European stock exchanges about to close the best month in their history

November 30, 2020 16:00

European stock exchanges about to close the best month in their history

The European indices are about to close the best month in their history today with accumulated increases of double digits, despite the bearish opening this morning, in line with Wall Street futures. The main European stock exchanges have registered a historic month in November, encouraged by good news in the advances of vaccines against Covid-19 and by the perspective that the economic recovery is getting closer and closer.

However, everything points to the fact that in the coming days there could be a collection of profits by investors while waiting for the decisions adopted by both the United States Federal Reserve and the European Central Bank (ECB) in Europe regarding new stimuli. The market is also awaiting the final outcome on Brexit.

The index that has appreciated the most this month is:

  • Spanish IBEX 35, with an increase of more than 26%

This was followed by:

  • Italian FTSE MIB with an advance of 24%
  • French CAC 40, with an increase of more than 21%
  • German DAX, more than 15% up
  • FTSE 100, with an increase of more than 14%

Despite these significant rises, European indices still have some way to go to outrun losses for the whole of 2020. Only the DAX 30 is already trading above the close of 2019. Take, for example, the FTSE 100:

FTSE 100 CFD daily chart

Source: Admiral Markets MetaTrader 5. FTSE 100 CFD daily chart. Data range: October 24, 2019, to November 30, 2020. Prepared on November 30, 2020, at 12 noon CET. Keep in mind that past returns do not guarantee future returns.

November has not only been good for the European markets, but the Wall Street indices will also close November with gains above 10%. In addition, the Dow Jones exceeded 30,000 points for the first time in its history last week.


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:

Trade Forex & CFDs


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.

Avatar-Admirals
Admirals
An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.