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Investment Market Update

28 February 2019

World markets

FTSE 100 -0.6% 7107.20
FTSE 250 -0.6% 19153.75
Euro Stoxx 600 -0.3% 372.58
S&P 500 -0.1% 2792.38
Nikkei -0.8% 21385.16
Hang Seng (HK$) -0.2% 28699.29


Asian stocks fell as investors dialled back some of their recent optimism about a US-China trade deal.


US stocks inched lower for the second consecutive session, pausing their early-year rally as analysts weighed comments from US Trade Representative Robert Lighthizer and the latest batch of corporate earnings.


UK stocks fell as sterling pushed to a seven-month high against the US dollar and 21-month high versus the euro amid increased expectations that a no-deal Brexit will be avoided.


  • A summit between US President Donald Trump and the North Korean leader Kim Jong-un has ended with no agreement, the White House announced. "No agreement was reached at this time, but their respective teams look forward to meeting in the future," spokeswoman Sarah Sanders said in a statement.
  • Customers suffered dozens of online banking shutdowns last year, according to new figures that reveal the scale of banks' IT problems for the first time. UK banks have begun publishing the number of operational and security incidents that have occurred on their sites, under a voluntary scheme overseen by the financial regulator.

Market data

UK (£)
FTSE 1007,107.20-0.6%5.6%-12.5%
FTSE 25019,153.75-0.6%9.4%-15.6%
FTSE All Share3,902.74-0.6%6.2%-13.0%
FTSE Small Cap5,440.180.0%5.1%-12.4%
St. James's Place941.20-3.6%-0.3%-23.0%
Europe (€)
Euro Stoxx 600372.58-0.3%10.3%-13.2%
DAX 3011,487.33-0.5%8.8%-18.3%
CAC 405,225.35-0.3%10.5%-11.0%
US (US$)
S&P 5002,792.38-0.1%11.4%-6.2%
Dow Jones Ind25,985.16-0.3%11.4%-5.6%
Hang Seng28,699.29-0.2%11.0%-13.6%
Nikkei 22521,385.16-0.8%6.8%-12.1%
Australia 2006,168.990.3%9.3%-6.9%
MSCI AC Asia Pacific160.11-0.1%9.1%-15.6%
World (US$)
MSCI World (Developed)2,092.120.0%11.1%-10.4%
MSCI AC World (Dev & Em)505.400.0%10.9%-11.2%
MSCI Emerging Markets1,061.26-0.3%9.9%-16.6%
MSCI AC World Value213.270.1%9.7%-13.2%
MSCI AC World Growth281.74-0.1%12.1%-9.2%
Fixed Income
FTSE Gilts All Stocks3,617.44-0.8%0.2%0.8%
FTSE Index Linked All Stocks638.20-1.1%-0.6%-1.2%
ML Sterling Corporate Bonds400.29-0.4%2.2%-2.4%
ML Global High Yield Bonds385.460.2%5.7%-3.7%
Commodities (US$)
Brent Crude Oil66.391.8%22.9%-14.9%
UK Sectors
Basic Materials6,519.64-0.2%12.8%-9.2%
Consumer Goods and Services18,527.90-1.2%6.2%-21.0%
Health Care10,719.87-0.3%2.9%8.8%
Oil & Gas8,833.26-0.3%4.4%-7.4%
$ per £1.33-0.4%4.0%-6.2%
€ per £1.16-0.5%4.6%-1.3%
¥ per £146.73-0.6%5.0%-8.3%
VIX Index (Volatility)14.70-3.1%-42.2%160.2%
Baltic Dry Index651.000.3%-48.8%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/E11.33
FTSE All Share Adj P/E11.65
FTSE All Share Yld4.56%
15yr Gilt Yield1.60%
10yr Gilt Yield1.27%
10yr US Tres Yield2.68%

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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