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Investment Market Update

29 August 2018

World markets

FTSE 100 0.5% 7617.22
FTSE 250 0.8% 20849.24
Euro Stoxx 600 0.0% 385.46
S&P 500 0.0% 2897.52
Nikkei 0.2% 22867.67
Hang Seng (HK$) 0.2% 28397.04


Asian stocks were mixed on Wednesday struggling for direction after the recent rally, as investors assessed the latest developments on the Trump administration’s trade policies.


US stocks settled largely flat on Tuesday, as investors were stuck on the sidelines waiting for news to provide the markets direction, with most reluctant to take a stand ahead of a US holiday next week.


UK stocks closed higher on Tuesday as the breakthrough between the US and Mexico on revamping Nafta improved the outlook for global trade. 


  • British Gas has paid £2.65m in refunds, compensation and redress after wrongly overcharging more than 94,000 customers who switched to new providers. According to the regulator Ofgem, British Gas charged customers its more expensive standard variable tariff rate after they decided to switch to a new supplier, due to a system error.
  • The US and Mexico have agreed to revamp Nafta, the North American Free Trade Agreement, in what Donald Trump called a "really good deal" for both countries. The US President, who has frequently criticised the existing deal, made the announcement on Monday.

Market data

UK (£)
FTSE 1007,617.220.5%-0.9%7.6%
FTSE 25020,849.240.8%0.6%14.7%
FTSE All Share4,194.240.6%-0.7%9.0%
FTSE Small Cap5,882.660.5%-0.5%14.9%
St. James's Place1,164.500.6%-5.0%20.9%
Europe (€)
Euro Stoxx 600385.460.0%-1.0%7.7%
DAX 3012,527.42-0.1%-3.0%12.5%
CAC 405,484.990.1%3.2%9.3%
US (US$)
S&P 5002,897.520.0%8.4%19.4%
Dow Jones Ind26,064.020.1%5.4%25.1%
Hang Seng28,397.040.2%-5.1%38.5%
Nikkei 22522,867.670.2%0.5%19.1%
Australia 2006,347.700.7%4.7%7.0%
MSCI AC Asia Pacific166.320.3%-4.3%28.7%
World (US$)
MSCI World (Developed)2,182.510.1%3.8%20.1%
MSCI AC World (Dev & Em)525.180.1%2.4%21.6%
MSCI Emerging Markets1,070.620.1%-7.6%34.2%
MSCI AC World Value219.110.1%-2.2%15.2%
MSCI AC World Growth295.890.2%6.9%28.3%
Fixed Income
FTSE Gilts All Stocks3,591.67-0.3%0.1%3.0%
FTSE Index Linked All Stocks642.13-0.3%-0.9%2.3%
ML Sterling Corporate Bonds396.70-0.2%-1.0%5.7%
ML Global High Yield Bonds377.210.1%-0.1%9.7%
Commodities (US$)
Brent Crude Oil75.95-0.3%18.0%14.5%
UK Sectors
Basic Materials6,116.332.1%-3.2%25.0%
Consumer Goods and Services20,660.660.2%-7.6%13.6%
Health Care10,980.160.5%15.4%-3.7%
Oil & Gas9,513.36-0.2%5.0%6.0%
$ per £1.290.0%-4.6%9.5%
€ per £1.100.3%-2.0%-4.0%
¥ per £143.190.0%-5.9%5.3%
VIX Index (Volatility)12.502.8%13.2%-21.4%
Baltic Dry Index1,684.00-0.8%23.3%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.81%
Consumer Price Index2.50%
Retail Price Index3.20%
Yields / Ratios
FTSE 100 Adj P/E12.63
FTSE All Share Adj P/E12.67
FTSE All Share Yld4.07%
15yr Gilt Yield1.59%
10yr Gilt Yield1.45%
10yr US Tres Yield2.88%

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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