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Investment Market Update

18 December 2018

World markets

FTSE 100 -1.1% 6773.24
FTSE 250 -1.4% 17416.96
Euro Stoxx 600 -1.1% 343.26
S&P 500 -2.1% 2545.94
Nikkei -1.8% 21115.45
Hang Seng (HK$) -1.0% 25803.85


Asian stocks fell as President Xi Jinping offered no fresh commitments to open or stimulate China’s economy in a keynote speech, to the disappointment of some observers.


US stocks fell to their lowest close in 14 months as investors weighed the impact of the Federal Reserve on growth in an economy already anxious over trade, geopolitical tensions and a possible government shutdown.


UK stocks following comments that the UK Prime Minister Theresa May has given herself another four weeks to save the Brexit deal as this is still the only way to avoid a chaotic split from the European Union.


  • The European Central Bank’s purchase of almost 180 billion euros ($204 billion) of corporate bonds has upended the region’s credit markets, even if some fast-moving indicators are back to pre-intervention levels.
  • President Xi Jinping said China would stick to its policy agenda, despite pressure from the U.S. and others to allow more competition in its economic system and reduce support for state industry.

Market data

UK (£)
FTSE 1006,773.24-1.1%-11.9%7.6%
FTSE 25017,416.96-1.4%-16.0%14.7%
FTSE All Share3,692.57-1.1%-12.5%9.0%
FTSE Small Cap5,188.58-0.4%-12.2%14.9%
St. James's Place926.20-1.1%-24.5%20.9%
Europe (€)
Euro Stoxx 600343.26-1.1%-11.8%7.7%
DAX 3010,772.20-0.9%-16.6%12.5%
CAC 404,799.87-1.1%-9.7%9.3%
US (US$)
S&P 5002,545.94-2.1%-4.8%19.4%
Dow Jones Ind23,592.98-2.1%-4.6%25.1%
Hang Seng25,803.85-1.1%-13.8%38.5%
Nikkei 22521,115.45-1.8%-7.2%19.1%
Australia 2005,589.47-1.2%-7.8%7.0%
MSCI AC Asia Pacific149.530.3%-14.0%28.7%
World (US$)
MSCI World (Developed)1,914.33-1.5%-9.0%20.1%
MSCI AC World (Dev & Em)462.27-1.3%-9.9%21.6%
MSCI Emerging Markets967.82-0.4%-16.5%34.2%
MSCI AC World Value199.98-1.3%-10.7%15.2%
MSCI AC World Growth258.20-1.8%-6.7%28.3%
Fixed Income
FTSE Gilts All Stocks3,619.74-0.2%0.9%3.0%
FTSE Index Linked All Stocks663.73-0.3%2.5%2.3%
ML Sterling Corporate Bonds392.25-0.1%-2.1%5.7%
ML Global High Yield Bonds368.85-0.1%-2.3%9.7%
Commodities (US$)
Brent Crude Oil59.61-1.1%-5.4%14.5%
UK Sectors
Basic Materials5,764.131.0%-8.8%25.0%
Consumer Goods and Services17,673.19-1.5%-21.0%13.6%
Health Care10,504.00-1.5%10.4%-3.7%
Oil & Gas8,550.29-0.9%-5.6%6.0%
$ per £1.26-0.3%-6.9%9.5%
€ per £1.110.1%-1.2%-4.0%
¥ per £142.670.3%-6.3%5.3%
VIX Index (Volatility)24.5213.4%122.1%-21.4%
Baltic Dry Index1,406.000.4%2.9%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/E11.26
FTSE All Share Adj P/E11.52
FTSE All Share Yld4.73%
15yr Gilt Yield1.46%
10yr Gilt Yield1.27%
10yr US Tres Yield2.86%

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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