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 last quarter of 2024 rounded off a year of remarkable technical breakthroughs as evidenced by Google’s new quantum computer and SpaceX’s success in recapturing its Starship rocket.
Together with the continued success rally of artificial intelligence (prominently displayed with Nvidia’s stock return of 171% by year-end), these developments, may have contributed toward the Dow Jones Industrial Average index soaring to a new all-time high of 43,000 points in October.
2024 was a pivotal election year. In the fourth quarter Donald Trump secured his re-election as the 47th president of the United States.
However, the political scene also witnessed several unexpected changes towards the end of the year: In Germany, Chancellor Olaf Scholz lost the vote of confidence, leading to the dissolution of his coalition. In France, the political landscape was shaken as Emanuel Macron’s government failed to secure support for its proposed reforms leading to a call for early elections.
The year ended with a significant turn of events in the Middle East, as the Assad regime in Syria was overthrown after 25 years, leaving the nation with a mix of hope and uncertainty for the future.
According to Copernicus, 2024 was the first year during which the average global temperature exceeded the 1.5C threshold set in the Paris Agreement. Extreme weather events like Hurricanes Milton and Helene or the floods in Valencia in the last three months affected people globally.
In other news, Notre Dame’s bells rang out for the first time since the disastrous fire in 2019, Rafael Nadal ended his career after 23 years and 22 Grand-Slams titles, Taylor Swift concluded her record-breaking Eras Tour with USD 2.1 billion in ticket sales and “brat” was named as word of the year.
We are pleased to present once more our Quarterly Brief, a publication that offers objective market data, which will keep readers abreast of the latest developments in the relevant financial markets.
We wish you all the best and look forward to discussing your questions regarding valuation trends and practices.
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Jim Calvert
Director
KPMG in Ireland