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Investment Market Update

04 October 2018

World markets

FTSE 100 0.5% 7510.28
FTSE 250 0.2% 20300.00
Euro Stoxx 600 0.5% 383.84
S&P 500 0.1% 2925.51
Nikkei -0.7% 23942.39
Hang Seng (HK$) -1.9% 26578.39


Asian stocks and currencies fell as a spike in US Treasury yields to levels unseen since 2011 tests investors’ nerves.


US stocks began the fourth quarter on a positive note after a last minute deal to salvage Nafta helped ease trade fears. General Electric rose 7.1% after replacing chief executive John Flannery with Larry Culp, who investors hope can transform the company's portfolio more quickly.


UK stocks closed higher. Some of the biggest movers were ITV and Tesco. ITV, maker of Love Island, is the second best performer, rising more than 3% after dismissing reports it would not bid for Endemol Shine, maker of Big Brother. At the other end of the blue chip index, Tesco was down more than 8% as investors express disappointment at its half-year profit figures.


  • Prime Minister Theresa May’s officials are drawing up plans to rush her Brexit deal through Parliament in an attempt to head off a rebellion from her own party, according to people familiar with the matter.
  • There’s a powerful person in Washington besides the president who can barely contain his enthusiasm for the US economy. It’s the man Donald Trump appointed to head the Federal Reserve and whom he’s attacked for raising interest rates: Jerome Powell. In what Fed watchers say was unprecedented four public appearances over the past week, Powell repeatedly lauded the economy’s performance, calling it “remarkably positive,” “extraordinary” and “particularly bright.” And he said he expected the good times to continue.

Market data

UK (£)
FTSE 1007,510.280.5%-2.3%7.6%
FTSE 25020,300.000.2%-2.1%14.7%
FTSE All Share4,127.550.4%-2.2%9.0%
FTSE Small Cap5,815.46-0.1%-1.6%14.9%
St. James's Place1,150.500.8%-6.2%20.9%
Europe (€)
Euro Stoxx 600383.840.5%-1.4%7.7%
DAX 3012,287.580.0%-4.9%12.5%
CAC 405,491.400.4%3.4%9.3%
US (US$)
S&P 5002,925.510.1%9.4%19.4%
Dow Jones Ind26,828.390.2%8.5%25.1%
Hang Seng26,578.39-1.9%-11.2%38.5%
Nikkei 22523,942.39-0.7%5.2%19.1%
Australia 2006,176.300.5%1.8%7.0%
MSCI AC Asia Pacific162.52-0.7%-6.5%28.7%
World (US$)
MSCI World (Developed)2,183.630.0%3.8%20.1%
MSCI AC World (Dev & Em)523.460.0%2.0%21.6%
MSCI Emerging Markets1,035.040.2%-10.7%34.2%
MSCI AC World Value219.130.0%-2.2%15.2%
MSCI AC World Growth293.970.1%6.2%28.3%
Fixed Income
FTSE Gilts All Stocks3,541.06-0.2%-1.3%3.0%
FTSE Index Linked All Stocks636.76-0.2%-1.7%2.3%
ML Sterling Corporate Bonds393.32-0.1%-1.9%5.7%
ML Global High Yield Bonds379.620.0%0.6%9.7%
Commodities (US$)
Brent Crude Oil86.291.8%35.6%14.5%
UK Sectors
Basic Materials6,215.400.0%-1.6%25.0%
Consumer Goods and Services20,084.370.6%-10.2%13.6%
Health Care10,884.510.9%14.4%-3.7%
Oil & Gas9,972.960.3%10.1%6.0%
$ per £1.30-0.1%-3.9%9.5%
€ per £1.12-0.4%-0.2%-4.0%
¥ per £147.62-0.6%-3.0%5.3%
VIX Index (Volatility)11.61-3.7%5.2%-21.4%
Baltic Dry Index1,574.000.3%15.2%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.80%
Consumer Price Index2.70%
Retail Price Index3.50%
Yields / Ratios
FTSE 100 Adj P/E12.59
FTSE All Share Adj P/E12.59
FTSE All Share Yld4.12%
15yr Gilt Yield1.73%
10yr Gilt Yield1.57%
10yr US Tres Yield3.18%

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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