Financial Markets Daily Report01 diciembre 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.
- 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.