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Investment Market Update

23 November 2018

World markets

FTSE 100 -1.3% 6960.32
FTSE 250 -0.3% 18530.00
Euro Stoxx 600 -0.7% 352.57
S&P 500 0.0% 2649.93
Nikkei 0.0% 21646.55
Hang Seng (HK$) -0.5% 25892.40


Asian stocks closed mostly lower, rounding out a third week of losses. Chinese Equities led regional declines, with the technology sector weakening with concerns over the US.


US markets were closed for Thanksgiving holiday.


UK stocks closed lower on Thursday, with the FTSE 100 firmly in the red amid a stronger pound which appreciated after the UK and EU agreed a draft text outlining a close post-Brexit relationship.


  • Nissan Motor Co. will seek a review of the shareholding structure of its alliance with Renault SA, moving to create a more equitable partnership between the two carmakers just days after Carlos Ghosn’s soch arrest. 
  • EU officials are meeting to finalise the Brexit treaty and address last-minute demands from Spain for a say on future decisions about Gibraltar. Spanish Prime Minister Pedro Sanchez has repeated his threat to veto the deal, which is expected to be signed off by member states on Sunday. No single member state holds that power but Brussels wants unanimous approval.

Market data

UK (£)
FTSE 1006,960.32-1.3%-9.5%7.6%
FTSE 25018,530.00-0.3%-10.6%14.7%
FTSE All Share3,815.77-1.1%-9.6%9.0%
FTSE Small Cap5,371.41-0.4%-9.1%14.9%
St. James's Place1,001.500.6%-18.3%20.9%
Europe (€)
Euro Stoxx 600352.57-0.7%-9.4%7.7%
DAX 3011,138.49-0.9%-13.8%12.5%
CAC 404,938.14-0.8%-7.0%9.3%
US (US$)
S&P 5002,649.930.0%-0.9%19.4%
Dow Jones Ind24,464.690.0%-1.0%25.1%
Hang Seng25,892.40-0.5%-13.5%38.5%
Nikkei 22521,646.550.0%-4.9%19.1%
Australia 2005,716.210.4%-5.8%7.0%
MSCI AC Asia Pacific150.690.4%-13.3%28.7%
World (US$)
MSCI World (Developed)1,984.030.0%-5.7%20.1%
MSCI AC World (Dev & Em)477.580.0%-6.9%21.6%
MSCI Emerging Markets975.990.1%-15.8%34.2%
MSCI AC World Value205.52-0.1%-8.3%15.2%
MSCI AC World Growth261.060.0%-5.7%28.3%
Fixed Income
FTSE Gilts All Stocks3,553.36-0.1%-1.0%3.0%
FTSE Index Linked All Stocks631.82-0.8%-2.5%2.3%
ML Sterling Corporate Bonds388.380.0%-3.1%5.7%
ML Global High Yield Bonds369.070.1%-2.2%9.7%
Commodities (US$)
Brent Crude Oil62.60-1.4%-1.1%14.5%
UK Sectors
Basic Materials5,748.55-2.2%-9.0%25.0%
Consumer Goods and Services18,346.82-1.0%-18.0%13.6%
Health Care10,781.13-1.0%13.3%-3.7%
Oil & Gas8,830.00-1.1%-2.5%6.0%
$ per £1.28-0.7%-5.4%9.5%
€ per £1.12-0.6%-0.4%-4.0%
¥ per £144.51-0.6%-5.1%5.3%
VIX Index (Volatility)20.800.0%88.4%-21.4%
Baltic Dry Index1,018.001.0%-25.5%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/E11.58
FTSE All Share Adj P/E11.57
FTSE All Share Yld4.53%
15yr Gilt Yield1.63%
10yr Gilt Yield1.43%
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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