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Investment Market Update

08 November 2018

World markets

FTSE 100 1.1% 7117.28
FTSE 250 0.5% 19147.22
Euro Stoxx 600 1.1% 366.39
S&P 500 2.1% 2813.89
Nikkei 1.8% 22486.92
Hang Seng (HK$) 0.5% 26269.14


Asian stocks rose to a one-month peak, after investors drove a Wall Street rally on relief the US midterm elections delivered no major political surprises.


US stocks rose, following the midterm elections in which Democrats captured control of the House and Republicans expanded their Senate majority.


UK stocks joined a rally in global equities on Wednesday as results of US midterm elections came largely in line with expectations.


  • Cabinet ministers have been invited to read the UK's draft deal with the EU although it's not yet complete. Theresa May has said the withdrawal deal is 95% done - but there is no agreement yet on how to guarantee no hard border in Northern Ireland.
  • Japan's Toshiba is set to wind up NuGen, its UK-based nuclear arm, after efforts to offload the failed business. Toshiba's move will put a dent in the UK's plans to develop new nuclear power stations as it continues efforts to move to a low carbon economy.

Market data

UK (£)
FTSE 1007,117.281.1%-7.4%7.6%
FTSE 25019,147.220.5%-7.6%14.7%
FTSE All Share3,909.121.0%-7.4%9.0%
FTSE Small Cap5,528.701.0%-6.5%14.9%
St. James's Place1,034.001.1%-15.7%20.9%
Europe (€)
Euro Stoxx 600366.391.1%-5.9%7.7%
DAX 3011,579.100.8%-10.4%12.5%
CAC 405,137.941.2%-3.3%9.3%
US (US$)
S&P 5002,813.892.1%5.2%19.4%
Dow Jones Ind26,180.302.1%5.9%25.1%
Hang Seng26,269.140.5%-12.2%38.5%
Nikkei 22522,486.921.8%-1.2%19.1%
Australia 2005,928.240.5%-2.3%7.0%
MSCI AC Asia Pacific153.090.2%-11.9%28.7%
World (US$)
MSCI World (Developed)2,084.451.6%-0.9%20.1%
MSCI AC World (Dev & Em)500.231.5%-2.5%21.6%
MSCI Emerging Markets997.920.6%-13.9%34.2%
MSCI AC World Value212.901.2%-5.0%15.2%
MSCI AC World Growth276.461.9%-0.1%28.3%
Fixed Income
FTSE Gilts All Stocks3,541.95-0.1%-1.3%3.0%
FTSE Index Linked All Stocks638.70-0.1%-1.4%2.3%
ML Sterling Corporate Bonds392.840.0%-2.0%5.7%
ML Global High Yield Bonds375.960.3%-0.4%9.7%
Commodities (US$)
Brent Crude Oil72.07-0.1%13.8%14.5%
UK Sectors
Basic Materials6,013.001.4%-4.8%25.0%
Consumer Goods and Services19,301.751.2%-13.7%13.6%
Health Care10,613.821.8%11.6%-3.7%
Oil & Gas9,082.240.8%0.2%6.0%
$ per £1.31-0.5%-3.2%9.5%
€ per £1.15-0.1%1.8%-4.0%
¥ per £148.48-0.4%-2.5%5.3%
VIX Index (Volatility)16.36-17.8%48.2%-21.4%
Baltic Dry Index1,304.00-6.5%-4.5%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.85%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.73
FTSE All Share Adj P/E10.84
FTSE All Share Yld4.51%
15yr Gilt Yield1.71%
10yr Gilt Yield1.53%
10yr US Tres Yield3.24%

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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