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Investment Market Update

14 August 2018

World markets

FTSE 100 -0.3% 7642.45
FTSE 250 -0.4% 20575.11
Euro Stoxx 600 -0.2% 384.91
S&P 500 -0.4% 2821.93
Nikkei 2.2% 22334.34
Hang Seng (HK$) -1.2% 27599.13


Asian stocks mostly steadied on Tuesday as the contagion from the economic crisis in Turkey remained relatively contained in developed markets. Japanese equities outperformed while Australian and South Korean shares also rose.


US stocks closed lower on Monday as the ongoing turmoil in Turkey dampened investors’ appetite for riskier assets. Instability in the region sparked concerns that it's problems could spill over to other parts of the world.


UK stocks were down on Monday with Turkey’s precarious financial position weighing on European markets, the FTSE 100 closed down over 24 points.


  • Ofcom has fined Royal Mail a record £50m for breaching competition law. The fine was for abusing its dominant market position by discriminating against its first and only - major competitor delivering letters.
  • The US has passed a new law that strengthens the government's power to review and potentially block business deals involving foreign firms. US President Donald Trump signed the bill, which is part of a broader military spending measure, on Monday. The measure was spurred by US concerns that Chinese companies are using investments and acquisitions to gain access to new technology.

Market data

UK (£)
FTSE 1007,642.45-0.3%-0.6%7.6%
FTSE 25020,575.11-0.4%-0.7%14.7%
FTSE All Share4,196.13-0.3%-0.6%9.0%
FTSE Small Cap5,865.98-0.5%-0.8%14.9%
St. James's Place1,156.500.0%-5.7%20.9%
Europe (€)
Euro Stoxx 600384.91-0.2%-1.1%7.7%
DAX 3012,358.74-0.5%-4.3%12.5%
CAC 405,412.320.0%1.9%9.3%
US (US$)
S&P 5002,821.93-0.4%5.5%19.4%
Dow Jones Ind25,187.70-0.5%1.9%25.1%
Hang Seng27,599.13-1.2%-7.8%38.5%
Nikkei 22522,334.342.2%-1.9%19.1%
Australia 2006,299.600.8%3.9%7.0%
MSCI AC Asia Pacific162.40-1.8%-6.6%28.7%
World (US$)
MSCI World (Developed)2,127.47-0.6%1.1%20.1%
MSCI AC World (Dev & Em)511.92-0.7%-0.2%21.6%
MSCI Emerging Markets1,043.30-1.8%-9.9%34.2%
MSCI AC World Value214.22-0.9%-4.4%15.2%
MSCI AC World Growth287.60-0.6%3.9%28.3%
Fixed Income
FTSE Gilts All Stocks3,610.08-0.2%0.6%3.0%
FTSE Index Linked All Stocks650.85-0.1%0.5%2.3%
ML Sterling Corporate Bonds397.43-0.2%-0.8%5.7%
ML Global High Yield Bonds373.77-0.3%-1.0%9.7%
Commodities (US$)
Brent Crude Oil72.61-0.3%12.8%14.5%
UK Sectors
Basic Materials6,138.200.0%-2.8%25.0%
Consumer Goods and Services21,094.52-0.1%-5.7%13.6%
Health Care10,856.59-0.6%14.1%-3.7%
Oil & Gas9,393.22-0.1%3.7%6.0%
$ per £1.280.1%-5.6%9.5%
€ per £1.120.0%-0.6%-4.0%
¥ per £141.410.2%-7.1%5.3%
VIX Index (Volatility)14.7812.3%33.9%-21.4%
Baltic Dry Index1,709.001.1%25.1%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.81%
Consumer Price Index2.40%
Retail Price Index3.40%
Yields / Ratios
FTSE 100 Adj P/E12.73
FTSE All Share Adj P/E12.74
FTSE All Share Yld4.05%
15yr Gilt Yield1.53%
10yr Gilt Yield1.25%
10yr US Tres Yield2.88%

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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