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Investment Market Update

08 February 2019

World markets

FTSE 100 -1.1% 7093.58
FTSE 250 -1.4% 18799.26
Euro Stoxx 600 -1.5% 360.08
S&P 500 -0.9% 2706.05
Nikkei -2.0% 20333.17
Hang Seng (HK$) -0.1% 27950.14


Asian stocks fell after US President Donald Trump said he doesn’t plan to meet Chinese leader Xi Jinping before a tariffs truce ends in March.


US stocks closed lower as investors focused on US-China trade tensions, highlighting widespread worries over slower global economic growth.


UK stocks fell as losses in the Oil Equipment Services & Distribution, Forestry & Paper and Automobiles & Parts sectors led shares lower.


  • The government's housing planning system is unable to demonstrate it is meeting housing demand effectively, public spending watchdog the National Audit Office has said. The government wants 300,000 new homes a year from the mid-2020s onwards.
  • The giant Drax power station, near Selby in North Yorkshire, has become the first in Europe to capture carbon dioxide (CO2) from wood-burning. Drax burns seven million tonnes of wood chips each year to drive generators to make electricity. The firm has now begun a pilot project to capture one tonne a day of CO2 from its wood combustion.

Market data

UK (£)
FTSE 1007,093.58-1.1%5.4%-12.5%
FTSE 25018,799.26-1.4%7.4%-15.6%
FTSE All Share3,884.26-1.1%5.7%-13.0%
FTSE Small Cap5,400.07-0.1%4.3%-12.4%
St. James's Place942.60-2.2%-0.1%-23.0%
Europe (€)
Euro Stoxx 600360.08-1.5%6.6%-13.2%
DAX 3011,022.02-2.7%4.4%-18.3%
CAC 404,985.56-1.8%5.4%-11.0%
US (US$)
S&P 5002,706.05-0.9%7.9%-6.2%
Dow Jones Ind25,169.53-0.9%7.9%-5.6%
Hang Seng27,950.14-0.1%8.1%-13.6%
Nikkei 22520,333.17-2.0%1.6%-12.1%
Australia 2006,071.46-0.3%7.5%-6.9%
MSCI AC Asia Pacific156.47-0.3%6.7%-15.6%
World (US$)
MSCI World (Developed)2,026.94-1.0%7.6%-10.4%
MSCI AC World (Dev & Em)490.42-0.9%7.6%-11.2%
MSCI Emerging Markets1,041.97-0.6%7.9%-16.6%
MSCI AC World Value207.47-0.9%6.7%-13.2%
MSCI AC World Growth272.71-1.0%8.5%-9.2%
Fixed Income
FTSE Gilts All Stocks3,664.150.3%1.5%0.8%
FTSE Index Linked All Stocks656.630.5%2.2%-1.2%
ML Sterling Corporate Bonds401.590.2%2.5%-2.4%
ML Global High Yield Bonds380.49-0.3%4.3%-3.7%
Commodities (US$)
Brent Crude Oil61.63-1.7%14.1%-14.9%
UK Sectors
Basic Materials6,289.62-1.6%8.8%-9.2%
Consumer Goods and Services18,534.030.1%6.2%-21.0%
Health Care10,463.650.0%0.5%8.8%
Oil & Gas9,045.54-1.4%6.9%-7.4%
$ per £1.30-0.1%1.6%-6.2%
€ per £1.14-0.3%2.3%-1.3%
¥ per £142.15-0.1%1.7%-19.7%
VIX Index (Volatility)16.376.4%-35.6%160.2%
Baltic Dry Index610.00-3.0%-52.0%3.3%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.90%
Consumer Price Index2.10%
Retail Price Index2.70%
Yields / Ratios
FTSE 100 Adj P/E11.44
FTSE All Share Adj P/E11.68
FTSE All Share Yld4.61%
15yr Gilt Yield1.39%
10yr Gilt Yield1.18%
10yr US Tres Yield2.66%

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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