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Investment Market Update

26 September 2018

World markets

FTSE 100 0.7% 7507.56
FTSE 250 -0.1% 20461.06
Euro Stoxx 600 0.5% 383.89
S&P 500 -0.1% 2915.56
Nikkei 0.3% 24012.18
Hang Seng (HK$) 1.7% 27955.14


Asian stocks were mostly up on Wednesday, recovering ground after falling back for a short period on renewed trade war tension between the US and China.


US stocks finished lower on Tuesday as rising interest rates hurt stocks that pay big dividends, while higher oil prices pulled transportation and shipping companies lower.


UK stocks were mixed on Tuesday with the FTSE 100 closing the day higher, as a rise in oil prices helped resource stocks as the oil market firmed due to concerns about the future. 


  • US fashion giant Michael Kors has confirmed a $2.1bn takeover of Versace in a move that has outraged some fans of the Italian fashion house. She called the sale a "very exciting moment" and said it would "allow Versace to reach its full potential".
  • The head of Argentina's central bank has resigned amid reports of a row over policies to restore confidence in the country's ailing economy. Luis Caputo had only held the post since June, and the surprise resignation sent the peso falling further against the US dollar.

Market data

UK (£)
FTSE 1007,507.560.7%-2.3%7.6%
FTSE 25020,461.06-0.1%-1.3%14.7%
FTSE All Share4,131.850.5%-2.1%9.0%
FTSE Small Cap5,827.160.2%-1.4%14.9%
St. James's Place1,134.500.3%-7.5%20.9%
Europe (€)
Euro Stoxx 600383.890.5%-1.4%7.7%
DAX 3012,374.660.2%-4.2%12.5%
CAC 405,479.100.1%3.1%9.3%
US (US$)
S&P 5002,915.56-0.1%9.0%19.4%
Dow Jones Ind26,492.21-0.3%7.2%25.1%
Hang Seng27,955.141.7%-6.6%38.5%
Nikkei 22524,012.180.3%5.5%19.1%
Australia 2006,187.000.0%2.0%7.0%
MSCI AC Asia Pacific165.580.3%-4.7%28.7%
World (US$)
MSCI World (Developed)2,194.200.1%4.3%20.1%
MSCI AC World (Dev & Em)526.090.0%2.5%21.6%
MSCI Emerging Markets1,041.78-0.1%-10.1%34.2%
MSCI AC World Value220.44-0.2%-1.6%15.2%
MSCI AC World Growth295.180.2%6.6%28.3%
Fixed Income
FTSE Gilts All Stocks3,518.96-0.3%-2.0%3.0%
FTSE Index Linked All Stocks626.44-0.3%-3.3%2.3%
ML Sterling Corporate Bonds391.19-0.2%-2.4%5.7%
ML Global High Yield Bonds379.570.0%0.6%9.7%
Commodities (US$)
Brent Crude Oil81.870.8%27.9%14.5%
UK Sectors
Basic Materials6,283.221.6%-0.5%25.0%
Consumer Goods and Services19,745.370.0%-11.7%13.6%
Health Care10,637.501.2%11.8%-3.7%
Oil & Gas9,879.962.5%9.0%6.0%
$ per £1.31-0.3%-2.9%9.5%
€ per £1.12-0.3%-0.9%-4.0%
¥ per £147.85-0.6%-2.9%5.3%
VIX Index (Volatility)12.421.8%12.5%-21.4%
Baltic Dry Index1,450.001.1%6.1%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.80%
Consumer Price Index2.70%
Retail Price Index3.50%
Yields / Ratios
FTSE 100 Adj P/E12.55
FTSE All Share Adj P/E12.55
FTSE All Share Yld4.13%
15yr Gilt Yield1.78%
10yr Gilt Yield1.63%
10yr US Tres Yield3.10%

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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