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Investment Market Update

10 August 2018

World markets

FTSE 100 -0.4% 7741.77
FTSE 250 0.2% 20806.21
Euro Stoxx 600 0.1% 390.05
S&P 500 -0.1% 2853.58
Nikkei -1.4% 22280.83
Hang Seng (HK$) -1.0% 28327.48


Asian stocks fell with emerging market currencies, following concerns over trade tensions after the US said it will impose further tariffs on Chinese goods.


US stocks closed lower after losses in the banking sector, which offset gains in technology stocks.


UK stocks have been mixed on close, due to concerns over trade tensions and Russian sanctions, as well as summer lethargy. 


  • The European Central Bank has grown concerned about the exposure of some euro zone banks to Turkey following the lira’s fall, the Financial Times reported. Banco Bilbao Vizcaya Argentaria SA, UniCredit SpA and BNP Paribas SA are particularly exposed.
  • The UK should drop its net migration target after Brexit and introduce a system for arrivals from the European Union that better meets employers’ needs, Britain’s biggest business lobby group said. EU workers account for between 4% and 30% of the workforce in every UK sector, according to the CBI.

Market data

UK (£)
FTSE 1007,741.77-0.4%0.7%7.6%
FTSE 25020,806.210.2%0.4%14.7%
FTSE All Share4,248.58-0.3%0.6%9.0%
FTSE Small Cap5,907.06-0.1%-0.1%14.9%
St. James's Place1,171.000.6%-4.5%20.9%
Europe (€)
Euro Stoxx 600390.050.1%0.2%7.7%
DAX 3012,676.110.3%-1.9%12.5%
CAC 405,502.250.0%3.6%9.3%
US (US$)
S&P 5002,853.58-0.1%6.7%19.4%
Dow Jones Ind25,509.23-0.3%3.2%25.1%
Hang Seng28,327.48-1.0%-5.3%38.5%
Nikkei 22522,280.83-1.4%-2.1%19.1%
Australia 2006,281.60-0.3%3.6%7.0%
MSCI AC Asia Pacific167.020.1%-3.9%28.7%
World (US$)
MSCI World (Developed)2,163.69-0.1%2.9%20.1%
MSCI AC World (Dev & Em)521.60-0.1%1.7%21.6%
MSCI Emerging Markets1,078.67-0.1%-6.9%34.2%
MSCI AC World Value218.65-0.2%-2.4%15.2%
MSCI AC World Growth292.540.0%5.7%28.3%
Fixed Income
FTSE Gilts All Stocks3,599.130.1%0.3%3.0%
FTSE Index Linked All Stocks645.990.0%-0.3%2.3%
ML Sterling Corporate Bonds396.940.1%-1.0%5.7%
ML Global High Yield Bonds376.42-0.1%-0.3%9.7%
Commodities (US$)
Brent Crude Oil72.07-0.3%11.9%14.5%
UK Sectors
Basic Materials6,278.110.0%-0.6%25.0%
Consumer Goods and Services21,284.94-0.5%-4.8%13.6%
Health Care10,984.970.0%15.5%-3.7%
Oil & Gas9,524.23-1.8%5.1%6.0%
$ per £1.290.2%-4.7%9.5%
€ per £1.11-0.1%-1.3%-4.0%
¥ per £142.930.2%-6.1%5.3%
VIX Index (Volatility)11.273.9%2.1%-21.4%
Baltic Dry Index1,694.00-0.6%24.0%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/E12.89
FTSE All Share Adj P/E12.89
FTSE All Share Yld3.98%
15yr Gilt Yield1.57%
10yr Gilt Yield1.30%
10yr US Tres Yield2.93%

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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