The European stock markets have the best month in their history
Europe’s benchmark equity index posted the biggest monthly gain on record on the prospect of easing coronavirus restrictions and hopes for a vaccine, but it closed lower on Monday with its eyes on negotiations on the trade deal. of Brexit.
With five weeks to go until the deadline, the weekend talks in London between the UK and the European Union were “quite difficult” and there are still “gigantic divergences” on the most controversial issues on fisheries, “fair play “economic and dispute settlement, said a community source.
“While my belief that a deal will be reached remains intact, time is running out soon and you have to start wondering how long it will be before we see a shakeup in the markets,” said Craig Erlam of OANDA Europe.
Stocks featured on the London Stock Exchange delivered their initial gains and lost 1.6%, while the pan-European stock index STOXX 600 fell 1%, at the end of a month in which it climbed almost 14%.
The gains were fueled by hopes for a more stable U.S. trade policy under Joe Biden, as well as promising results from major coronavirus vaccine candidates.
The French CAC 40 climbed 20% this month, while the Spanish IBEX and the Italian MIB advanced more than 22% each. German stocks and British standouts gained more than 12%.
With information from ..