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Investment Market Update

04 February 2019

World markets

FTSE 100 0.7% 7020.22
FTSE 250 0.5% 18811.37
Euro Stoxx 600 0.3% 359.71
S&P 500 0.1% 2706.53
Nikkei 0.5% 20883.77
Hang Seng (HK$) 0.2% 27990.21

asia

Asian stocks started the week with modest gains following strong US economic data and positive comments out of Washington on the trade talks. Trading is more subdued as much of the region heads into Lunar New Year holidays.

us

US stocks had a small gain on Friday as the jobs reading and manufacturing PMI data overshadowed a disappointing sales forecast from Amazon. The dollar nudged higher as US Treasury yields held gains made in the wake of the employment data.

uk

UK stocks climbed on Friday as signs the US and China could soon settle their trade dispute offset disappointing data from China. 


Headlines

  • The US economy added a stronger-than-expected 304,000 jobs in January, official figures have shown. The figure was far in excess of economists' forecasts of 165,000. However, December's jobs growth figure was revised to 222,000, down from an initial estimate of 312,000. Last month saw jobs being added in leisure and hospitality, construction, health care, transportation and warehousing, according to the US Department of Labor.
     
  • Ryanair posted a net loss of €19.6m (£17.2m) for the last three months of the year as fierce competition forced it to cut fares. The airline carried 32.7 million passengers compared with 30.4 million for the same period a year earlier as revenue rose 9% to €1.53bn. But the airline said "excess winter capacity in Europe" cut its profit. The company said Chairman David Bonderman will leave in the summer of 2020.

Market data

Price1dYTD2018
UK (£)
FTSE 1007,020.220.7%4.3%-12.5%
FTSE 25018,811.370.5%7.5%-15.6%
FTSE All Share3,851.900.7%4.8%-13.0%
FTSE Small Cap5,388.110.3%4.1%-12.4%
St. James's Place947.601.0%0.4%-23.0%
Europe (€)
Euro Stoxx 600359.710.3%6.5%-13.2%
DAX 3011,180.660.1%5.9%-18.3%
CAC 405,019.260.5%6.1%-11.0%
US (US$)
S&P 5002,706.530.1%8.0%-6.2%
Dow Jones Ind25,063.890.3%7.4%-5.6%
NASDAQ7,263.87-0.2%9.5%-3.9%
Asia
Hang Seng27,990.210.2%8.3%-13.6%
Nikkei 22520,883.770.5%4.3%-12.1%
Australia 2005,891.200.5%4.3%-6.9%
MSCI AC Asia Pacific156.25-0.3%6.5%-15.6%
World (US$)
MSCI World (Developed)2,029.550.1%7.7%-10.4%
MSCI AC World (Dev & Em)491.430.0%7.9%-11.2%
MSCI Emerging Markets1,050.200.0%8.7%-16.6%
MSCI AC World Value208.560.1%7.3%-13.2%
MSCI AC World Growth272.410.0%8.4%-9.2%
Fixed Income
FTSE Gilts All Stocks3,641.70-0.2%0.9%0.8%
FTSE Index Linked All Stocks647.680.3%0.8%-1.2%
ML Sterling Corporate Bonds399.66-0.1%2.0%-2.4%
ML Global High Yield Bonds380.170.1%4.2%-3.7%
Commodities (US$)
Brent Crude Oil62.753.1%16.2%-14.9%
Gold1,317.70-0.3%2.8%-2.6%
UK Sectors
Basic Materials6,342.780.9%9.8%-9.2%
Consumer Goods and Services18,383.690.9%5.4%-21.0%
Financials4,716.290.5%4.7%-16.4%
Health Care10,170.740.6%-2.3%8.8%
Industrials3,851.900.7%4.8%-12.8%
Oil & Gas8,778.500.6%3.7%-7.4%
Technology1,837.460.4%5.2%-24.2%
Telecommunications2,253.78-0.3%-7.1%-27.9%
Utilities7,005.760.7%8.6%-10.5%
Currencies
$ per £1.310.3%2.9%-6.2%
€ per £1.150.4%3.0%-1.3%
¥ per £142.79-0.3%2.1%-19.7%
Indicators
VIX Index (Volatility)16.14-2.6%-36.5%160.2%
Baltic Dry Index645.00-3.4%-49.3%3.3%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.91%
Consumer Price Index2.10%
Retail Price Index2.70%
Yields / Ratios
FTSE 100 Adj P/E11.49
FTSE All Share Adj P/E11.74
FTSE All Share Yld4.65%
15yr Gilt Yield1.45%
10yr Gilt Yield1.25%
10yr US Tres Yield2.68%

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 2019. "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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