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Investment Market Update

30 October 2018

World markets

FTSE 100 1.3% 7026.32
FTSE 250 1.2% 18566.82
Euro Stoxx 600 0.9% 355.51
S&P 500 -0.7% 2641.25
Nikkei 1.5% 21457.29
Hang Seng (HK$) -0.8% 24617.59


Asian stocks recouped early losses and crept higher on Tuesday as China made a fresh attempt to stabilize its stock markets. 


US stocks fell on Monday after a Bloomberg report that the United States is preparing to announce tariffs on all remaining Chinese imports by early December, if talks next month between presidents Donald Trump and Xi Jinping falter.


UK stocks closed higher on Monday as HSBC led a rally in banking stocks after strong results, and investors digested finance minister Philip Hammond's pledge to raise public spending and cut taxes for households in his annual budget.


  • Technology giants will be forced to pay tax on the sales they generate in the UK, under new plans announced in the Budget. Chancellor Philip Hammond plans to introduce a digital services tax from April 2020 following a consultation. He said "established tech giants" will be targeted rather than start-ups.
  • China plans to deepen its foreign-exchange markets to encourage both domestic and overseas players to trade and borrow external currencies more onshore, in the latest step toward fostering a global role for its financial system.

Market data

UK (£)
FTSE 1007,026.321.3%-8.6%7.6%
FTSE 25018,566.821.2%-10.4%14.7%
FTSE All Share3,846.971.2%-8.9%9.0%
FTSE Small Cap5,404.130.9%-8.6%14.9%
St. James's Place982.601.3%-19.9%20.9%
Europe (€)
Euro Stoxx 600355.510.9%-8.7%7.7%
DAX 3011,335.481.2%-12.2%12.5%
CAC 404,989.350.4%-6.1%9.3%
US (US$)
S&P 5002,641.25-0.7%-1.2%19.4%
Dow Jones Ind24,442.92-1.0%-1.1%25.1%
Hang Seng24,617.59-0.8%-17.7%38.5%
Nikkei 22521,457.291.5%-5.7%19.1%
Australia 2005,805.101.3%-4.3%7.0%
MSCI AC Asia Pacific145.80-0.5%-16.1%28.7%
World (US$)
MSCI World (Developed)1,975.70-0.3%-6.1%20.1%
MSCI AC World (Dev & Em)473.52-0.3%-7.7%21.6%
MSCI Emerging Markets934.80-0.5%-19.3%34.2%
MSCI AC World Value203.200.3%-9.3%15.2%
MSCI AC World Growth259.57-1.0%-6.2%28.3%
Fixed Income
FTSE Gilts All Stocks3,583.16-0.2%-0.2%3.0%
FTSE Index Linked All Stocks648.10-0.2%0.0%2.3%
ML Sterling Corporate Bonds395.54-0.1%-1.3%5.7%
ML Global High Yield Bonds373.110.1%-1.1%9.7%
Commodities (US$)
Brent Crude Oil77.34-0.4%21.5%14.5%
UK Sectors
Basic Materials5,748.101.2%-9.0%25.0%
Consumer Goods and Services19,386.04-0.5%-13.3%13.6%
Health Care10,488.341.9%10.2%-3.7%
Oil & Gas9,019.570.9%-0.4%6.0%
$ per £1.280.2%-5.1%9.5%
€ per £1.130.1%-0.1%-4.0%
¥ per £143.57-0.3%-5.7%5.3%
VIX Index (Volatility)24.702.2%123.7%-21.4%
Baltic Dry Index1,519.000.0%11.2%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.81%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.81
FTSE All Share Adj P/E10.84
FTSE All Share Yld4.46%
15yr Gilt Yield1.58%
10yr Gilt Yield1.40%
10yr US Tres Yield3.08%

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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