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Investment Market Update

07 January 2019

World markets

FTSE 100 2.2% 6837.42
FTSE 250 2.0% 17795.88
Euro Stoxx 600 2.8% 343.38
S&P 500 3.4% 2531.94
Nikkei 2.4% 20038.97
Hang Seng (HK$) 0.7% 25798.63


Asian stocks started the week off with strong gains following the rally on Wall Street Friday as upbeat US job data for the month of December and optimism about US-China trade talks strengthened investor sentiment. 


US stocks rebounded on Friday after a strong payrolls report and remarks from Federal Reserve Chairman Jerome Powell that suggested the central bank would be flexible with monetary policy. Technology stocks led the charge, jumping 4.3 percent, bouncing back from the prior session's worst day for the sector in over seven years.


UK stocks closed higher on Friday as news of a new round of talks between China and the United States raised hopes of a resolution between the trade wars.


  • The US economy created many more jobs than expected in December, according to the latest government data. Employers added 312,000 jobs, far ahead of predictions of 177,000, the Labor Department said. The unemployment rate nudged higher to 3.9%, but is still near historic lows. Average hourly pay increased at an annual rate of 3.2% - an improvement on last month's 3.1%.
  • The Port of Ramsgate "cannot be ready" for extra ferry services in the event of a no-deal Brexit, according to the councillor for the harbour area. Seaborne Freight has been given a £13.8m contract to run a freight service between Ramsgate and Ostend in the event of a no-deal Brexit. However, Conservative councillor Beverly Martin says the harbour cannot be ready by Brexit on 29 March.

Market data

UK (£)
FTSE 1006,837.422.2%1.6%-12.5%
FTSE 25017,795.882.0%1.7%-15.6%
FTSE All Share3,733.552.1%1.6%-13.0%
FTSE Small Cap5,204.320.4%0.5%-12.4%
St. James's Place971.003.3%2.9%-23.0%
Europe (€)
Euro Stoxx 600343.382.8%1.7%-13.2%
DAX 3010,767.693.4%2.0%-18.3%
CAC 404,737.122.7%0.1%-11.0%
US (US$)
S&P 5002,531.943.4%1.0%-6.2%
Dow Jones Ind23,433.163.3%0.5%-5.6%
Hang Seng25,798.630.7%-0.2%-13.6%
Nikkei 22520,038.972.4%0.1%-12.1%
Australia 2005,683.191.1%0.7%-6.9%
MSCI AC Asia Pacific145.640.1%-0.7%-15.6%
World (US$)
MSCI World (Developed)1,904.182.8%1.1%-10.4%
MSCI AC World (Dev & Em)459.942.6%0.9%-11.2%
MSCI Emerging Markets964.971.6%-0.1%-16.6%
MSCI AC World Value196.972.4%1.3%-13.2%
MSCI AC World Growth252.632.8%0.6%-9.2%
Fixed Income
FTSE Gilts All Stocks3,615.74-0.7%0.2%0.8%
FTSE Index Linked All Stocks653.05-0.2%1.7%-1.2%
ML Sterling Corporate Bonds392.21-0.5%0.1%-2.4%
ML Global High Yield Bonds367.580.7%0.8%-3.7%
Commodities (US$)
Brent Crude Oil57.062.0%6.1%-14.9%
UK Sectors
Basic Materials5,816.194.5%0.6%-9.2%
Consumer Goods and Services17,608.711.5%0.9%-21.0%
Health Care10,631.561.1%2.1%8.8%
Oil & Gas8,760.351.7%3.5%-7.4%
$ per £1.26-0.6%-0.8%-6.2%
€ per £1.11-0.6%-0.4%-1.3%
¥ per £136.58-1.1%-2.3%-19.7%
VIX Index (Volatility)21.38-16.0%-15.9%160.2%
Baltic Dry Index1,260.00-0.6%-0.9%3.3%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.91%
Consumer Price Index2.30%
Retail Price Index3.20%
Yields / Ratios
FTSE 100 Adj P/E11.39
FTSE All Share Adj P/E11.56
FTSE All Share Yld4.86%
15yr Gilt Yield1.48%
10yr Gilt Yield1.28%
10yr US Tres Yield2.67%

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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