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Investment Market Update

22 October 2018

World markets

FTSE 100 0.3% 7049.80
FTSE 250 -0.9% 18795.75
Euro Stoxx 600 -0.1% 361.24
S&P 500 0.0% 2767.78
Nikkei 0.5% 22638.24
Hang Seng (HK$) 2.3% 26148.33


Asian stocks cancelled earlier losses as Chinese shares built on a Friday rally after calls for calm from the country’s top finance officials.


US stocks gave up an early rally on Friday and struggled to another mixed finish as investors continued to sell former favourites like retailers.


UK stocks finished higher for the week, pushing aside weakness across global markets and tensions surrounding the Italian budget.


  • China has reported its slowest quarterly growth rate since the global financial crisis. The growth figure for the July to September quarter was 6.5% from a year earlier, the National Bureau of Statistics said. The result fell short of Reuters analyst forecasts of 6.6%. Policymakers have moved to support the cooling economy in recent months.
  • One of the world's biggest tobacco firms, Philip Morris, has been accused of "staggering hypocrisy" over its new ad campaign that urges smokers to quit. The Marlboro maker said the move was "an important next step" in its aim to "ultimately stop selling cigarettes". But Cancer Research said the firm was simply trying to promote its smoking alternatives, such as heated tobacco.

Market data

UK (£)
FTSE 1007,049.800.3%-8.3%7.6%
FTSE 25018,795.75-0.9%-9.3%14.7%
FTSE All Share3,868.490.1%-8.4%9.0%
FTSE Small Cap5,549.65-0.6%-6.1%14.9%
St. James's Place1,035.50-0.9%-15.5%20.9%
Europe (€)
Euro Stoxx 600361.24-0.1%-7.2%7.7%
DAX 3011,553.83-0.3%-10.6%12.5%
CAC 405,084.66-0.6%-4.3%9.3%
US (US$)
S&P 5002,767.780.0%3.5%19.4%
Dow Jones Ind25,444.340.3%2.9%25.1%
Hang Seng26,148.332.3%-12.6%38.5%
Nikkei 22522,638.240.5%-0.6%19.1%
Australia 2005,904.94-0.6%-2.6%7.0%
MSCI AC Asia Pacific153.06-0.2%-11.9%28.7%
World (US$)
MSCI World (Developed)2,062.34-0.1%-2.0%20.1%
MSCI AC World (Dev & Em)494.05-0.1%-3.7%21.6%
MSCI Emerging Markets971.470.1%-16.1%34.2%
MSCI AC World Value210.190.1%-6.2%15.2%
MSCI AC World Growth273.15-0.3%-1.3%28.3%
Fixed Income
FTSE Gilts All Stocks3,535.960.1%-1.5%3.0%
FTSE Index Linked All Stocks633.87-0.1%-2.1%2.3%
ML Sterling Corporate Bonds392.370.0%-2.1%5.7%
ML Global High Yield Bonds375.89-0.1%-0.4%9.7%
Commodities (US$)
Brent Crude Oil79.780.6%25.4%14.5%
UK Sectors
Basic Materials5,750.00-1.0%-9.0%25.0%
Consumer Goods and Services18,963.381.3%-15.2%13.6%
Health Care10,587.251.3%11.3%-3.7%
Oil & Gas9,388.641.1%3.6%6.0%
$ per £1.30-0.3%-3.5%9.5%
€ per £1.140.2%1.0%-4.0%
¥ per £146.30-0.6%-3.9%5.3%
VIX Index (Volatility)19.89-0.8%80.2%-21.4%
Baltic Dry Index1,576.000.7%15.4%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.80%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.75
FTSE All Share Adj P/E10.80
FTSE All Share Yld4.40%
15yr Gilt Yield1.74%
10yr Gilt Yield1.58%
10yr US Tres Yield3.19%

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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