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Investment Market Update

03 December 2018

World markets

FTSE 100 -0.8% 6980.24
FTSE 250 -0.7% 18480.83
Euro Stoxx 600 -0.2% 357.49
S&P 500 0.8% 2760.17
Nikkei 1.0% 22574.76
Hang Seng (HK$) 2.4% 27151.86


Asian stocks increased following a cease-fire on tariffs between Beijing and Washington at the Group of 20 meeting in Argentina over the weekend.


US stocks increased on Friday amid rising hopes that China and the US can find a solution to their trade row.


UK stocks closed lower on the last day of November. Anxiety about the ability of the US and China to end their trade dispute at this weekend's G20 summit has hung over the market. But economic data out of China, showing manufacturing activity had slumped, also unsettled the market.


  • Millions of commuters will have to pay an average of 3.1% more for rail tickets from 2 January. The rise, announced by industry body the Rail Delivery Group, follows a year of disruption on some lines. There had been calls for a price freeze following the chaos caused by the introduction of new timetables in May.
  • Beijing will "reduce and remove" the 40% tariffs it places on US cars imported into China, US President Donald Trump has said. China has not commented on President Trump's announcement, which he made on Twitter without providing details. The move, if confirmed, would be welcomed by a car industry unsettled by the escalating US-China trade war.

Market data

UK (£)
FTSE 1006,980.24-0.8%-9.2%7.6%
FTSE 25018,480.83-0.7%-10.8%14.7%
FTSE All Share3,823.34-0.8%-9.4%9.0%
FTSE Small Cap5,383.540.1%-8.9%14.9%
St. James's Place1,005.50-2.7%-18.0%20.9%
Europe (€)
Euro Stoxx 600357.49-0.2%-8.1%7.7%
DAX 3011,257.24-0.4%-12.9%12.5%
CAC 405,003.920.0%-5.8%9.3%
US (US$)
S&P 5002,760.170.8%3.2%19.4%
Dow Jones Ind25,538.460.8%3.3%25.1%
Hang Seng27,151.862.4%-9.2%38.5%
Nikkei 22522,574.761.0%-0.8%19.1%
Australia 2005,771.161.8%-4.8%7.0%
MSCI AC Asia Pacific153.58-0.1%-11.6%28.7%
World (US$)
MSCI World (Developed)2,041.360.3%-3.0%20.1%
MSCI AC World (Dev & Em)490.860.2%-4.3%21.6%
MSCI Emerging Markets994.72-0.3%-14.1%34.2%
MSCI AC World Value209.820.3%-6.3%15.2%
MSCI AC World Growth270.120.2%-2.4%28.3%
Fixed Income
FTSE Gilts All Stocks3,532.40-0.5%-1.6%3.0%
FTSE Index Linked All Stocks626.88-0.3%-3.2%2.3%
ML Sterling Corporate Bonds387.25-0.4%-3.4%5.7%
ML Global High Yield Bonds368.92-0.1%-2.2%9.7%
Commodities (US$)
Brent Crude Oil59.46-0.8%-5.6%14.5%
UK Sectors
Basic Materials5,558.16-1.7%-12.0%25.0%
Consumer Goods and Services18,238.33-0.9%-18.4%13.6%
Health Care10,951.160.3%15.1%-3.7%
Oil & Gas8,747.72-0.4%-3.4%6.0%
$ per £1.280.2%-5.4%9.5%
€ per £1.12-0.3%-0.2%-4.0%
¥ per £145.000.1%-4.8%5.3%
VIX Index (Volatility)18.07-3.8%63.7%-21.4%
Baltic Dry Index1,231.00-3.9%-9.9%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.90%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.59
FTSE All Share Adj P/E11.57
FTSE All Share Yld4.53%
15yr Gilt Yield1.64%
10yr Gilt Yield1.36%
10yr US Tres Yield2.99%

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.


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