Financial Markets Daily Report
01 desembre 2020

Investors on Monday traded in their gains after one of the best months in decades for stock markets, during which breakthroughs in Covid-19 vaccines boosted stock valuations in sectors affected by the pandemic.

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  • Investors on Monday traded in their gains after one of the best months in decades for stock markets, during which breakthroughs in Covid-19 vaccines boosted stock valuations in sectors affected by the pandemic.
  • In Europe, the Eurostoxx50 dipped 1.0% and sovereign yields edged up as the Eurogroup reached an agreement on the ratification of the ESM Treaty reform, which among other things establishes a backstop to the Single Resolution Fund.
  • In the US, lower risk appetite due to lower prospects for a large fiscal stimulus drove the S&P 500 down 0.5% and the dollar up 0.3% against the euro.
  • The barrel of Brent fell 1.2% to $47.6 as oil producers continue to discuss at an OPEC meeting whether to delay a planned increase in supply.
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