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Investment Market Update

24 October 2018

World markets

FTSE 100 -1.2% 6955.21
FTSE 250 -2.2% 18352.12
Euro Stoxx 600 -1.6% 354.06
S&P 500 -0.6% 2740.69
Nikkei 0.5% 22124.07
Hang Seng (HK$) 0.2% 25392.60


Asian stocks started the day off on the wrong foot yesterday, however, China's planned stimulus for the investment sector reversed declines. 


US stocks declined after Caterpillar Inc. reported that higher steel prices and tariffs had increased its costs, raising the concern over the US-China trade war. 


UK stocks closed lower on Tuesday as geopolitical tensions, Brexit and Italy's budget took a hold on investments.


  • Deutsche Bank AG conceded revenue will take a bigger decline than it had previously expected, as cost cuts and a scaling back of the business keep eating into Europe's largest investment bank. The German lender reported its lowers third-quarter revenue since 2010 and now predicts a slight decline for the full year. 
  • More than 16,000 customers have deserted the TSB in the wake of an IT meltdown earlier this year. The figures - released by the payments operator BACS - show the net loss in accounts between April and June. As many as 1.9 million people were left unable to access their own money in April, after the bank tried to introduce a new computer system.

Market data

UK (£)
FTSE 1006,955.21-1.2%-9.5%7.6%
FTSE 25018,352.12-2.2%-11.5%14.7%
FTSE All Share3,809.97-1.4%-9.8%9.0%
FTSE Small Cap5,457.24-1.6%-7.7%14.9%
St. James's Place980.20-5.2%-20.0%20.9%
Europe (€)
Euro Stoxx 600354.06-1.6%-9.0%7.7%
DAX 3011,274.28-2.2%-12.7%12.5%
CAC 404,967.69-1.7%-6.5%9.3%
US (US$)
S&P 5002,740.69-0.6%2.5%19.4%
Dow Jones Ind25,191.43-0.5%1.9%25.1%
Hang Seng25,392.600.2%-15.1%38.5%
Nikkei 22522,124.070.5%-2.8%19.1%
Australia 2005,829.00-0.2%-3.9%7.0%
MSCI AC Asia Pacific150.44-2.2%-13.4%28.7%
World (US$)
MSCI World (Developed)2,033.89-1.0%-3.3%20.1%
MSCI AC World (Dev & Em)487.37-1.1%-5.0%21.6%
MSCI Emerging Markets960.54-2.3%-17.1%34.2%
MSCI AC World Value206.93-1.0%-7.6%15.2%
MSCI AC World Growth269.99-1.2%-2.5%28.3%
Fixed Income
FTSE Gilts All Stocks3,561.250.4%-0.8%3.0%
FTSE Index Linked All Stocks639.480.4%-1.3%2.3%
ML Sterling Corporate Bonds394.390.2%-1.6%5.7%
ML Global High Yield Bonds374.77-0.3%-0.7%9.7%
Commodities (US$)
Brent Crude Oil76.44-4.2%20.1%14.5%
UK Sectors
Basic Materials5,666.95-2.1%-10.3%25.0%
Consumer Goods and Services19,188.710.7%-14.2%13.6%
Health Care10,505.26-0.6%10.4%-3.7%
Oil & Gas9,021.43-2.9%-0.4%6.0%
$ per £1.30-0.2%-4.0%9.5%
€ per £1.13-0.1%0.4%-4.0%
¥ per £146.180.2%-4.0%5.3%
VIX Index (Volatility)20.715.4%87.6%-21.4%
Baltic Dry Index1,577.00-0.1%15.4%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.80%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.59
FTSE All Share Adj P/E10.64
FTSE All Share Yld4.48%
15yr Gilt Yield1.64%
10yr Gilt Yield1.47%
10yr US Tres Yield3.17%

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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