The European indices are registering slight losses on a day with no references from Wall Street
The main European indices opened this morning with slight gains but changed course around 12 o'clock CET. It is registering slight falls on a day without references from the United States, where Thanksgiving is being celebrated and Wall Street will remain closed. Today's session in Europe, therefore, seems to be one of transition in the month of November in which the European stock markets have registered increases of double digits. Take, for example, the DAX.
Source: Admiral Markets MetaTrader 5. Daily DAX CFD chart. Data range: from May 17, 2017, to November 26, 2020. Prepared on November 26, 2020, at 12:20 p.m. CET. Keep in mind that past returns do not guarantee future returns.
Investors are waiting for new advances in Covid-19 vaccines and for the news that the European Central Bank and the Federal Reserve may announce at their December meetings, in which new stimuli could be agreed to stop the economic crisis. All this, after the Government in Germany announced that the hotel industry would remain closed during the Christmas holidays and would open the door to maintain some restrictions at least until March.
In the UK, Finance Minister Rishi Sunak pointed out that the British economy could close the year with a decline of 11% and that the Government plans to borrow around 400 million pounds.
With this outlook, and after the bullish rally of the main world indices in November, there are those who are wondering if the Santa Claus rally has already passed.
Did you know that with Admiral Markets UK Ltd you can invest in stock indices without having to choose individual stocks? You can do this through Contracts for Difference (CFDs), derivative products whose price is based on an underlying asset. If you want to trade CFDs on indices you can open a demo account with virtual money or a real trading account. Just click on the following banner:
INFORMATION ON ANALYTICAL MATERIALS:
The data provided provides additional information on all analyzes, estimates, forecasts, forecasts, market reviews, weekly outlooks or other evaluations or similar information (hereinafter "Analysis") published on the Admiral Markets website. Before making any investment decisions, pay close attention to the following:
1. This is a marketing communication. The content is posted for informational purposes only and should not be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and is not subject to any prohibition on pre-dissemination of investment research.
2. Each investment decision is made by each client alone, while Admiral Markets UK Ltd (Admiral Markets) will not be liable for any loss or damage arising from such a decision, whether based on content or not.
3. In order to protect the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for the prevention and management of conflicts of interest.
4. The analysis is prepared by an independent analyst, Carolina Caro, SEO implementer (hereinafter "Author") based on personal estimates.
5. While all reasonable efforts are made to ensure that all sources of content are reliable and that all information is presented, as much as possible, in an understandable, timely, accurate, and complete manner, Admiral Markets does not guarantee accuracy. or integrity of any information contained in the Analysis.
6. Any past performance or modelling of the financial instruments indicated in the content should not be construed as an express or implied promise, guarantee, or implication of Admiral Markets for any future performance. The value of the financial instrument may rise and fall, and the preservation of the asset's value is not guaranteed.
7. Leveraged products (including contracts for difference) are speculative in nature and may generate profit or loss. Before you start trading, make sure you fully understand the risks.