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Investment Market Update

09 January 2019

World markets

FTSE 100 0.7% 6861.60
FTSE 250 1.1% 18175.79
Euro Stoxx 600 0.9% 345.85
S&P 500 1.0% 2574.41
Nikkei 1.1% 20427.06
Hang Seng (HK$) 2.1% 26425.93


Asian stocks rallied on Wednesday amid optimism about the potential for progress in trade talks between Washington and Beijing, which were extended into a third day. 


US Stocks closed higher on Tuesday as optimism over US-China trade talk’s bolstered sentiment. Gains were led by real estate, internet stocks and mega-cap tech companies. 


UK stocks finished up on Tuesday as markets climbed on trade talk optimism. British supermarket chain Morrison’s lost 3% following disappointing revenue growth, while notable risers included Aston Martin and Greene King.


  • Sainsbury's has seen its like-for-like retail sales fall by 1.1% across the Christmas holiday period. The supermarket giant said in the 15 weeks to 9 January, grocery sales grew by 0.4%, with groceries online and in convenience stores up by 6% and 3%. But general merchandise sales fell 2.3% and overall clothing sales fell 0.2%.
  • House prices continue to rise and difficulties remain for those wanting to buy their first home, according to the UK's biggest mortgage lender. The Halifax, part of Lloyds Banking Group, said that property values rose by 1.3% over the course of 2018.

Market data

UK (£)
FTSE 1006,861.600.7%2.0%-12.5%
FTSE 25018,175.791.1%3.8%-15.6%
FTSE All Share3,758.890.8%2.3%-13.0%
FTSE Small Cap5,295.950.9%2.3%-12.4%
St. James's Place985.001.5%4.3%-23.0%
Europe (€)
Euro Stoxx 600345.850.9%2.4%-13.2%
DAX 3010,803.980.5%2.3%-18.3%
CAC 404,773.271.1%0.9%-11.0%
US (US$)
S&P 5002,574.411.0%2.7%-6.2%
Dow Jones Ind23,787.451.1%2.0%-5.6%
Hang Seng26,425.932.1%2.2%-13.6%
Nikkei 22520,427.061.1%2.1%-12.1%
Australia 2005,778.291.0%2.3%-6.9%
MSCI AC Asia Pacific148.530.1%1.2%-15.6%
World (US$)
MSCI World (Developed)1,935.790.8%2.8%-10.4%
MSCI AC World (Dev & Em)467.270.7%2.5%-11.2%
MSCI Emerging Markets975.51-0.3%1.0%-16.6%
MSCI AC World Value199.490.6%2.6%-13.2%
MSCI AC World Growth257.460.8%2.5%-9.2%
Fixed Income
FTSE Gilts All Stocks3,619.39-0.3%0.3%0.8%
FTSE Index Linked All Stocks652.90-0.6%1.7%-1.2%
ML Sterling Corporate Bonds392.32-0.2%0.2%-2.4%
ML Global High Yield Bonds371.570.4%1.8%-3.7%
Commodities (US$)
Brent Crude Oil58.722.4%9.1%-14.9%
UK Sectors
Basic Materials5,893.420.4%2.0%-9.2%
Consumer Goods and Services17,493.091.0%0.3%-21.0%
Health Care10,493.88-0.6%0.8%8.8%
Oil & Gas8,731.09-0.2%3.1%-7.4%
$ per £1.280.4%0.2%-6.2%
€ per £1.110.3%0.1%-1.3%
¥ per £138.740.4%-0.8%-19.7%
VIX Index (Volatility)20.47-4.3%-19.5%160.2%
Baltic Dry Index1,262.001.2%-0.7%3.3%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.90%
Consumer Price Index2.30%
Retail Price Index3.20%
Yields / Ratios
FTSE 100 Adj P/E11.43
FTSE All Share Adj P/E11.63
FTSE All Share Yld4.82%
15yr Gilt Yield1.49%
10yr Gilt Yield1.27%
10yr US Tres Yield2.73%

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 2019. "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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