Andrew J. Spillane Wealth Management Ltd

Partner Practice of St. James's Place Wealth Management


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Investment Market Update

25 October 2018

World markets

FTSE 100 0.1% 6962.98
FTSE 250 0.3% 18406.48
Euro Stoxx 600 -0.2% 353.27
S&P 500 -3.1% 2656.10
Nikkei -3.8% 21249.20
Hang Seng (HK$) -2.1% 24726.20


Asian stocks fell, led by declines in semiconductor makers and other technology-oriented shares, after another rush of selling on Wall Street.


US stocks fell, confirming a correction for the Nasdaq and erasing the Dow and S&P 500's gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled nerves about economic and profit growth.


UK stocks rose, as the index was boosted by weakness in the British pound linked to Brexit. Gains in shares of Barclays PLC, which reported upbeat results, also helped keep the index aloft.


  • Further evidence of the slow-down in the property market has emerged, with fewer people taking out new mortgages to buy a home. Britain's High Street banks approved 38,505 such loans in September, a drop of 10.1% on the same month last year.
  • Debenhams has confirmed record annual losses and said it will close up to 50 under-performing stores. In the year to September it lost £491.5m, against profits of £59m the year before.

Market data

UK (£)
FTSE 1006,962.980.1%-9.4%7.6%
FTSE 25018,406.480.3%-11.2%14.7%
FTSE All Share3,815.790.2%-9.6%9.0%
FTSE Small Cap5,481.700.4%-7.3%14.9%
St. James's Place970.20-1.0%-20.9%20.9%
Europe (€)
Euro Stoxx 600353.27-0.2%-9.2%7.7%
DAX 3011,191.63-0.7%-13.4%12.5%
CAC 404,953.09-0.3%-6.8%9.3%
US (US$)
S&P 5002,656.10-3.1%-0.7%19.4%
Dow Jones Ind24,583.42-2.4%-0.5%25.1%
Hang Seng24,726.20-2.1%-17.4%38.5%
Nikkei 22521,249.20-3.8%-6.7%19.1%
Australia 2005,664.07-2.8%-6.6%7.0%
MSCI AC Asia Pacific149.78-0.4%-13.8%28.7%
World (US$)
MSCI World (Developed)1,988.62-2.2%-5.5%20.1%
MSCI AC World (Dev & Em)477.29-2.1%-7.0%21.6%
MSCI Emerging Markets953.05-0.8%-17.7%34.2%
MSCI AC World Value203.60-1.6%-9.1%15.2%
MSCI AC World Growth263.20-2.5%-4.9%28.3%
Fixed Income
FTSE Gilts All Stocks3,567.490.2%-0.6%3.0%
FTSE Index Linked All Stocks642.260.4%-0.9%2.3%
ML Sterling Corporate Bonds395.050.2%-1.4%5.7%
ML Global High Yield Bonds374.44-0.1%-0.8%9.7%
Commodities (US$)
Brent Crude Oil76.17-0.4%19.7%14.5%
UK Sectors
Basic Materials5,611.10-1.0%-11.2%25.0%
Consumer Goods and Services19,348.330.8%-13.5%13.6%
Health Care10,543.950.4%10.8%-3.7%
Oil & Gas8,992.46-0.3%-0.7%6.0%
$ per £1.300.9%-3.8%9.5%
€ per £1.130.1%0.5%-4.0%
¥ per £145.830.6%-4.2%5.3%
VIX Index (Volatility)25.2321.8%128.5%-21.4%
Baltic Dry Index1,546.00-2.0%13.2%42.1%
UK Rates
BoE Base Rate0.75%
LIBOR (3 months)0.80%
Consumer Price Index2.40%
Retail Price Index3.30%
Yields / Ratios
FTSE 100 Adj P/E11.76
FTSE All Share Adj P/E10.79
FTSE All Share Yld4.48%
15yr Gilt Yield1.63%
10yr Gilt Yield1.46%
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.


Andrew J. Spillane Wealth Management Ltd

Andrew J. Spillane Wealth Management Ltd

Partner Practice of St. James's Place Wealth Management

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