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Investment Market Update

07 February 2019

World markets

FTSE 100 -0.1% 7173.09
FTSE 250 0.4% 19073.41
Euro Stoxx 600 0.1% 365.52
S&P 500 -0.2% 2731.61
Nikkei -0.6% 20751.28
Hang Seng (HK$) 0.0% 27990.21


Asian stocks traded mixed Thursday following a retreat in US shares, with European futures pointing towards a mildly weaker start, on signs the global rally in equities is stalling. Indian investors assessed an interest-rate cut by the central bank that most hadn’t foreseen.


US stocks closed lower as investors weighed corporate earnings against persistent concerns over trade and another government shutdown. The dollar extended its rally to a fifth day.


UK stocks closed relatively flat. The main faller was online retailer Ocado, down 6.3% after a fire at a distribution centre raised questions over its growth plans for this year. Housebuilder Barratt Developments closed 2.8% higher as investors cheered its latest profit figures.


  • A decision is due on budget cuts that could prevent Ramsgate reopening as a ferry port to ease pressure on other routes in the case of a no-deal Brexit. The government handed Seaborne Freight a £13.8m contract to run a service to Ostend, in Belgium, under contingency plans to alleviate any delays at Dover. But the local council is considering cuts to port spending that would make roll-on, roll-off services impossible.
  • UK jobs are attracting less interest from other European workers, figures released by some of the world's largest job search engines suggest. Data analysed for BBC News by jobs site Indeed show the number of searches for UK jobs from other European countries has fallen since 2015. The construction and healthcare industries have been the hardest hit.

Market data

UK (£)
FTSE 1007,173.09-0.1%6.6%-12.5%
FTSE 25019,073.410.4%9.0%-15.6%
FTSE All Share3,928.370.0%6.9%-13.0%
FTSE Small Cap5,405.05-0.3%4.4%-12.4%
St. James's Place964.200.9%2.1%-23.0%
Europe (€)
Euro Stoxx 600365.520.1%8.3%-13.2%
DAX 3011,324.72-0.4%7.3%-18.3%
CAC 405,079.05-0.1%7.4%-11.0%
US (US$)
S&P 5002,731.61-0.2%9.0%-6.2%
Dow Jones Ind25,390.30-0.1%8.8%-5.6%
Hang Seng27,990.210.0%8.3%-13.6%
Nikkei 22520,751.28-0.6%3.7%-12.1%
Australia 2006,092.461.1%7.9%-6.9%
MSCI AC Asia Pacific156.96-0.1%7.0%-15.6%
World (US$)
MSCI World (Developed)2,047.11-0.2%8.7%-10.4%
MSCI AC World (Dev & Em)495.08-0.2%8.7%-11.2%
MSCI Emerging Markets1,048.46-0.3%8.6%-16.6%
MSCI AC World Value209.40-0.1%7.7%-13.2%
MSCI AC World Growth275.36-0.4%9.6%-9.2%
Fixed Income
FTSE Gilts All Stocks3,652.890.1%1.2%0.8%
FTSE Index Linked All Stocks653.450.5%1.7%-1.2%
ML Sterling Corporate Bonds400.880.1%2.3%-2.4%
ML Global High Yield Bonds381.660.1%4.6%-3.7%
Commodities (US$)
Brent Crude Oil62.691.1%16.0%-14.9%
UK Sectors
Basic Materials6,391.100.1%10.6%-9.2%
Consumer Goods and Services18,522.18-1.2%6.2%-21.0%
Health Care10,463.660.5%0.5%8.8%
Oil & Gas9,175.820.4%8.4%-7.4%
$ per £1.290.0%1.6%-6.2%
€ per £1.13-0.3%1.9%-1.3%
¥ per £142.300.1%1.8%-19.7%
VIX Index (Volatility)15.38-1.2%-39.5%160.2%
Baltic Dry Index629.000.0%-50.5%3.3%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.92%
Consumer Price Index2.10%
Retail Price Index2.70%
Yields / Ratios
FTSE 100 Adj P/E11.56
FTSE All Share Adj P/E11.81
FTSE All Share Yld4.56%
15yr Gilt Yield1.42%
10yr Gilt Yield1.22%
10yr US Tres Yield2.69%

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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