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Investment Market Update

30 August 2018

World markets

FTSE 100 -0.7% 7563.21
FTSE 250 -0.5% 20736.88
Euro Stoxx 600 0.3% 386.58
S&P 500 0.6% 2914.04
Nikkei 0.1% 22879.94
Hang Seng (HK$) -0.8% 28186.24


Asian stocks were mixed after four consecutive sessions of gains as investors assessed news on global political tensions.


US stocks rose to new records amid a broad rally in technology shares, as investors speculated the Trump administration will make progress this week on trade spats.


UK stocks fell, under pressure from a bounce in the pound on the back of remarks from the European Union’s chief negotiator Michel Barnier, who offered Britain close ties after Brexit.


  • The US economy grew at a faster pace than initially thought in the second quarter, according to revised figures. The Commerce Department's second estimate for the April-June period put growth at an annualised 4.2%, slightly up from the previous figure of 4.1%. It was the best quarterly figure for nearly four years and put the economy on track to hit Donald Trump's goal of 3% annual growth.
  • Argentina's government has unexpectedly asked for the early release of a $50bn (£37.2bn) loan from the IMF amid a growing economic crisis. President Mauricio Macri said the move was designed to restore confidence in the Argentine economy.

Market data

UK (£)
FTSE 1007,563.21-0.7%-1.6%7.6%
FTSE 25020,736.88-0.5%0.1%14.7%
FTSE All Share4,166.60-0.7%-1.3%9.0%
FTSE Small Cap5,877.97-0.1%-0.6%14.9%
St. James's Place1,154.00-0.9%-5.9%20.9%
Europe (€)
Euro Stoxx 600386.580.3%-0.7%7.7%
DAX 3012,561.680.3%-2.8%12.5%
CAC 405,501.330.3%3.6%9.3%
US (US$)
S&P 5002,914.040.6%9.0%19.4%
Dow Jones Ind26,124.570.2%5.7%25.1%
Hang Seng28,186.24-0.8%-5.8%38.5%
Nikkei 22522,879.940.1%0.5%19.1%
Australia 2006,352.000.0%4.7%7.0%
MSCI AC Asia Pacific166.510.1%-4.2%28.7%
World (US$)
MSCI World (Developed)2,190.750.4%4.2%20.1%
MSCI AC World (Dev & Em)526.940.3%2.7%21.6%
MSCI Emerging Markets1,070.530.0%-7.6%34.2%
MSCI AC World Value219.410.1%-2.1%15.2%
MSCI AC World Growth297.430.5%7.5%28.3%
Fixed Income
FTSE Gilts All Stocks3,578.57-0.4%-0.3%3.0%
FTSE Index Linked All Stocks636.24-0.9%-1.8%2.3%
ML Sterling Corporate Bonds395.56-0.3%-1.3%5.7%
ML Global High Yield Bonds377.090.0%-0.1%9.7%
Commodities (US$)
Brent Crude Oil77.141.6%19.8%14.5%
UK Sectors
Basic Materials6,058.11-1.0%-4.1%25.0%
Consumer Goods and Services20,499.07-0.8%-8.3%13.6%
Health Care10,940.20-0.4%15.0%-3.7%
Oil & Gas9,417.22-1.0%3.9%6.0%
$ per £1.29-0.9%-4.6%9.5%
€ per £1.10-1.0%-2.3%-4.0%
¥ per £143.17-1.5%-6.0%5.3%
VIX Index (Volatility)12.25-2.0%11.0%-21.4%
Baltic Dry Index1,661.00-1.4%21.6%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/E12.54
FTSE All Share Adj P/E12.58
FTSE All Share Yld4.10%
15yr Gilt Yield1.62%
10yr Gilt Yield1.49%
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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