging Markets1,000.76-1.0%-13.6%34.2%
MSCI AC World Value217.19-0.5%-3.1%15.2%
MSCI AC World Growth286.84-0.9%3.6%28.3%
Fixed Income
FTSE Gilts All Stocks3,496.31-0.5%-2.6%3.0%
FTSE Index Linked All Stocks622.28-1.1%-3.9%2.3%
ML Sterling Corporate Bonds389.91-0.3%-2.7%5.7%
ML Global High Yield Bonds377.55-0.1%0.0%9.7%
Commodities (US$)
Brent Crude Oil84.16-0.5%32.2%14.5%
UK Sectors
Basic Materials5,984.88-3.2%-5.3%25.0%
Consumer Goods and Services19,400.67-0.6%-13.2%13.6%
Health Care10,531.07-1.7%10.7%-3.7%
Oil & Gas9,749.73-2.0%7.6%6.0%
$ per £1.30-0.8%-3.7%9.5%
€ per £1.13-0.7%0.4%-4.0%
¥ per £148.05-0.8%-2.7%5.3%
VIX Index (Volatility)14.824.2%34.2%-21.4%
Baltic Dry Index1,536.00-1.2%12.4%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.80%
Consumer Price Index2.70%
Retail Price Index3.50%
Yields / Ratios
FTSE 100 Adj P/E12.27
FTSE All Share Adj P/E12.29
FTSE All Share Yld4.21%
15yr Gilt Yield1.86%
10yr Gilt Yield1.72%
10yr US Tres Yield3.23%

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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