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Investment Market Update

18 October 2018

World markets

FTSE 100 -0.1% 7054.60
FTSE 250 -0.7% 19013.97
Euro Stoxx 600 -0.4% 363.54
S&P 500 0.0% 2809.21
Nikkei -0.8% 22664.89
Hang Seng (HK$) -0.4% 25366.99


Asian stocks retreated after benchmark US Treasury yields climbed back toward seven year highs in wake of minutes of the latest Federal Reserve policy meeting.


US stocks ended the day flat after a more hawkish tone from the Federal Reserve weighed on the market.


UK stocks closed lower as airlines weighed heavily on the index, with Easyjet closing down 5% and British Airways owner International Airlines Group down 2%. They were casualties of a profit warning from smaller rival Flybe, whose shares fell 13% after the airline said a higher pound and rising costs were starting to bite.


  • UK Prime Minister Theresa May is weighing up a plan to stay tied to European Union rules for longer in a radical move designed to break the deadlock in Brexit talks, according to people familiar with the matter.
  • Federal Reserve officials stepped deeper into a debate over how high to push interest rates, as a majority favoured an eventual and temporary move above the level they deem neutral for the economy in the long run.

Market data

UK (£)
FTSE 1007,054.60-0.1%-8.2%7.6%
FTSE 25019,013.97-0.7%-8.3%14.7%
FTSE All Share3,878.21-0.2%-8.1%9.0%
FTSE Small Cap5,571.85-0.3%-5.8%14.9%
St. James's Place1,060.000.7%-13.5%20.9%
Europe (€)
Euro Stoxx 600363.54-0.4%-6.6%7.7%
DAX 3011,715.03-0.5%-9.3%12.5%
CAC 405,144.95-0.5%-3.2%9.3%
US (US$)
S&P 5002,809.210.0%5.1%19.4%
Dow Jones Ind25,706.68-0.4%4.0%25.1%
Hang Seng25,366.99-0.4%-15.2%38.5%
Nikkei 22522,664.89-0.8%-0.4%19.1%
Australia 2005,942.410.1%-2.0%7.0%
MSCI AC Asia Pacific154.550.8%-11.1%28.7%
World (US$)
MSCI World (Developed)2,089.50-0.1%-0.7%20.1%
MSCI AC World (Dev & Em)500.52-0.1%-2.4%21.6%
MSCI Emerging Markets983.71-0.1%-15.1%34.2%
MSCI AC World Value211.730.1%-5.5%15.2%
MSCI AC World Growth278.28-0.2%0.5%28.3%
Fixed Income
FTSE Gilts All Stocks3,533.770.6%-1.5%3.0%
FTSE Index Linked All Stocks635.690.8%-1.9%2.3%
ML Sterling Corporate Bonds392.660.4%-2.0%5.7%
ML Global High Yield Bonds377.21-0.1%0.0%9.7%
Commodities (US$)
Brent Crude Oil80.05-1.7%25.8%14.5%
UK Sectors
Basic Materials5,888.820.3%-6.8%25.0%
Consumer Goods and Services18,679.880.3%-16.5%13.6%
Health Care10,372.950.7%9.0%-3.7%
Oil & Gas9,339.16-0.3%3.1%6.0%
$ per £1.320.3%-2.4%9.5%
€ per £1.14-0.1%1.1%-4.0%
¥ per £147.920.2%-2.8%5.3%
VIX Index (Volatility)17.40-1.2%57.6%-21.4%
Baltic Dry Index1,554.00-1.5%13.8%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.81%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.75
FTSE All Share Adj P/E10.83
FTSE All Share Yld4.38%
15yr Gilt Yield1.73%
10yr Gilt Yield1.58%
10yr US Tres Yield3.21%

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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