Weekly Market Review: 25th of November 2024

In the US, President Elect Donald Trump has begun making key cabinet appointments, after his emphatic win in the recent US election. For the week, the S&P 500 and NASDAQ closed higher, up 1.62% and 1.42% respectively. In Europe, wages across the Eurozone have risen at their fastest rate since 1993 in the three months to September, rising by 5.4%. In the UK, inflation data was released for October. For the week, markets were mixed, with the Eurostoxx50 down -0.13% while the STOXX600 and FTSE 100 finished 1.13% and 2.38% higher respectively. In Ireland, October saw a record level of wind generation recorded in Ireland, with 35% of the country’s total electricity being provided by wind energy. In Asia Pacific, Chinese companies may have to share Intellectual Properties (IP’s) and establish factories in Europe if they wish to avail of subsidies worth €1bn to develop batteries in the EU.