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Investment Market Update

12 November 2018

World markets

FTSE 100 -0.5% 7105.34
FTSE 250 -0.8% 19106.61
Euro Stoxx 600 -0.4% 365.74
S&P 500 -0.9% 2781.01
Nikkei 0.1% 22269.88
Hang Seng (HK$) 0.1% 25624.87


Asian stocks were mixed on Friday as soft Chinese economic data and falling oil prices  rekindled anxiety about the outlook for world growth.


US stocks rose last week as investors breathed a sigh of relief at the election results, but fears that the trade war would resume kept a cap on the gains.


UK stocks slipped on Friday with miners weighing on the FTSE 100 amid weak Chinese inflation figures, as hawkish tones from the US Federal Reserve also contributed to market declines. 


  • The UK economy grew by 0.6% in the three months to September, with warm weather boosting consumer spending, the Office for National Statistics said. It is the highest quarterly growth figure since the fourth quarter of 2016, when the economy grew 0.7%.
  • Internet giant Alibaba has set new sales records on Sunday for its biggest shopping day, the annual Singles Day. The Chinese company hit a record $1bn (£774m; €883m) in sales in 85 seconds, and then just shy of $10bn in the first hour of the 24-hour spree.

Market data

UK (£)
FTSE 1007,105.34-0.5%-7.6%7.6%
FTSE 25019,106.61-0.8%-7.8%14.7%
FTSE All Share3,901.72-0.6%-7.6%9.0%
FTSE Small Cap5,497.40-0.8%-7.0%14.9%
St. James's Place1,062.501.1%-13.3%20.9%
Europe (€)
Euro Stoxx 600365.74-0.4%-6.0%7.7%
DAX 3011,529.160.0%-10.7%12.5%
CAC 405,106.75-0.5%-3.9%9.3%
US (US$)
S&P 5002,781.01-0.9%4.0%19.4%
Dow Jones Ind25,989.30-0.8%5.1%25.1%
Hang Seng25,624.870.1%-14.4%38.5%
Nikkei 22522,269.880.1%-2.2%19.1%
Australia 2005,941.300.3%-2.0%7.0%
MSCI AC Asia Pacific152.26-1.2%-12.4%28.7%
World (US$)
MSCI World (Developed)2,063.16-0.9%-1.9%20.1%
MSCI AC World (Dev & Em)494.48-1.0%-3.6%21.6%
MSCI Emerging Markets976.17-1.7%-15.7%34.2%
MSCI AC World Value211.14-0.8%-5.7%15.2%
MSCI AC World Growth272.41-1.2%-1.6%28.3%
Fixed Income
FTSE Gilts All Stocks3,548.850.6%-1.1%3.0%
FTSE Index Linked All Stocks641.851.1%-0.9%2.3%
ML Sterling Corporate Bonds393.340.4%-1.9%5.7%
ML Global High Yield Bonds374.34-0.4%-0.8%9.7%
Commodities (US$)
Brent Crude Oil70.18-0.7%10.8%14.5%
UK Sectors
Basic Materials5,855.42-3.4%-7.3%25.0%
Consumer Goods and Services19,301.230.2%-13.7%13.6%
Health Care10,891.820.6%14.5%-3.7%
Oil & Gas8,927.76-0.5%-1.5%6.0%
$ per £1.310.9%-3.1%9.5%
€ per £1.150.4%2.1%-4.0%
¥ per £149.191.0%-2.0%5.3%
VIX Index (Volatility)17.363.8%57.2%-21.4%
Baltic Dry Index1,147.00-6.8%-16.0%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.86%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.74
FTSE All Share Adj P/E10.84
FTSE All Share Yld4.59%
15yr Gilt Yield1.68%
10yr Gilt Yield1.49%
10yr US Tres Yield3.18%

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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