Markets are supported by the hope of a vaccine and advances in the treatment of Covid-19 
 
 
 
 
Eurostoxx 50 3.467.60 points +0.45% 
CAC 40 5.495.89 points +0.39% 
DAX 30 13.137.25 points +0.39% 
FTSE 100 6,351.45 points +0.27% 
SMI 10,495.65 points +0.05% 
AEX 601.62 points +0.94% 
BEL 20 3,585.66 points +0.36% 
IBEX 35 7.977.90 points +0.60% 
 
DJIA 29.263.48 points -0.75% 
Nasdaq 11.854.97 points -0.42% 
S&P 500 3.557.54 points -0.68% 
 
Nikkei 225 25.527.37 points -0.42% (closing on 20 November) 
 
Exchange rate at 06:50 
Change from the close in New York 
 
EUR/USD 1.1874 +0.15% 
EUR/JPY 123.17 +0.04% 
USD/JPY 103.74 -0.11%

TO FOLLOW IN FRANCE

Investors will be attentive on Monday to the preliminary figures of the manufacturing and services sector PMI indexes for November, a month marked by the relockdown in France.

On the corporate side, Danone and Icade organize investor days.

ACTIONS

European equity markets are expected to continue growing on Monday morning, with investors remaining focused on treatments and vaccines under development against Covid-19.

At 7:30am, the CAC 40 futures contract gained 26 points, or 0.5%, according to data from the broker IG Markets. The DAX 30 contract advanced by 54 points, or 0.4%, and the FTSE 100 contract increased by 22

While the pandemic continues to wreak havoc in many countries, the United States hopes to be able to begin vaccinating its population before mid-December, that is, as soon as the Food & Drug Administration (FDA) has approved a vaccine. A total of 20 million Americans could be vaccinated by the end of the year, according to health authorities

Over the weekend, the FDA also authorized a synthetic antibody-based treatment developed by Regeneron, which helps avoid hospitalizations due to Covid-19.

For their part, G20 leaders called on Sunday for renewed efforts to fight the pandemic and relaunch the global economy, following a two-day summit held by videoconference due to the virus.

On Friday evening, Wall Street finished lower, penalized by the upsurge in coronavirus cases and new health restriction measures in the United States that may slow the economy during the holiday season. The Dow Jones Index (DJIA) lost 0.8% to 29,263 points. The expanded S&P 500 index fell 0.7% to 3,557 points. The Nasdaq, which is rich in technology stocks, gave up 0.4%, to

In Asia, markets were generally green on Monday. The Shanghai Composite Index gained 1.1% at the end of the session, while the Kospi gained 2% to Seoul. Only the Hang Seng Index lost 0.03%, penalized by a sharp increase in the number of Covid-19 cases in

The Tokyo Stock Exchange is closed due to a public holiday in Japan.

BONDS

Yields on long-term U.S. Treasury bonds fell sharply on Friday in months, as concerns about the absence of new fiscal stimulus, a rise in the number of Covid-19 cases and restrictions on U.S. businesses led to a buying movement on Wall Street bonds.

The yield on the ten-year Treasury note closed down 2.6 basis points at 0.828% on Friday. Over the week, the rate fell 8.28 basis points, suffering its largest weekly drop since August 21, and the yield on the 30-year bond fell by 11.8 basis points, recording its sharpest weekly decline since June 12.

CHANGES

The euro rose against the dollar on Monday, as market optimism about a Covid-19 vaccine affected safe haven stocks such as the greenback.

The euro/dollar pair should continue to consolidate around 1.1800 and ignore the delay observed in the adoption of the European Union Recovery Fund, says Commonwealth Bank of Australia.

Poland and Hungary blocked the adoption of the European recovery plan, due to a clause linking the payment of funds to respect for the rule of law. Discussions to break the stalemate have begun, ahead of a European Council scheduled for 10 and 11 December, CBA points out

In addition, the bank believes that the November PMI indices for the eurozone, which are to be published on Monday, will signal a contraction in economic activity as a result of lockdown measures implemented in many countries of the monetary union.

PETROLEUM

Oil prices gained ground on Monday morning, after registering their third consecutive weekly increase last week. According to analysts, the market is supported by the hope that the Organization of Petroleum Exporting Countries (OPEC) and its allies will reduce production

Some market players believe that the Opp+ meeting, scheduled for the end of November, could lead to an extension of existing production cuts by three to six months, Axi says. “Whether progress is made on a vaccine or not, the market is watching OPEC activities,” said Stephen Innes, from

At 7:20am, the January contract for North Sea Brent rose 40 cents, at $45.36 per barrel, while the January contract for the same date for sweet light crude oil quoted on Nymex (WTI) rose by 32 cents, to 42.74 dollars per barrel.