In the US, Gross Domestic Product (GDP) for the second quarter of 2024 was confirmed at 3% last week. For the week, US equities closed higher, with the S&P 500 closing +0.44% while the NASDAQ closed +0.79%. In Europe, the Swiss National Bank (SNB) once again reduced its interest rate, cutting its policy rate to 1%. In the UK, the OECD has lifted its GDP outlook for the country for both 2024 and 2025, due in large part to higher wage growth and expectations of a lower interest rate. For the week, European and UK indices closed higher, up between +1.26% and +3.85%. In Ireland, the Irish economy is expected to grow by 2.3% in 2024, according to a recent report by EY. In Asia, China last week announced a raft of stimulus measures that aim to increase growth in the world’s second largest economy.
MARKET WEEKLY REVIEW
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Weekly Market Review: 30th of September 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!