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Investment Market Update

19 November 2018

World markets

FTSE 100 -0.3% 7013.88
FTSE 250 -0.4% 18589.09
Euro Stoxx 600 -0.2% 357.71
S&P 500 0.2% 2736.27
Nikkei 0.6% 21821.16
Hang Seng (HK$) 0.6% 26347.73


Asian stocks were mixed, amongst conflicting signals on the prospects for a truce in the China-US trade dispute, while the Federal Reserve's newly-found concerns over the global economy constrained the dollar.


US stocks closed mostly higher Friday, after comments from President Donald Trump once again sparked hopes that a trade dispute with China could be resolved in the near term.


UK stocks fell, amid the political fall-out from Theresa May's Brexit plan. The FTSE 100 share index ended 0.3% lower at 7,013.88, with shares in UK-focused stocks such as banks and housebuilders continuing to slide.


  • Theresa May will appeal to business leaders to help deliver her Brexit deal, as she fights opposition in Parliament and a possible leadership challenge.
  • Britain's richest man Jim Ratcliffe is hoping to extend his grip on the North Sea by buying oil and gas fields from US giant ConocoPhillips. Mr Ratcliffe's company Ineos and ConocoPhillips have both confirmed that they are in exclusive talks.

Market data

UK (£)
FTSE 1007,013.88-0.3%-8.8%7.6%
FTSE 25018,589.09-0.4%-10.3%14.7%
FTSE All Share3,843.09-0.4%-9.0%9.0%
FTSE Small Cap5,437.14-0.7%-8.0%14.9%
St. James's Place1,015.50-1.0%-17.2%20.9%
Europe (€)
Euro Stoxx 600357.71-0.2%-8.1%7.7%
DAX 3011,341.00-0.1%-12.2%12.5%
CAC 405,025.20-0.2%-5.4%9.3%
US (US$)
S&P 5002,736.270.2%2.3%19.4%
Dow Jones Ind25,413.220.5%2.8%25.1%
Hang Seng26,347.730.6%-11.9%38.5%
Nikkei 22521,821.160.6%-4.1%19.1%
Australia 2005,693.66-0.6%-6.1%7.0%
MSCI AC Asia Pacific151.870.1%-12.6%28.7%
World (US$)
MSCI World (Developed)2,031.760.3%-3.4%20.1%
MSCI AC World (Dev & Em)488.340.3%-4.8%21.6%
MSCI Emerging Markets986.310.6%-14.9%34.2%
MSCI AC World Value209.160.5%-6.6%15.2%
MSCI AC World Growth268.210.1%-3.1%28.3%
Fixed Income
FTSE Gilts All Stocks3,552.41-0.3%-1.0%3.0%
FTSE Index Linked All Stocks641.74-0.5%-0.9%2.3%
ML Sterling Corporate Bonds389.70-0.5%-2.8%5.7%
ML Global High Yield Bonds369.97-0.1%-2.0%9.7%
Commodities (US$)
Brent Crude Oil66.760.2%5.4%14.5%
UK Sectors
Basic Materials5,894.141.2%-6.7%25.0%
Consumer Goods and Services18,453.84-0.3%-17.5%13.6%
Health Care10,857.71-0.9%14.1%-3.7%
Oil & Gas8,896.850.0%-1.8%6.0%
$ per £1.27-0.7%-5.7%9.5%
€ per £1.130.2%0.1%-4.0%
¥ per £144.51-0.2%-5.1%5.3%
VIX Index (Volatility)18.14-9.2%64.3%-21.4%
Baltic Dry Index1,031.001.1%-24.5%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.89%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.68
FTSE All Share Adj P/E10.73
FTSE All Share Yld4.50%
15yr Gilt Yield1.63%
10yr Gilt Yield1.41%
10yr US Tres Yield3.06%

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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