Latest Irish Life weekly markets update

Key talking points include:

• Global markets extended their recovery after a moderate drawdown in mid-November and are again approaching record highs amid investor hopes for an interest rate cut from the Federal Reserve at its upcoming meeting.
• The S&P 500 rose by 0.4% (MTD 0.4%, YTD 18.2%) while the Euro Stoxx 600 rose by 0.4% (MTD 0.4%, YTD 14.0%).

• This week, all eyes will be on Wednesday's rate decision from the Fed. Market futures are currently pricing in a ~90% chance of a 0.25% rate cut. We also get US job openings data along with Producer Price Inflation data.