(RTTNews) – European stocks ended with a sharp decline on Monday, but the region’s top markets were still controlled to close the month with strong yields, and some recorded their maximum productive functionality per month in several years.
Despite developing optimism about the imminent arrival of a Covid-19 vaccine, considerations about the accumulation of coronavirus cases and the resulting uncertainty about an immediate economic recovery have weighed on sentiment.
However, the decline in the markets is largely due to some profits that have been made through investors after the recent strong gains.
Investors were also closely following the progress of the Brexit negotiations. The British Foreign Secretary said the Brexit’s face-to-face talks resumed on Saturday, sparking hope for a breakthrough. The UK and the EU are at the “final level of negotiations”. about a post-Brexit industrial agreement, the minister said.
The FTSE one hundred won almost 12. 5% in November. The DAX rose by about 15% during the month, while the CAC 40 gained more than 20%.
Other markets in Europe, Austria, Belgium, Finland, Ireland, the Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden and Turkey ended with heavy losses.
The Czech Republic retreated and Denmark closed upwards, while Greece and Iceland ended unchanged.
In the French market, Accor, Sodexo, Total, Technip, Crédit Agricole, Societe Generale, Bouygues, BNP Paribas, Renault and Michelin 1 to 3. 3%.
In the German market, Wirecard slid by almost 3%. MTU Aero Engines, Bayer, Thyssenkrupp, Lufthansa and Volkswagen also experienced notable drops, while Vonovia, SAP, Deutsche Post and Linde gained more than 1%.
In the UK market, Compass Group, BP, Royal Dutch Shell, Fresnillo, Lloyds Banking Group, Whitbread, IAG and HSBC Holdings lost up to 7%. Barclays Group, CRH, M
Among the winners of the FTSE 100, JD Sports Fashion rose by almost 6%. Spirax-Sarco Engineering, Experian, Avast and Auto Trader Group rose 2 to 2. 7%.
In economic matters, the value of customers in Germany fell for the third consecutive month in November, according to initial estimates through Destatis. Customer value index fell by 0. 3% year-on-year after 0. 2% falls in September and October. 0. 1% decrease.
Swiss retail sales rose in October, expanding 3. 1% year-on-year. On a monthly basis, seasonally adjusted retail sales rose as much as 3. 2% in October.
In nominal terms, retail sales rose to 2. 6% consistent with the year in October and up to 3. 3% to a month ago.
On the vaccine front, Moderna announced today that it will seek emergency approval from the Food and Drug Administration for its Covid-19 vaccine after new knowledge showed that it is more than 94% effective at preventing infection and safe.