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Investment Market Update

26 February 2019

World markets

FTSE 100 0.1% 7183.74
FTSE 250 -0.1% 19246.98
Euro Stoxx 600 0.3% 372.18
S&P 500 0.1% 2796.11
Nikkei -0.4% 21449.39
Hang Seng (HK$) -0.6% 28771.92


Asian stocks drifted Tuesday as the rush of optimism on US-China trade talks from early Monday faded. While US President Donald Trump raised the possibility of signing a new trade deal with Chinese counterpart Xi Jinping, he also said an agreement “might not happen at all.”


US stocks finished modestly higher on Monday on renewed optimism about a potential US-China trade deal, and ahead of key economic data releases.


UK stocks were higher at the close on Monday, as gains in the Life Insurance/Assurance, Automobiles & Parts and General Industrial sectors propelled shares higher.


  • Chinese car tyres, steel products and ceramic goods will continue to be penalised after Brexit, under trade remedy measures announced by the government. The European Union applies tariffs to imports that have been judged to be traded unfairly. The UK government said that 43 such remedies to trading will be maintained. They will be continued if the UK leaves the EU without an agreement or after the transition period.
  • The US financial regulator has asked a New York judge to hold Tesla boss Elon Musk in contempt for violating a settlement over social media comments. The move by the Securities and Exchange Commission (SEC) comes after he tweeted about the car firm's production. Last year, Mr Musk agreed that he would not make statements about Tesla's financial performance without prior agreement with the company. That settlement followed his tweets in August about taking Tesla private. There was no immediate comment from either Tesla or Mr Musk on the SEC's move. Tesla's share price fell 5% in after-hours trading on Wall Street.

Market data

UK (£)
FTSE 1007,183.740.1%6.8%-12.5%
FTSE 25019,246.98-0.1%10.0%-15.6%
FTSE All Share3,939.760.0%7.2%-13.0%
FTSE Small Cap5,446.850.1%5.2%-12.4%
St. James's Place969.801.4%2.7%-23.0%
Europe (€)
Euro Stoxx 600372.180.3%10.2%-13.2%
DAX 3011,505.390.4%9.0%-18.3%
CAC 405,231.850.3%10.6%-11.0%
US (US$)
S&P 5002,796.110.1%11.5%-6.2%
Dow Jones Ind26,091.950.2%11.9%-5.6%
Hang Seng28,771.92-0.6%11.3%-13.6%
Nikkei 22521,449.39-0.4%7.2%-12.1%
Australia 2006,128.39-0.9%8.5%-6.9%
MSCI AC Asia Pacific160.820.8%9.6%-15.6%
World (US$)
MSCI World (Developed)2,091.830.2%11.0%-10.4%
MSCI AC World (Dev & Em)505.690.3%11.0%-11.2%
MSCI Emerging Markets1,067.640.8%10.5%-16.6%
MSCI AC World Value213.370.3%9.8%-13.2%
MSCI AC World Growth281.950.3%12.2%-9.2%
Fixed Income
FTSE Gilts All Stocks3,660.62-0.3%1.4%0.8%
FTSE Index Linked All Stocks654.29-0.8%1.9%-1.2%
ML Sterling Corporate Bonds402.52-0.1%2.8%-2.4%
ML Global High Yield Bonds384.220.2%5.3%-3.7%
Commodities (US$)
Brent Crude Oil64.76-3.5%19.9%-14.9%
UK Sectors
Basic Materials6,558.70-0.9%13.5%-9.2%
Consumer Goods and Services18,864.21-0.4%8.1%-21.0%
Health Care10,855.700.9%4.2%8.8%
Oil & Gas8,909.13-0.2%5.3%-7.4%
$ per £1.31-0.2%2.4%-6.2%
€ per £1.15-0.1%3.5%-1.3%
¥ per £144.48-0.7%3.3%-8.3%
VIX Index (Volatility)14.859.9%-41.6%160.2%
Baltic Dry Index637.000.5%-49.9%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/E11.50
FTSE All Share Adj P/E11.77
FTSE All Share Yld4.55%
15yr Gilt Yield1.50%
10yr Gilt Yield1.18%
10yr US Tres Yield2.66%

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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