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Investment Market Update

08 August 2018

World markets

FTSE 100 0.7% 7718.48
FTSE 250 0.2% 20675.64
Euro Stoxx 600 0.5% 390.49
S&P 500 0.3% 2858.45
Nikkei 0.0% 22668.05
Hang Seng (HK$) -0.1% 28232.68

asia

Asian stocks were mixed after the US followed through with plans to put higher tariffs on $16 billion in Chinese exports.

us

US stocks closed higher on Tuesday as investors continued to brush aside anxiety over the trade war between the US and China and instead focus on positive corporate earnings.

uk

UK stocks closed higher for a third straight session on Tuesday, inspired by gains for Asia and the US, with commodity-related stocks taking the lead.


Headlines

  • Tesla boss Elon Musk is considering taking the electric-car firm private, a move he claimed was the "best path forward" for the company. Mr Musk said de-listing from the stock exchange meant Tesla would no longer be pressured into making short-term decisions to appease investors. In an unusual move, Mr Musk first made the announcement on Twitter rather than via an official regulatory disclosure.
     
  • The US has said it will impose further tariffs on Chinese goods starting 23 August, as a trade war between the world's two biggest economies continues. The top US trade body said the 25% import taxes would apply to about $16bn of annual imports. The duties are part of a broader round of US tariffs on $50bn worth of goods announced in March.

Market data

Price1dYTD2017
UK (£)
FTSE 1007,718.480.7%0.4%7.6%
FTSE 25020,675.640.2%-0.2%14.7%
FTSE All Share4,233.520.6%0.3%9.0%
FTSE Small Cap5,885.780.0%-0.4%14.9%
St. James's Place1,152.00-0.1%-6.0%20.9%
Europe (€)
Euro Stoxx 600390.490.5%0.3%7.7%
DAX 3012,648.190.4%-2.1%12.5%
CAC 405,521.310.8%3.9%9.3%
US (US$)
S&P 5002,858.450.3%6.9%19.4%
Dow Jones Ind25,628.910.5%3.7%25.1%
NASDAQ7,883.660.3%14.2%28.2%
Asia
Hang Seng28,232.68-0.1%-5.6%38.5%
Nikkei 22522,668.050.0%-0.4%19.1%
Australia 2006,268.500.2%3.4%7.0%
MSCI AC Asia Pacific166.450.9%-4.2%28.7%
World (US$)
MSCI World (Developed)2,166.850.4%3.0%20.1%
MSCI AC World (Dev & Em)522.340.5%1.8%21.6%
MSCI Emerging Markets1,079.790.8%-6.8%34.2%
MSCI AC World Value219.340.5%-2.1%15.2%
MSCI AC World Growth292.470.5%5.7%28.3%
Fixed Income
FTSE Gilts All Stocks3,594.27-0.2%0.1%3.0%
FTSE Index Linked All Stocks645.20-0.1%-0.4%2.3%
ML Sterling Corporate Bonds396.42-0.1%-1.1%5.7%
ML Global High Yield Bonds376.900.1%-0.1%9.7%
Commodities (US$)
Brent Crude Oil74.651.2%15.9%14.5%
Gold1,211.730.1%-7.2%11.8%
UK Sectors
Basic Materials6,276.971.8%-0.6%25.0%
Consumer Goods and Services21,236.450.2%-5.0%13.6%
Financials5,197.66-0.3%-4.0%13.3%
Health Care10,933.641.3%14.9%-3.7%
Industrials4,233.520.6%0.3%9.0%
Oil & Gas9,657.011.3%6.6%6.0%
Technology1,864.770.0%-19.0%23.5%
Telecommunications2,789.970.2%-17.5%0.1%
Utilities6,993.501.0%-4.7%-14.8%
Currencies
$ per £1.29-0.1%-4.2%9.5%
€ per £1.120.2%-0.6%-4.0%
¥ per £144.210.1%-5.3%5.3%
Indicators
VIX Index (Volatility)10.93-3.0%-1.0%-21.4%
Baltic Dry Index1,732.00-2.3%26.8%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.81%
Consumer Price Index2.40%
Retail Price Index3.40%
Yields / Ratios
FTSE 100 Adj P/E12.84
FTSE All Share Adj P/E12.85
FTSE All Share Yld3.98%
15yr Gilt Yield1.59%
10yr Gilt Yield1.32%
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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