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Investment Market Update

23 January 2019

World markets

FTSE 100 -1.0% 6901.39
FTSE 250 -0.4% 18681.59
Euro Stoxx 600 -0.4% 355.09
S&P 500 -1.4% 2632.90
Nikkei -0.1% 20593.72
Hang Seng (HK$) 0.0% 27015.21


Asian stocks declined as traders juggled continuing doubts about the prospects for progress on trade with signs of China stimulus and moves to end the US government shutdown.


US stocks closed lower amid revived worries over US-China trade relations and a sense the January rally is fading.


UK stocks closed lower after forecasts for global growth weighed on stocks. On Monday the IMF trimmed its forecasts for global growth to 3.5% for 2019, down from an October projection of 3.7%. It blamed geopolitical tensions and China's slowdown, as well as warning of the risks of a no deal Brexit.


  • The number of people in work in the UK has reached a record high of 32.54 million, latest figures from the Office for National Statistics show. Unemployment was flat, with a small increase of 8,000 between September and November for a total of 1.37 million. Average earnings excluding bonuses increased by 3.3% in the year to November, as wage rises continued to outpace inflation.
  • Sony will move its European headquarters from the UK to the Netherlands to avoid disruptions caused by Brexit. The company said the move would help it avoid customs issues tied to Britain's exit from the EU, according to AFP. Despite the move, Sony won't shift personnel and operations from the existing UK operations.

Market data

UK (£)
FTSE 1006,901.39-1.0%2.6%-12.5%
FTSE 25018,681.59-0.4%6.7%-15.6%
FTSE All Share3,794.20-0.9%3.2%-13.0%
FTSE Small Cap5,350.75-0.2%3.4%-12.4%
St. James's Place968.00-1.6%2.5%-23.0%
Europe (€)
Euro Stoxx 600355.09-0.4%5.2%-13.2%
DAX 3011,090.11-0.4%5.0%-18.3%
CAC 404,847.53-0.4%2.5%-11.0%
US (US$)
S&P 5002,632.90-1.4%5.0%-6.2%
Dow Jones Ind24,404.48-1.2%4.6%-5.6%
Hang Seng27,015.210.0%4.5%-13.6%
Nikkei 22520,593.72-0.1%2.9%-12.1%
Australia 2005,843.72-0.3%3.5%-6.9%
MSCI AC Asia Pacific152.75-0.7%4.1%-15.6%
World (US$)
MSCI World (Developed)1,978.83-1.1%5.0%-10.4%
MSCI AC World (Dev & Em)478.41-1.1%5.0%-11.2%
MSCI Emerging Markets1,010.63-0.8%4.7%-16.6%
MSCI AC World Value204.08-1.0%5.0%-13.2%
MSCI AC World Growth263.82-1.2%5.0%-9.2%
Fixed Income
FTSE Gilts All Stocks3,606.490.0%-0.1%0.8%
FTSE Index Linked All Stocks635.20-0.4%-1.1%-1.2%
ML Sterling Corporate Bonds394.360.0%0.7%-2.4%
ML Global High Yield Bonds375.74-0.2%3.0%-3.7%
Commodities (US$)
Brent Crude Oil61.50-2.0%14.3%-14.9%
UK Sectors
Basic Materials5,900.24-1.7%2.1%-9.2%
Consumer Goods and Services17,847.46-0.5%2.3%-21.0%
Health Care10,184.59-0.8%-2.2%8.8%
Oil & Gas8,574.26-2.4%1.3%-7.4%
$ per £1.29-0.5%1.2%-6.2%
€ per £1.13-0.5%1.9%-1.3%
¥ per £141.39-0.2%1.1%-19.7%
VIX Index (Volatility)20.8016.9%-18.2%160.2%
Baltic Dry Index1,036.00-5.1%-18.5%3.3%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.92%
Consumer Price Index2.10%
Retail Price Index2.70%
Yields / Ratios
FTSE 100 Adj P/E11.50
FTSE All Share Adj P/E11.73
FTSE All Share Yld4.73%
15yr Gilt Yield1.53%
10yr Gilt Yield1.32%
10yr US Tres Yield2.74%

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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