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Investment Market Update

29 November 2018

World markets

FTSE 100 -0.2% 7004.52
FTSE 250 -0.1% 18639.73
Euro Stoxx 600 0.0% 357.39
S&P 500 2.3% 2743.79
Nikkei 0.4% 22262.60
Hang Seng (HK$) -0.9% 26450.34


Most Asian stock markets followed Wall Street higher, after Federal Reserve Chairman Jerome Powell suggested the pace of US interest rate increases might slow.


US stocks rose, after investors cheered remarks from the Federal Reserve Chairman which they viewed as a sign interest rates might not rise much further. The rally was broad-based and lifted several large companies that had been under pressure lately, including Apple, which climbed 3.9%.


UK stocks ended broadly lower, with housebuilders weighing on the FTSE 100, while the Bank of England revealed the results of its latest stress tests.


  • Large parts of the British economy are not ready for a no-deal Brexit, Bank of England governor Mark Carney has said. Fewer than half of businesses have initiated contingency plans, Mr Carney told BBC Radio 4's Today programme. He said the UK would need a transition period to adapt to whatever form of departure from the EU Parliament chose.
  • Three online casino companies have been fined and one has been prevented from operating in the UK following a crackdown by the industry regulator. The Gambling Commission has fined three firms almost £14m for not having "effective safeguards" to prevent money laundering and harm to customers from gambling.

Market data

UK (£)
FTSE 1007,004.52-0.2%-8.9%7.6%
FTSE 25018,639.73-0.1%-10.1%14.7%
FTSE All Share3,839.18-0.2%-9.1%9.0%
FTSE Small Cap5,383.290.1%-8.9%14.9%
St. James's Place1,054.00-0.7%-14.0%20.9%
Europe (€)
Euro Stoxx 600357.390.0%-8.2%7.7%
DAX 3011,298.88-0.1%-12.5%12.5%
CAC 404,983.240.0%-6.2%9.3%
US (US$)
S&P 5002,743.792.3%2.6%19.4%
Dow Jones Ind25,366.432.5%2.6%25.1%
Hang Seng26,450.34-0.9%-11.6%38.5%
Nikkei 22522,262.600.4%-2.2%19.1%
Australia 2005,758.420.6%-5.1%7.0%
MSCI AC Asia Pacific152.750.7%-12.1%28.7%
World (US$)
MSCI World (Developed)2,029.781.5%-3.5%20.1%
MSCI AC World (Dev & Em)488.221.4%-4.8%21.6%
MSCI Emerging Markets991.671.2%-14.4%34.2%
MSCI AC World Value208.780.9%-6.8%15.2%
MSCI AC World Growth268.562.0%-3.0%28.3%
Fixed Income
FTSE Gilts All Stocks3,539.63-0.2%-1.4%3.0%
FTSE Index Linked All Stocks624.46-0.5%-3.6%2.3%
ML Sterling Corporate Bonds388.23-0.1%-3.1%5.7%
ML Global High Yield Bonds368.260.2%-2.4%9.7%
Commodities (US$)
Brent Crude Oil58.76-2.4%-7.2%14.5%
UK Sectors
Basic Materials5,543.040.5%-12.3%25.0%
Consumer Goods and Services18,361.51-0.7%-17.9%13.6%
Health Care10,836.810.5%13.9%-3.7%
Oil & Gas8,722.35-0.1%-3.7%6.0%
$ per £1.27-0.5%-5.8%9.5%
€ per £1.130.0%0.2%-4.0%
¥ per £144.90-0.5%-4.8%5.3%
VIX Index (Volatility)18.49-2.8%67.5%-21.4%
Baltic Dry Index1,330.00-0.7%-2.6%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/E11.63
FTSE All Share Adj P/E11.62
FTSE All Share Yld4.50%
15yr Gilt Yield1.63%
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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