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Investment Market Update

04 December 2018

World markets

FTSE 100 1.2% 7062.41
FTSE 250 0.4% 18563.85
Euro Stoxx 600 1.0% 361.18
S&P 500 1.1% 2790.37
Nikkei -2.4% 22036.05
Hang Seng (HK$) -0.2% 27119.64


Asian stocks fell in Japan, Korea and Australia and fluctuated in China after media appearances with Trump administration officials shed little light on the specifics of how Sino-American trade negotiations will progress.


US stocks rallied after US President Donald Trump and China's President Xi Jinping agreed to a ceasefire in the trade war between the world's two largest economies during the G20 summit at the weekend.


UK stocks rallied as miners performed particularly well, with Anglo American, Antofagasta and Glencore all up around 6%.


  • Theresa May’s attempt to sell her Brexit deal to skeptical lawmakers was in doubt before it had even began, as opposition parties were granted an emergency debate on whether her government is in contempt of Parliament for refusing to release legal advice about her deal.
  • President Donald Trump left his top advisers struggling to explain a trade deal he claimed he’d struck with China to reduce tariffs on US cars exported to the country, an agreement that doesn’t exist on paper and hasn’t been confirmed in Beijing.

Market data

UK (£)
FTSE 1007,062.411.2%-8.1%7.6%
FTSE 25018,563.850.4%-10.4%14.7%
FTSE All Share3,863.091.0%-8.5%9.0%
FTSE Small Cap5,409.500.5%-8.5%14.9%
St. James's Place1,035.002.9%-15.6%20.9%
Europe (€)
Euro Stoxx 600361.181.0%-7.2%7.7%
DAX 3011,465.461.8%-11.2%12.5%
CAC 405,053.981.0%-4.9%9.3%
US (US$)
S&P 5002,790.371.1%4.4%19.4%
Dow Jones Ind25,826.431.1%4.5%25.1%
Hang Seng27,119.64-0.2%-9.4%38.5%
Nikkei 22522,036.05-2.4%-3.2%19.1%
Australia 2005,713.14-1.0%-5.8%7.0%
MSCI AC Asia Pacific156.592.0%-9.9%28.7%
World (US$)
MSCI World (Developed)2,066.621.2%-1.8%20.1%
MSCI AC World (Dev & Em)497.481.3%-3.0%21.6%
MSCI Emerging Markets1,016.872.2%-12.2%34.2%
MSCI AC World Value211.961.0%-5.4%15.2%
MSCI AC World Growth274.671.7%-0.8%28.3%
Fixed Income
FTSE Gilts All Stocks3,551.750.5%-1.0%3.0%
FTSE Index Linked All Stocks636.271.5%-1.8%2.3%
ML Sterling Corporate Bonds388.210.2%-3.1%5.7%
ML Global High Yield Bonds370.610.5%-1.8%9.7%
Commodities (US$)
Brent Crude Oil61.693.8%-2.0%14.5%
UK Sectors
Basic Materials5,788.794.1%-8.4%25.0%
Consumer Goods and Services18,336.850.5%-18.0%13.6%
Health Care10,708.56-2.2%12.6%-3.7%
Oil & Gas8,949.442.3%-1.2%6.0%
$ per £1.270.1%-5.7%9.5%
€ per £1.130.4%0.1%-4.0%
¥ per £144.790.0%-4.9%5.3%
VIX Index (Volatility)16.44-9.0%48.9%-21.4%
Baltic Dry Index1,203.00-2.3%-11.9%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/E11.73
FTSE All Share Adj P/E11.69
FTSE All Share Yld4.49%
15yr Gilt Yield1.57%
10yr Gilt Yield1.31%
10yr US Tres Yield2.97%

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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