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Investment Market Update

22 February 2019

World markets

FTSE 100 -0.8% 7167.39
FTSE 250 0.2% 19236.88
Euro Stoxx 600 -0.3% 370.41
S&P 500 -0.4% 2774.88
Nikkei -0.2% 21425.51
Hang Seng (HK$) 0.1% 28669.10


Asian stocks posted modest losses following a weak US session as investors mulled an uncertain economic backdrop and mixed signals on trade negotiations.


US stocks fell following lacklustre economic data and poor performance by some high-profile companies, including Tesla and Nike.


UK stocks closed lower, as British Gas owner Centrica and BAE Systems dragged indexes down, compounded by weak economic data in Europe, and investor trade war fears.


  • Britain posted a record budget surplus last month, providing a welcome boost for Chancellor of the Exchequer Philip Hammond in the wake of a threatened credit-rating downgrade over Brexit.
  • President Donald Trump will meet with China’s top trade negotiator on Friday afternoon in Washington as the US tries to forge a preliminary deal with its biggest economic rival before tariffs on some Chinese imports more than double next month.

Market data

UK (£)
FTSE 1007,167.39-0.8%6.5%-12.5%
FTSE 25019,236.880.2%9.9%-15.6%
FTSE All Share3,931.74-0.7%7.0%-13.0%
FTSE Small Cap5,429.24-0.2%4.9%-12.4%
St. James's Place956.400.9%1.3%-23.0%
Europe (€)
Euro Stoxx 600370.41-0.3%9.7%-13.2%
DAX 3011,423.280.2%8.2%-18.3%
CAC 405,196.110.0%9.8%-11.0%
US (US$)
S&P 5002,774.88-0.4%10.7%-6.2%
Dow Jones Ind25,850.63-0.4%10.8%-5.6%
Hang Seng28,669.100.1%10.9%-13.6%
Nikkei 22521,425.51-0.2%7.0%-12.1%
Australia 2006,167.310.5%9.2%-6.9%
MSCI AC Asia Pacific159.030.2%8.4%-15.6%
World (US$)
MSCI World (Developed)2,077.44-0.3%10.3%-10.4%
MSCI AC World (Dev & Em)501.69-0.2%10.1%-11.2%
MSCI Emerging Markets1,050.990.2%8.8%-16.6%
MSCI AC World Value211.98-0.3%9.0%-13.2%
MSCI AC World Growth279.33-0.2%11.2%-9.2%
Fixed Income
FTSE Gilts All Stocks3,656.54-0.1%1.3%0.8%
FTSE Index Linked All Stocks656.11-0.1%2.2%-1.2%
ML Sterling Corporate Bonds401.56-0.1%2.5%-2.4%
ML Global High Yield Bonds383.180.0%5.0%-3.7%
Commodities (US$)
Brent Crude Oil67.070.0%24.2%-14.9%
UK Sectors
Basic Materials6,490.50-1.7%12.3%-9.2%
Consumer Goods and Services18,964.46-0.3%8.7%-21.0%
Health Care10,707.21-1.3%2.8%8.8%
Oil & Gas8,955.96-0.6%5.8%-7.4%
$ per £1.310.4%2.7%-6.2%
€ per £1.150.1%3.4%-1.3%
¥ per £144.840.3%3.6%-8.3%
VIX Index (Volatility)14.463.1%-43.1%160.2%
Baltic Dry Index630.001.3%-50.4%3.3%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.86%
Consumer Price Index1.80%
Retail Price Index2.50%
Yields / Ratios
FTSE 100 Adj P/E11.47
FTSE All Share Adj P/E11.75
FTSE All Share Yld4.57%
15yr Gilt Yield1.42%
10yr Gilt Yield1.20%
10yr US Tres Yield2.69%

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 2019. "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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