Financial Markets Daily Report 30 noviembre 2020
Global stocks are set to have their best month on record as optimism about a Covid-19 vaccine and Joe Biden's victory in the US elections caused a market rally in November.
- Global stocks are set to have their best month on record as optimism about a Covid-19 vaccine and Joe Biden's victory in the US elections caused a market rally in November.
- On Friday, the Eurostoxx50 was up 0.5% (19.3% on the month) while the S&P 500 rose 0.2% (11.3% on the month) during a session truncated by the Thanksgiving celebrations. The optimism was tempered by a rise in Covid-19 cases in the US and a tightening of restrictions in Europe. According to the European Commission index, European economic sentiment fell to 87.6 in November, from 91.1 in October.
- 10-year Treasury yields were down 4 basis points, while peripheral spreads in Europe tightened slightly.
- In oil markets, the barrel of Brent gained 0.8% on Friday as oil gains from optimism about a rebound in fuel demand following the rolling out of a vaccine.