Latest Irish Life weekly markets update

Key talking points include

• Global markets gave back some of the post-election gains with major indices retreating for the week on concerns that the US Federal Reserve will not rush into aggressive rate cuts in the period ahead. 
• The S&P 500 fell by 0.1% (MTD 6.1%, YTD 30.6%), while the Euro Stoxx 50 fell by 0.2% (MTD -0.7%, YTD 9.3%). In local currency terms the S&P 500 fell by 2.1%.
• This week is a relatively quiet week for macro data, with attention focused on manufacturing and services purchasing managers' index (PMI) figures (Friday). Nvidia’s Q3 earnings due after the close (Wednesday) will be a critical indicator for the AI investment narrative.