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Investment Market Update

31 January 2019

World markets

FTSE 100 1.6% 6941.63
FTSE 250 0.7% 18827.97
Euro Stoxx 600 0.4% 358.51
S&P 500 1.6% 2681.05
Nikkei 1.1% 20773.49
Hang Seng (HK$) 1.0% 27914.44


Asian stocks rallied as the Federal Reserve signaled it is putting further interest-rate increases on hold, boosting emerging-market equities and currencies.


US stocks rallied and the dollar fell after the Federal Reserve signaled a stark dovish turn in its latest policy statement


UK stocks closed higher, led by British American Tobacco, which rose 4.4% to £26.21, after analysts upgraded its stock from "neutral" to "overweight".


  • The European Union is prepared to take Brexit down to a last-minute, high-stakes summit rather than cave into UK Prime Minister Theresa May’s demands over the next few weeks.
  • Central banks in Chile, Indonesia, Mexico, the Philippines, Russia, South Africa, and Thailand are among those that have raised rates in recent months, some seeking to diminish the dollar’s rise against their currencies.

Market data

UK (£)
FTSE 1006,941.631.6%3.2%-12.5%
FTSE 25018,827.970.7%7.6%-15.6%
FTSE All Share3,816.671.4%3.9%-13.0%
FTSE Small Cap5,349.680.2%3.3%-12.4%
St. James's Place952.000.7%0.8%-23.0%
Europe (€)
Euro Stoxx 600358.510.4%6.2%-13.2%
DAX 3011,181.66-0.3%5.9%-18.3%
CAC 404,974.760.9%5.2%-11.0%
US (US$)
S&P 5002,681.051.6%6.9%-6.2%
Dow Jones Ind25,014.861.8%7.2%-5.6%
Hang Seng27,914.441.0%8.0%-13.6%
Nikkei 22520,773.491.1%3.8%-12.1%
Australia 2005,864.65-0.4%3.9%-6.9%
MSCI AC Asia Pacific154.720.3%5.5%-15.6%
World (US$)
MSCI World (Developed)2,010.961.1%6.7%-10.4%
MSCI AC World (Dev & Em)486.711.0%6.8%-11.2%
MSCI Emerging Markets1,036.630.7%7.3%-16.6%
MSCI AC World Value206.790.6%6.4%-13.2%
MSCI AC World Growth269.491.5%7.3%-9.2%
Fixed Income
FTSE Gilts All Stocks3,642.050.1%0.9%0.8%
FTSE Index Linked All Stocks647.550.2%0.8%-1.2%
ML Sterling Corporate Bonds398.580.2%1.8%-2.4%
ML Global High Yield Bonds377.930.2%3.6%-3.7%
Commodities (US$)
Brent Crude Oil61.650.5%14.6%-14.9%
UK Sectors
Basic Materials6,219.992.1%7.6%-9.2%
Consumer Goods and Services18,024.012.1%3.3%-21.0%
Health Care10,060.781.7%-3.4%8.8%
Oil & Gas8,471.871.7%0.1%-7.4%
$ per £1.310.6%3.1%-6.2%
€ per £1.150.5%3.3%-1.3%
¥ per £143.690.4%2.8%-19.7%
VIX Index (Volatility)17.66-7.7%-30.5%160.2%
Baltic Dry Index721.00-9.5%-43.3%3.3%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.93%
Consumer Price Index2.10%
Retail Price Index2.70%
Yields / Ratios
FTSE 100 Adj P/E11.59
FTSE All Share Adj P/E11.82
FTSE All Share Yld4.69%
15yr Gilt Yield1.46%
10yr Gilt Yield1.25%
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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