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Investment Market Update

14 September 2018

World markets

FTSE 100 -0.4% 7281.57
FTSE 250 -0.7% 20243.61
Euro Stoxx 600 -0.1% 376.52
S&P 500 0.5% 2904.18
Nikkei 1.2% 23092.58
Hang Seng (HK$) 1.0% 27294.30


Asian stocks extended a rally after their recent falls drove valuations to a two-year low, following a technology-supported advance in US equities.


US shares were up, led by US cosmetics retail chain Ulta Beauty, which has risen 6.4%. US President Donald Trump eyed fresh tariffs on a swathe of Chinese goods, and at the same time, Nafta talks with Canada appeared to hit a wall.


UK stocks were down as retailers results dampened investors appetite for grocers. 


  • Bank of England Governor Mark Carney told senior government ministers that a no-deal Brexit would probably see interest rates rise rather than fall. Carney joined a cabinet meeting Thursday to outline the BOE’s planning for a turbulent exit from the European Union. 
  • The chief executive of RBS has been accused by MPs of withholding information about an investigation into criminal activity within the bank. Ross McEwan had told the Treasury Committee in January that there was not any criminality inside the bank.

Market data

UK (£)
FTSE 1007,281.57-0.4%-5.3%7.6%
FTSE 25020,243.61-0.7%-2.3%14.7%
FTSE All Share4,023.77-0.5%-4.7%9.0%
FTSE Small Cap5,788.240.0%-2.1%14.9%
St. James's Place1,093.50-0.2%-10.8%20.9%
Europe (€)
Euro Stoxx 600376.52-0.1%-3.3%7.7%
DAX 3012,055.550.2%-6.7%12.5%
CAC 405,328.12-0.1%0.3%9.3%
US (US$)
S&P 5002,904.180.5%8.6%19.4%
Dow Jones Ind26,145.990.6%5.8%25.1%
Hang Seng27,294.301.0%-8.8%38.5%
Nikkei 22523,092.581.2%1.4%19.1%
Australia 2006,170.600.7%1.7%7.0%
MSCI AC Asia Pacific160.260.9%-7.8%28.7%
World (US$)
MSCI World (Developed)2,162.680.5%2.8%20.1%
MSCI AC World (Dev & Em)518.020.6%1.0%21.6%
MSCI Emerging Markets1,017.641.3%-12.2%34.2%
MSCI AC World Value216.240.5%-3.5%15.2%
MSCI AC World Growth291.700.6%5.4%28.3%
Fixed Income
FTSE Gilts All Stocks3,563.20-0.2%-0.7%3.0%
FTSE Index Linked All Stocks630.170.1%-2.7%2.3%
ML Sterling Corporate Bonds394.730.0%-1.5%5.7%
ML Global High Yield Bonds377.540.2%0.0%9.7%
Commodities (US$)
Brent Crude Oil78.18-2.0%22.1%14.5%
UK Sectors
Basic Materials5,652.400.8%-10.5%25.0%
Consumer Goods and Services19,858.35-1.1%-11.2%13.6%
Health Care10,423.03-0.8%9.5%-3.7%
Oil & Gas9,189.82-0.8%1.4%6.0%
$ per £1.31-0.4%-3.4%9.5%
€ per £1.120.0%-0.3%-4.0%
¥ per £145.36-0.9%-4.5%5.3%
VIX Index (Volatility)12.37-5.9%12.0%-21.4%
Baltic Dry Index1,382.00-2.1%1.2%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.80%
Consumer Price Index2.50%
Retail Price Index3.20%
Yields / Ratios
FTSE 100 Adj P/E12.15
FTSE All Share Adj P/E12.21
FTSE All Share Yld4.19%
15yr Gilt Yield1.65%
10yr Gilt Yield1.50%
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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