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Investment Market Update

11 December 2018

World markets

FTSE 100 -0.8% 6721.54
FTSE 250 -2.0% 17492.31
Euro Stoxx 600 -1.9% 338.99
S&P 500 0.2% 2637.72
Nikkei -0.3% 21148.02
Hang Seng (HK$) 0.1% 25787.66


Asian stocks were mixed on Tuesday as investors weighed further discussions on trade between the US and China.


US stocks finished higher on Monday as the market saw shares fall on worries about Brexit and trade wars, before a resurgence in technology lifted markets.


UK stocks and the pound were down on Monday after British Prime Minister Theresa May said she was delaying a parliamentary vote on her deal to leave the EU after conceding it would not win sufficient support.


  • US chip-maker Qualcomm claims it has won an injunction against Apple that effectively bans the import of a number of iPhone models, ranging from the iPhone 6S to the iPhone X. The preliminary order, issued by a Chinese court, is the latest in step a continuing feud between the two tech giants over intellectual property.
  • Growth in the UK's economy has slowed as car sales fell and the manufacturing sector stalled, the Office for National Statistics (ONS) has said. The economy grew by 0.4% in the three months to October, slower than the 0.6% in the three months to September. The UK's trade deficit also widened as imports grew faster than exports in October.

Market data

UK (£)
FTSE 1006,721.54-0.8%-12.6%7.6%
FTSE 25017,492.31-2.0%-15.6%14.7%
FTSE All Share3,672.21-1.0%-13.0%9.0%
FTSE Small Cap5,194.27-1.6%-12.1%14.9%
St. James's Place929.20-2.0%-24.2%20.9%
Europe (€)
Euro Stoxx 600338.99-1.9%-12.9%7.7%
DAX 3010,622.07-1.5%-17.8%12.5%
CAC 404,742.38-1.5%-10.7%9.3%
US (US$)
S&P 5002,637.720.2%-1.3%19.4%
Dow Jones Ind24,423.260.1%-1.2%25.1%
Hang Seng25,787.660.1%-13.8%38.5%
Nikkei 22521,148.02-0.3%-7.1%19.1%
Australia 2005,575.880.4%-8.1%7.0%
MSCI AC Asia Pacific148.38-1.8%-14.6%28.7%
World (US$)
MSCI World (Developed)1,952.83-0.6%-7.2%20.1%
MSCI AC World (Dev & Em)470.20-0.8%-8.3%21.6%
MSCI Emerging Markets962.79-1.9%-16.9%34.2%
MSCI AC World Value202.70-0.8%-9.5%15.2%
MSCI AC World Growth260.60-1.4%-5.8%28.3%
Fixed Income
FTSE Gilts All Stocks3,674.451.7%2.4%3.0%
FTSE Index Linked All Stocks679.223.2%4.9%2.3%
ML Sterling Corporate Bonds394.291.0%-1.6%5.7%
ML Global High Yield Bonds367.98-0.3%-2.5%9.7%
Commodities (US$)
Brent Crude Oil59.97-2.8%-4.8%14.5%
UK Sectors
Basic Materials5,468.46-1.2%-13.4%25.0%
Consumer Goods and Services17,885.920.0%-20.0%13.6%
Health Care10,473.270.9%10.1%-3.7%
Oil & Gas8,537.10-1.3%-5.8%6.0%
$ per £1.271.3%-5.8%9.5%
€ per £1.121.1%-0.7%-4.0%
¥ per £143.551.0%-5.7%5.3%
VIX Index (Volatility)22.64-2.5%105.1%-21.4%
Baltic Dry Index1,385.000.9%1.4%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.91%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.18
FTSE All Share Adj P/E11.12
FTSE All Share Yld4.74%
15yr Gilt Yield1.36%
10yr Gilt Yield1.20%
10yr US Tres Yield2.86%

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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