Weekly Market Review: 13th of January 2025

In the US, the minutes from the final Federal Reserve meeting were released last week. For the week, the S&P 500 and NASDAQ closed lower, down -2.83% and -3.48% respectively.  In Europe, the final inflation print of 2024 was published for the Euro Area last week. In the UK, bond yields reached their highest point in multiple decades last week, as borrowing costs hit their highest level since the Global Financial Crisis. For the week European and UK indices gained between 0.46% and 1.57%.  In Ireland, on a positive note for the Irish Agribusiness sector, the export of food and drink hit a record high in 2024, with €17bn of food, drink and horticulture exports. In Asia Pacific, the rate of inflation for China slowed once again in December to 0.1%, in line with market estimates and the lowest rate recorded since March of 2024.