Andrew J. Spillane Wealth Management Ltd

Partner Practice of St. James's Place Wealth Management


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Investment Market Update

29 October 2018

World markets

FTSE 100 -0.9% 6939.56
FTSE 250 -1.0% 18352.90
Euro Stoxx 600 -0.8% 352.34
S&P 500 -1.7% 2658.69
Nikkei -0.2% 21149.80
Hang Seng (HK$) -0.1% 24704.52


Asian stock markets gave up an early lead, with Chinese stocks leading the declines, amid worries about US-China trade relations and continued tech-stock weakness on Wall Street.


US stocks closed lower with the S&P 500 and the Dow Jones Industrial Average turning red for the year as doubts about whether equities can count on support from corporate earnings emerged in the wake of disappointing results from a handful of mega-cap companies.


UK stocks closed lower with the FTSE 100 closing 64 points lower at 6,939.56.


  • The US economy grew at an annualised rate of 3.5% in the third quarter of the year, official figures have shown. The US Commerce Department said strong consumer and government spending helped to bolster the economy. But lower exports weighed on growth, after a surge earlier in the year as firms rushed shipments to beat tariffs.
  • The government will set a new Budget if it is unable to reach a Brexit deal with the EU, the chancellor has said. Philip Hammond said a no-deal Brexit would require a "different response", with "fiscal buffers" being maintained to provide support for the economy. Mr Hammond was speaking on the eve of his Budget, which he will present to the Commons on Monday.

Market data

UK (£)
FTSE 1006,939.56-0.9%-9.7%7.6%
FTSE 25018,352.90-1.0%-11.5%14.7%
FTSE All Share3,800.41-0.9%-10.0%9.0%
FTSE Small Cap5,354.70-1.4%-9.4%14.9%
St. James's Place969.80-1.4%-20.9%20.9%
Europe (€)
Euro Stoxx 600352.34-0.8%-9.5%7.7%
DAX 3011,200.62-0.9%-13.3%12.5%
CAC 404,967.37-1.3%-6.5%9.3%
US (US$)
S&P 5002,658.69-1.7%-0.6%19.4%
Dow Jones Ind24,688.31-1.2%-0.1%25.1%
Hang Seng24,704.52-0.1%-17.4%38.5%
Nikkei 22521,149.80-0.2%-7.1%19.1%
Australia 2005,728.161.1%-5.6%7.0%
MSCI AC Asia Pacific146.60-0.2%-15.7%28.7%
World (US$)
MSCI World (Developed)1,981.89-1.2%-5.8%20.1%
MSCI AC World (Dev & Em)475.11-1.2%-7.4%21.6%
MSCI Emerging Markets939.55-1.0%-18.9%34.2%
MSCI AC World Value202.54-0.9%-9.6%15.2%
MSCI AC World Growth262.16-1.5%-5.3%28.3%
Fixed Income
FTSE Gilts All Stocks3,589.900.5%0.0%3.0%
FTSE Index Linked All Stocks649.300.9%0.2%2.3%
ML Sterling Corporate Bonds396.130.3%-1.2%5.7%
ML Global High Yield Bonds372.82-0.2%-1.2%9.7%
Commodities (US$)
Brent Crude Oil77.620.9%22.0%14.5%
UK Sectors
Basic Materials5,678.29-0.2%-10.1%25.0%
Consumer Goods and Services19,487.96-0.4%-12.8%13.6%
Health Care10,287.74-1.1%8.1%-3.7%
Oil & Gas8,941.45-0.7%-1.3%6.0%
$ per £1.280.0%-5.1%9.5%
€ per £1.130.2%0.1%-4.0%
¥ per £144.400.6%-5.1%5.3%
VIX Index (Volatility)24.16-0.2%118.8%-21.4%
Baltic Dry Index1,519.000.2%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/E11.72
FTSE All Share Adj P/E10.74
FTSE All Share Yld4.51%
15yr Gilt Yield1.57%
10yr Gilt Yield1.38%
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.


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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