Monday, 6 January 2025
The Mighty Headlines
Business: UK’s market for new cars rises by 2.4 per cent in 2024
Markets: US stocks rise on Friday after a difficult week
Foreign Affairs: Antony Blinken meets South Korea Foreign Minister today
Security and intelligence: US announces $8 billion worth of weapons for Israel
Domestic politics: UK Parliament debates a new General Election today
The Mighty Stats
FTSE = 8,223.98 (down 0.44 per cent at Friday close)
S&P500 = 5,942.47 (up 1.26 per cent at Friday close)
Nasdaq = 19,621.68 (up 1.77 per cent at Friday close)
CAC40 = 7,282.22 (down 1.51 per cent at Friday close)
£1 = $1.24 / €1.21
UK: Con / Lab / Reform = 23 / 30 / 22 per cent
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The Mighty Detail
Business: The new car market in the UK increased by 2.6 per cent in 2024 compared with the year before. Around 1.95 million new cars were registered in 2024. The increase was driven by business purchases, which increased by 11.8 per cent. Private purchases fell by 8.7 per cent to around 746,000 vehicles.
Markets: After an uncertain start to the new year, US stocks closed up on Friday. The Nasdaq rose the most during the day, closing up by 1.77 per cent. Tech stocks more broadly continue to rise, with chipmaker Nvidia up by 4.7 per cent on Friday and server maker Super Micro Computer up by 10.9 per cent.
Foreign Affairs: US Secretary of State, Antony Blinken, is in South Korea today where he will meet his counterpart, Cho Tae-yul. Separately, the arrest warrant for President Yoon Suk Yeol also expires today. Yoon unsuccessfully imposed martial law on the country in December. His security guards and the military have prevented his arrest so far.
Security and intelligence: The US Government has notified the US Congress of its intention to deliver $8 billion of weapons to Israel. The weapons would likely take several years to deliver and would bring total US military aid to Israel to nearly $18 billion since October 2023.
Domestic politics: The UK Parliament returns today, after the Christmas recess, where it will discuss a petition on holding another UK General Election. The petition has received 3 million signatures. Any petition which receives over 100,000 signatures is considered for debate in Parliament.
The Mighty Calendar
What’s happening today?
US Congress Electoral College vote count
US Secretary of State visits South Korea
US National Security Adviser visits India
Defence Questions in UK Parliament
UK, US, France, Italy, Spain, Germany, Eurozone services growth data (December)
Germany CPI inflation data (December)
Lookahead to tomorrow
Orthodox Christmas
10th anniversary of the Charlie Hebdo attack in Paris
Health Questions in UK Parliament
UK house price data (December)
France, Italy, Eurozone CPI inflation data (December)
US, Canada trade data (November)
Company results from: Next
The Mighty Finale
🌤️Weather today
Gusty wind and light rain in London. High of 12C and low of 1C. Light rain in Belfast. Sleet in Edinburgh.
✏️Life coaching quote of the day
“You draw out of the world what you put into it. Want to attract reliable people? Be reliable. Want to attract trustworthy people? Be trustworthy. Want to attract welcoming people? Be welcoming.
Want to attract exceptional people? Be exceptional.” – James Clear, writer and speaker
Mighty takeaway: Be the kind of person you wish to attract into your life.
That’s it for this Monday. We’ll see you tomorrow!
Cheerio!
The Mighty Memo team