KPMG Valuations - Ireland are pleased to present our Quarterly Brief, a publication that offers objective market data, which will keep readers abreast of the latest developments in the relevant financial markets.
The new year started with a lot of turbulence, much like the previous year ended. Headlines about the door blowout of an Alaska Airways Boeing 737 aircraft were just one of several mishaps surrounding the troubled aircraft manufacturer. In addition to the ongoing conflicts in Ukraine, the Gaza Strip, and Lebanon, there were two major terrorist attacks in Moscow and Iran.
Ongoing transport problems in the Red Sea, caused by attacks from Houthi rebels in solidarity with Palestine, are unsettling shipping and causing problems for global trade. In addition to the incidents in the Red Sea, maritime incidents also unfolded in the Western world, such as a freighter ramming a bridge in the harbour of Baltimore. However, the anticipated consequences for global supply chains largely failed to materialize.
Another topic of interest in the first quarter of 2024 was the election and presentation of the official presidential candidates for both the Republicans and the Democrats in the United States, setting the stage for a revival of the 2021 election. Apart from these events, the first quarter saw a near-doubling of the Bitcoin price, which was fuelled by the approval of Bitcoin funds by the US Securities and Exchange Commission (SEC).
We wish you all the best in these persistently volatile times and look forward to discussing your questions regarding valuation trends and practices.
Get in touch
We would be delighted to hear from you on any valuation queries. Please get in touch to see how we may help. Our contact details are provided below.
Jim Calvert
Director
KPMG in Ireland
