In the US, Donald Trump is the new President of the United States, with one of the tightest races in US history turning out to be a routine affair in the end. For the week, the S&P 500 and NASDAQ closed 4.68% and 5.90% higher respectively. In Europe, final October manufacturing and services PMIs were released for the Euro Area last week. In the UK, the Bank of England (BoE) cut interest rates for the second time this year, with a further 25bps cut bringing the base rate down to 4.75%. For the week, European and UK markets closed lower, down between -0.84% and -1.73%. In Ireland, new research from renewable energy company Statkraft has found that over half of Irish businesses who took part in their recent survey use electricity from renewable sources. In Asia Pacific, China recorded its largest trade surplus since June of this year, with a surplus of $95.27bn in October.
MARKET WEEKLY REVIEW
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Weekly Market Review: 11th of November 2024
The Week in Numbers
Key Events
Stay Informed with Our Seaspray Private Weekly Financial Market Review
Get the latest insights on global financial markets with our Weekly Market Review. In it we discuss the key financial headlines from the U.S, Europe, UK, Ireland, and Asia-Pacific, along with in-depth analysis of major asset classes, including:
Equities – U.S, Europe, and UK market trends
Bonds – Interest rate movements and fixed-income insights
Commodities – Oil, gold, and other key market drivers
Stay ahead of market trends with our expert insights. Read the latest update now!