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Investment Market Update

24 September 2018

World markets

FTSE 100 1.7% 7490.23
FTSE 250 0.2% 20590.36
Euro Stoxx 600 0.4% 384.29
S&P 500 0.0% 2929.67
Nikkei 0.0% 23869.93
Hang Seng (HK$) -1.4% 27548.57


Asian stocks were mixed after China called off planned trade talks with US officials, potentially triggering an escalation in the protracted tariff war between the world’s two biggest economies.


US stocks closed slightly lower with the S&P 500 falling 0.04% as trade tensions unnerved investors.


UK stocks closed higher as the pound came under fresh selling pressure after Theresa May warned EU leaders to come up with new alternatives to her Brexit proposals. A falling pound typically boosts FTSE 100 firms, which make around 70% of total earnings from overseas.


  • European Central Bank officials are starting to discuss priming investors for the euro area’s first interest rate increase since 2011, a conversation that could see them putting the US experience of three years ago under the microscope.
  • Theresa May’s fiercest critics will spell their Brexit demands today, just as the embattled Conservative leader heads into a potential showdown with her top ministers.

Market data

UK (£)
FTSE 1007,490.231.7%-2.6%7.6%
FTSE 25020,590.360.2%-0.7%14.7%
FTSE All Share4,128.581.4%-2.2%9.0%
FTSE Small Cap5,835.920.5%-1.3%14.9%
St. James's Place1,142.500.4%-6.8%20.9%
Europe (€)
Euro Stoxx 600384.290.4%-1.3%7.7%
DAX 3012,430.880.8%-3.8%12.5%
CAC 405,494.170.8%3.4%9.3%
US (US$)
S&P 5002,929.670.0%9.6%19.4%
Dow Jones Ind26,743.500.3%8.2%25.1%
Hang Seng27,548.57-1.4%-7.9%38.5%
Nikkei 22523,869.930.0%4.9%19.1%
Australia 2006,186.90-0.1%2.0%7.0%
MSCI AC Asia Pacific166.201.1%-4.4%28.7%
World (US$)
MSCI World (Developed)2,200.010.2%4.6%20.1%
MSCI AC World (Dev & Em)527.860.3%2.9%21.6%
MSCI Emerging Markets1,051.441.4%-9.2%34.2%
MSCI AC World Value222.110.5%-0.9%15.2%
MSCI AC World Growth294.990.1%6.6%28.3%
Fixed Income
FTSE Gilts All Stocks3,549.010.4%-1.1%3.0%
FTSE Index Linked All Stocks631.860.9%-2.5%2.3%
ML Sterling Corporate Bonds393.490.3%-1.8%5.7%
ML Global High Yield Bonds379.410.1%0.5%9.7%
Commodities (US$)
Brent Crude Oil78.800.1%23.1%14.5%
UK Sectors
Basic Materials6,227.943.1%-1.4%25.0%
Consumer Goods and Services20,005.111.4%-10.5%13.6%
Health Care10,581.991.9%11.2%-3.7%
Oil & Gas9,559.492.2%5.5%6.0%
$ per £1.321.3%-2.0%9.5%
€ per £1.131.2%0.0%-4.0%
¥ per £148.991.2%-2.1%5.3%
VIX Index (Volatility)11.68-1.0%5.8%-21.4%
Baltic Dry Index1,413.001.2%3.4%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.80%
Consumer Price Index2.70%
Retail Price Index3.50%
Yields / Ratios
FTSE 100 Adj P/E12.52
FTSE All Share Adj P/E12.55
FTSE All Share Yld4.13%
15yr Gilt Yield1.69%
10yr Gilt Yield1.55%
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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