at the end of 2025.
Climate deal at COP29
At the COP29 climate conference in Azerbaijan, developed nations pledged to provide $300 billion annually to poorer countries to tackle climate change. This deal replaces an earlier commitment to provide $100 billion a year. Meanwhile, Sir Richard Branson, billionaire founder of Virgin, said that “we can overcome climate change” if “everybody focused together.”
[PRO] Interest rates back in focus
This week, the October personal consumption expenditures price index, out Wednesday, will dominate attention. “This might be one of the last big key pieces of data” for the U.S. Federal Reserve before its December meeting, said a fund manager. Minutes for the November meeting of the Federal Open Market Committee, releasing a day prior, will give investors more insight into the pace of future rate cuts.
The bottom line
Big-name tech and chip stocks
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