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Investment Market Update

13 December 2018

World markets

FTSE 100 1.1% 6880.19
FTSE 250 1.9% 17988.97
Euro Stoxx 600 1.7% 350.00
S&P 500 0.5% 2651.07
Nikkei 1.0% 21816.19
Hang Seng (HK$) 1.1% 26487.20


Asian stocks advanced alongside US equity futures Thursday after a series of positive developments in US-China trade talks buoyed global stocks.


US stocks came off session highs but still closed higher Wednesday after a series of developments boosted expectations that a US-China trade deal could be reached in the coming months.


UK stocks closed higher Wednesday, boosted in the afternoon by speculation that UK Prime Minister Theresa May will survive a no-confidence vote by her party and supported by strong gains on Wall Street over US-China trade talk optimism.


  • The pound has slipped back from its highs of earlier on Wednesday even though Prime Minister Theresa May won the vote of confidence in her leadership. Of the the 317 Conservative MPs, 200 backed the prime minister, but 117 voted against her.
  • Shares in Tencent Music Entertainment Group, China's music streaming giant, jumped almost 10% on their first day of public trade in New York. The listing raised about $1.1bn (£870m), based on an initial offering price of $13. Shares ended the day about 8% higher at $14, giving the firm a market value of almost $23bn - comparable to Spotify.

Market data

UK (£)
FTSE 1006,880.191.1%-10.5%7.6%
FTSE 25017,988.971.9%-13.2%14.7%
FTSE All Share3,759.531.2%-11.0%9.0%
FTSE Small Cap5,238.090.4%-11.4%14.9%
St. James's Place944.601.2%-23.0%20.9%
Europe (€)
Euro Stoxx 600350.001.7%-10.1%7.7%
DAX 3010,929.431.4%-15.4%12.5%
CAC 404,909.452.1%-7.6%9.3%
US (US$)
S&P 5002,651.070.5%-0.8%19.4%
Dow Jones Ind24,527.270.6%-0.8%25.1%
Hang Seng26,487.201.1%-11.5%38.5%
Nikkei 22521,816.191.0%-4.2%19.1%
Australia 2005,661.610.1%-6.7%7.0%
MSCI AC Asia Pacific150.461.7%-13.4%28.7%
World (US$)
MSCI World (Developed)1,975.881.1%-6.1%20.1%
MSCI AC World (Dev & Em)476.011.1%-7.2%21.6%
MSCI Emerging Markets978.901.5%-15.5%34.2%
MSCI AC World Value200.510.0%-10.5%15.2%
MSCI AC World Growth259.930.2%-6.1%28.3%
Fixed Income
FTSE Gilts All Stocks3,612.03-1.1%0.6%3.0%
FTSE Index Linked All Stocks662.44-0.9%2.3%2.3%
ML Sterling Corporate Bonds391.03-0.6%-2.4%5.7%
ML Global High Yield Bonds369.360.3%-2.1%9.7%
Commodities (US$)
Brent Crude Oil60.15-0.1%-4.5%14.5%
UK Sectors
Basic Materials5,736.982.1%-9.2%25.0%
Consumer Goods and Services18,223.540.9%-18.5%13.6%
Health Care10,611.130.3%11.5%-3.7%
Oil & Gas8,670.380.4%-4.3%6.0%
$ per £1.25-1.1%-7.4%9.5%
€ per £1.11-0.6%-1.8%-4.0%
¥ per £141.81-1.0%-6.8%5.3%
VIX Index (Volatility)21.46-1.4%94.4%-21.4%
Baltic Dry Index1,353.00-0.8%-1.0%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.90%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.43
FTSE All Share Adj P/E11.38
FTSE All Share Yld4.63%
15yr Gilt Yield1.49%
10yr Gilt Yield1.28%
10yr US Tres Yield2.91%

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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