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Investment Market Update

31 August 2018

World markets

FTSE 100 -0.6% 7516.03
FTSE 250 -0.2% 20691.75
Euro Stoxx 600 -0.3% 385.36
S&P 500 -0.4% 2901.13
Nikkei 0.0% 22872.67
Hang Seng (HK$) -0.9% 27919.09


Asian stocks were mixed on the final trading day of the month as President Donald Trump’s plans to impose new tariffs on China and renewed turmoil in emerging markets weighed on investor sentiment.


US stocks closed lower after a Bloomberg report suggested President Trump was backing plans to move ahead with tariffs on $200 billion in Chinese imports as early as next week.


UK stocks closed down following a fall in emerging market currencies, and continued uncertainty about US-China trade tensions.


  • Coca-Cola is to buy the Costa coffee chain for £3.9bn, after owner Whitbread demerged it earlier this year. Whitbread said its board had unanimously approved the deal as being in the best interests of shareholders. Whitbread chief executive Alison Brittain said the deal would combine the Costa brand with Coca-Cola's global scale, product and distribution capabilities.
  • DIY retailer Homebase faces a make-or-break vote on its future on Friday as it teeters on the brink of collapse. The chain - where 70% of outlets are losing money - has proposed closing 42 stores and cutting rents on others as part of a rescue plan. But some landlords plan to vote against the deal, or Company Voluntary Arrangement, saying it penalises them.

Market data

UK (£)
FTSE 1007,516.03-0.6%-2.2%7.6%
FTSE 25020,691.75-0.2%-0.2%14.7%
FTSE All Share4,143.65-0.6%-1.9%9.0%
FTSE Small Cap5,853.90-0.4%-1.0%14.9%
St. James's Place1,132.00-1.9%-7.7%20.9%
Europe (€)
Euro Stoxx 600385.36-0.3%-1.0%7.7%
DAX 3012,494.24-0.5%-3.3%12.5%
CAC 405,478.06-0.4%3.1%9.3%
US (US$)
S&P 5002,901.13-0.4%8.5%19.4%
Dow Jones Ind25,986.92-0.5%5.1%25.1%
Hang Seng27,919.09-0.9%-6.7%38.5%
Nikkei 22522,872.670.0%0.5%19.1%
Australia 2006,319.50-0.5%4.2%7.0%
MSCI AC Asia Pacific166.05-0.3%-4.5%28.7%
World (US$)
MSCI World (Developed)2,181.56-0.4%3.7%20.1%
MSCI AC World (Dev & Em)524.28-0.5%2.2%21.6%
MSCI Emerging Markets1,057.84-1.2%-8.7%34.2%
MSCI AC World Value218.06-0.6%-2.7%15.2%
MSCI AC World Growth296.23-0.4%7.0%28.3%
Fixed Income
FTSE Gilts All Stocks3,589.680.3%0.0%3.0%
FTSE Index Linked All Stocks637.610.2%-1.6%2.3%
ML Sterling Corporate Bonds396.360.2%-1.1%5.7%
ML Global High Yield Bonds376.61-0.1%-0.2%9.7%
Commodities (US$)
Brent Crude Oil77.770.8%20.8%14.5%
UK Sectors
Basic Materials5,989.61-1.1%-5.2%25.0%
Consumer Goods and Services20,366.06-0.6%-8.9%13.6%
Health Care10,915.67-0.2%14.7%-3.7%
Oil & Gas9,450.660.4%4.3%6.0%
$ per £1.300.0%-3.8%9.5%
€ per £1.11-0.4%-1.3%-4.0%
¥ per £145.330.4%-4.5%5.3%
VIX Index (Volatility)13.5310.4%22.6%-21.4%
Baltic Dry Index1,614.00-2.8%18.2%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.80%
Consumer Price Index2.50%
Retail Price Index3.20%
Yields / Ratios
FTSE 100 Adj P/E12.47
FTSE All Share Adj P/E12.52
FTSE All Share Yld4.11%
15yr Gilt Yield1.59%
10yr Gilt Yield1.45%
10yr US Tres Yield2.85%

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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