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Investment Market Update

21 November 2018

World markets

FTSE 100 -0.8% 6947.92
FTSE 250 -0.9% 18366.36
Euro Stoxx 600 -1.1% 351.06
S&P 500 -1.8% 2641.89
Nikkei -0.4% 21507.54
Hang Seng (HK$) 0.2% 25902.61


Asian stock markets were weak, though above session lows, in early trading Wednesday following the latest drubbing of US stocks and oil futures.


US stocks dropped again Tuesday as losses mounted for the world's largest technology companies. Retailers also fell, and energy companies plunged with oil prices as the market sank back into the red for the year.


UK stocks fell as Brexit fears, the US tech sell-off and trade war concerns weighed on investor sentiment.


  • The Trump administration has accused China of not changing its "unfair" practices, inflaming a trade dispute between the world's two largest economies. The US has, along with other countries, long criticised Beijing over its trade policies.
  • Renault has appointed a temporary deputy chief executive to take over the running of the French car firm following the arrest of Carlos Ghosn. Renault said its chief operating officer, Thierry Bolloré, would step up to the role because Mr Ghosn was "temporarily incapacitated".

Market data

UK (£)
FTSE 1006,947.92-0.8%-9.6%7.6%
FTSE 25018,366.36-0.9%-11.4%14.7%
FTSE All Share3,805.04-0.8%-9.9%9.0%
FTSE Small Cap5,371.15-0.9%-9.1%14.9%
St. James's Place996.40-1.2%-18.7%20.9%
Europe (€)
Euro Stoxx 600351.06-1.1%-9.8%7.7%
DAX 3011,066.41-1.6%-14.3%12.5%
CAC 404,924.89-1.2%-7.3%9.3%
US (US$)
S&P 5002,641.89-1.8%-1.2%19.4%
Dow Jones Ind24,465.64-2.2%-1.0%25.1%
Hang Seng25,902.610.2%-13.4%38.5%
Nikkei 22521,507.54-0.4%-5.5%19.1%
Australia 2005,642.77-0.5%-7.0%7.0%
MSCI AC Asia Pacific150.55-1.2%-13.4%28.7%
World (US$)
MSCI World (Developed)1,976.91-1.6%-6.0%20.1%
MSCI AC World (Dev & Em)475.87-1.6%-7.2%21.6%
MSCI Emerging Markets972.58-1.6%-16.0%34.2%
MSCI AC World Value205.52-1.5%-8.3%15.2%
MSCI AC World Growth259.18-1.7%-6.4%28.3%
Fixed Income
FTSE Gilts All Stocks3,554.26-0.2%-1.0%3.0%
FTSE Index Linked All Stocks635.81-0.8%-1.8%2.3%
ML Sterling Corporate Bonds387.75-0.5%-3.3%5.7%
ML Global High Yield Bonds368.13-0.4%-2.5%9.7%
Commodities (US$)
Brent Crude Oil62.53-6.4%-1.2%14.5%
UK Sectors
Basic Materials5,788.07-2.0%-8.4%25.0%
Consumer Goods and Services18,394.620.2%-17.7%13.6%
Health Care10,931.490.7%14.9%-3.7%
Oil & Gas8,724.46-1.4%-3.7%6.0%
$ per £1.290.5%-4.8%9.5%
€ per £1.12-0.2%-0.3%-4.0%
¥ per £144.610.3%-5.0%5.3%
VIX Index (Volatility)22.4811.8%103.6%-21.4%
Baltic Dry Index1,003.00-2.0%-26.6%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.89%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.58
FTSE All Share Adj P/E10.62
FTSE All Share Yld4.55%
15yr Gilt Yield1.62%
10yr Gilt Yield1.38%
10yr US Tres Yield3.06%

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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