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Investment Market Update

22 August 2018

World markets

FTSE 100 -0.3% 7565.70
FTSE 250 0.5% 20642.86
Euro Stoxx 600 0.2% 384.15
S&P 500 0.2% 2862.96
Nikkei 0.5% 22340.11
Hang Seng (HK$) 0.1% 27777.19


Asian stocks were mixed as Japanese shares traded higher while Hong Kong stocks swung between gains and losses, and equities fell in China and Australia.


US stocks rose, pushing the market toward the milestone of the longest bull market in American history.


UK stocks closed lower, with BHP Billiton Plc falling despite paying a record dividend, its chief executive warned on the dangers of an escalating trade war.


  • Banks have been warned that it's "not fair" to automatically blame customers for money lost through a scam. Last year, customers transferred nearly £240m to fraudsters, only a quarter of which was refunded by financial firms. The Financial Ombudsman service said fraudsters' growing sophistication meant it was wrong to assume losses were due to customer carelessness.
  • Venezuela came to a standstill on Tuesday as the country tried to deal with its newly introduced currency. Thousands of businesses closed in order to adapt to the "sovereign bolivar", and many workers stayed at home. President Nicolás Maduro launched the new banknotes on Monday, revaluing and renaming the old bolivar currency.

Market data

UK (£)
FTSE 1007,565.70-0.3%-1.6%7.6%
FTSE 25020,642.860.5%-0.4%14.7%
FTSE All Share4,164.30-0.2%-1.4%9.0%
FTSE Small Cap5,863.510.3%-0.8%14.9%
St. James's Place1,149.500.2%-6.2%20.9%
Europe (€)
Euro Stoxx 600384.150.2%-1.3%7.7%
DAX 3012,384.490.4%-4.1%12.5%
CAC 405,408.600.5%1.8%9.3%
US (US$)
S&P 5002,862.960.2%7.1%19.4%
Dow Jones Ind25,822.290.2%4.5%25.1%
Hang Seng27,777.190.1%-7.2%38.5%
Nikkei 22522,340.110.5%-1.9%19.1%
Australia 2006,263.90-0.3%3.3%7.0%
MSCI AC Asia Pacific163.330.2%-6.0%28.7%
World (US$)
MSCI World (Developed)2,151.790.3%2.3%20.1%
MSCI AC World (Dev & Em)517.180.4%0.8%21.6%
MSCI Emerging Markets1,044.311.0%-9.9%34.2%
MSCI AC World Value217.100.3%-3.1%15.2%
MSCI AC World Growth289.670.4%4.7%28.3%
Fixed Income
FTSE Gilts All Stocks3,605.29-0.5%0.5%3.0%
FTSE Index Linked All Stocks647.28-0.7%-0.1%2.3%
ML Sterling Corporate Bonds397.66-0.3%-0.8%5.7%
ML Global High Yield Bonds375.470.2%-0.5%9.7%
Commodities (US$)
Brent Crude Oil72.630.6%12.8%14.5%
UK Sectors
Basic Materials5,869.74-0.6%-7.1%25.0%
Consumer Goods and Services21,021.37-1.2%-6.0%13.6%
Health Care10,955.53-0.5%15.1%-3.7%
Oil & Gas9,302.590.4%2.7%6.0%
$ per £1.28-0.7%-5.4%9.5%
€ per £1.120.2%-0.9%-4.0%
¥ per £141.05-0.8%-7.3%5.3%
VIX Index (Volatility)12.863.0%16.5%-21.4%
Baltic Dry Index1,736.000.5%27.1%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.80%
Consumer Price Index2.50%
Retail Price Index3.20%
Yields / Ratios
FTSE 100 Adj P/E12.59
FTSE All Share Adj P/E12.62
FTSE All Share Yld4.07%
15yr Gilt Yield1.55%
10yr Gilt Yield1.27%
10yr US Tres Yield2.83%

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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