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Investment Market Update

09 November 2018

World markets

FTSE 100 0.3% 7140.68
FTSE 250 0.6% 19257.08
Euro Stoxx 600 0.2% 367.08
S&P 500 -0.3% 2806.83
Nikkei -1.1% 22250.25
Hang Seng (HK$) -2.4% 25611.11


Asian stocks closed down as China aims to boost large banks’ loans to private companies to at least one-third of new corporate lending.


US stocks closed lower as a result of a fall in the shares of energy companies as US crude oil entered a bear market.


UK stocks rallied as the UK Prime Minister Theresa May began briefing her Cabinet on the text of the almost-complete Brexit deal, as her negotiators seek to finalize the last outstanding issue in Brussels.


  • The Federal Reserve left interest rates unchanged and stayed on course to hike in December despite recent drop in financial markets.
  • Labor Secretary Alex Acosta, former New Jersey Governor Chris Christie, and US Appeals Court Judge Edith Jones are among the favourites considered to replace Jeff Sessions as the nation’s top law enforcement officer.

Market data

UK (£)
FTSE 1007,140.680.3%-7.1%7.6%
FTSE 25019,257.080.6%-7.1%14.7%
FTSE All Share3,923.320.4%-7.1%9.0%
FTSE Small Cap5,540.910.2%-6.3%14.9%
St. James's Place1,051.001.6%-14.3%20.9%
Europe (€)
Euro Stoxx 600367.080.2%-5.7%7.7%
DAX 3011,527.32-0.4%-10.8%12.5%
CAC 405,131.45-0.1%-3.4%9.3%
US (US$)
S&P 5002,806.83-0.3%5.0%19.4%
Dow Jones Ind26,191.220.0%6.0%25.1%
Hang Seng25,611.11-2.4%-14.4%38.5%
Nikkei 22522,250.25-1.1%-2.3%19.1%
Australia 2005,921.85-0.1%-2.4%7.0%
MSCI AC Asia Pacific154.100.7%-11.3%28.7%
World (US$)
MSCI World (Developed)2,082.47-0.1%-1.0%20.1%
MSCI AC World (Dev & Em)499.57-0.1%-2.6%21.6%
MSCI Emerging Markets993.53-0.4%-14.2%34.2%
MSCI AC World Value212.920.0%-5.0%15.2%
MSCI AC World Growth275.71-0.3%-0.4%28.3%
Fixed Income
FTSE Gilts All Stocks3,529.18-0.4%-1.7%3.0%
FTSE Index Linked All Stocks635.18-0.6%-1.9%2.3%
ML Sterling Corporate Bonds391.86-0.2%-2.2%5.7%
ML Global High Yield Bonds375.860.0%-0.4%9.7%
Commodities (US$)
Brent Crude Oil70.65-2.0%11.6%14.5%
UK Sectors
Basic Materials6,060.660.8%-4.1%25.0%
Consumer Goods and Services19,260.03-0.2%-13.9%13.6%
Health Care10,830.182.0%13.8%-3.7%
Oil & Gas8,976.02-1.2%-0.9%6.0%
$ per £1.320.5%-2.7%9.5%
€ per £1.15-0.2%1.9%-4.0%
¥ per £149.05-0.1%-2.1%5.3%
VIX Index (Volatility)16.722.2%51.4%-21.4%
Baltic Dry Index1,231.00-5.6%-9.9%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.85%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.79
FTSE All Share Adj P/E10.89
FTSE All Share Yld4.50%
15yr Gilt Yield1.74%
10yr Gilt Yield1.57%
10yr US Tres Yield3.24%

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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