By Business & Finance 
Global equities remained steady but it was Ireland that was the top performer across all major global markets increasing by 1.9%. Ian Slattery reports.
Ian Slattery
Markets drifted last week, with lighter trading volumes as the influential US market was closed for Thanksgiving on Thursday.
‘Black Friday’ online sales in the US hit a record level, further underscoring the shift to online retailers at the expense of more traditional outlets.
‘Black Friday’ online sales in the US hit a record level
Chinese factory activity unexpectedly jumped in November, and Q3 US GDP saw an upward revision on its second reading. Both of these releases, along with some M&A announcements, do point towards a more stable global outlook, but markets are now looking to developments in the US-China trade talks as the next key influence on sentiment.
UK markets were hit on Friday following the London Bridge attack, which has swung law and security into the front and centre of the general election campaign.
Equities
Global equities remained steady last week climbing slightly by 0.1%. Ireland was the top performer across all major global markets increasing by 1.9%.
Fixed Income & FX
The US 10-year yield finished at 1.85% last week. The German equivalent finished at -0.28%. The Irish 10 year bond yield finished at 0.09%. The Euro/U.S. Dollar exchange rate finished at 1.10, whilst Euro/GBP was at 0.86.
Commodities
Oil finished the week at $56 per barrel. Gold finished the week at $1,456 per troy ounce. Copper increased to $5,843 per tonne.
The week ahead
Wednesday 4th December:
US, Chinese, and UK Services PMI data all goes to market.
Thursday 5th December:
The 3rd estimate of Eurozone GDP is released.
Friday 6th December:
US non-farm payrolls go to print, where new jobs figures and the unemployment rate will be closely monitored.
