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Investment Market Update

12 October 2018

World markets

FTSE 100 -1.9% 7006.93
FTSE 250 -2.1% 18827.75
Euro Stoxx 600 -2.0% 359.65
S&P 500 -2.1% 2728.37
Nikkei 0.3% 22647.41
Hang Seng (HK$) 1.7% 25694.94


Asian stocks recovered after the biggest sell-off in global equities since February, as US stock futures extended gains and Treasury yields ticked higher.


US stocks extended losses to finish lower, as investor concerns continued over rising bond yields and the prospect of higher interest rates.


UK stocks closed almost 140 points lower, at 7,006 points, the lowest since April amid a global sell-off.


  • Motoring groups have condemned the government's decision to cut subsidies for buying greener cars. From 9 November, grants for new plug-in hybrids will be scrapped, while discounts on all-electric cars will be cut from £4,500 to £3,500. Cash incentives have been offered since 2011 to help promote cleaner cars and meet emissions targets.
  • US President Donald Trump has renewed his attacks on the central bank, the Federal Reserve, calling it "out of control" and "far too stringent". Mr Trump said he was not going to fire Fed chairman Jay Powell, but was just "disappointed" in the bank's policies.

Market data

UK (£)
FTSE 1007,006.93-1.9%-8.9%7.6%
FTSE 25018,827.75-2.1%-9.2%14.7%
FTSE All Share3,848.58-2.0%-8.8%9.0%
FTSE Small Cap5,473.93-2.5%-7.4%14.9%
St. James's Place1,057.00-2.5%-13.8%20.9%
Europe (€)
Euro Stoxx 600359.65-2.0%-7.6%7.7%
DAX 3011,539.35-1.5%-10.7%12.5%
CAC 405,106.37-1.9%-3.9%9.3%
US (US$)
S&P 5002,728.37-2.1%2.0%19.4%
Dow Jones Ind25,052.83-2.1%1.3%25.1%
Hang Seng25,694.941.7%-14.1%38.5%
Nikkei 22522,647.410.3%-0.5%19.1%
Australia 2005,895.700.2%-2.8%7.0%
MSCI AC Asia Pacific152.05-3.4%-12.5%28.7%
World (US$)
MSCI World (Developed)2,044.95-2.1%-2.8%20.1%
MSCI AC World (Dev & Em)489.41-2.2%-4.6%21.6%
MSCI Emerging Markets954.66-3.1%-17.6%34.2%
MSCI AC World Value208.23-2.5%-7.0%15.2%
MSCI AC World Growth270.56-1.9%-2.3%28.3%
Fixed Income
FTSE Gilts All Stocks3,486.480.2%-2.9%3.0%
FTSE Index Linked All Stocks621.65-0.5%-4.0%2.3%
ML Sterling Corporate Bonds389.260.0%-2.9%5.7%
ML Global High Yield Bonds376.080.0%-0.3%9.7%
Commodities (US$)
Brent Crude Oil80.26-3.4%26.1%14.5%
UK Sectors
Basic Materials5,729.68-0.3%-9.3%25.0%
Consumer Goods and Services18,739.19-2.1%-16.2%13.6%
Health Care10,089.47-2.0%6.0%-3.7%
Oil & Gas9,273.50-2.9%2.4%6.0%
$ per £1.320.1%-2.2%9.5%
€ per £1.140.4%1.7%-4.0%
¥ per £148.900.5%-2.2%5.3%
VIX Index (Volatility)24.988.8%126.3%-21.4%
Baltic Dry Index1,515.001.5%10.9%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/E11.75
FTSE All Share Adj P/E11.74
FTSE All Share Yld4.39%
15yr Gilt Yield1.85%
10yr Gilt Yield1.67%
10yr US Tres Yield3.15%

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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