The countdown has officially started! We have 25 days left for Christmas and I’m not sure about you but I can’t wait to open my advent calendar this evening. I usually eat two in a row when I can’t hold myself but I will try my best this year. We started the month on a positive tone with all EU indices and most sectors in the green. Looks like equities are ready to hold onto November’s gains so fingers crossed for a strong end of 2020. History tells us that December is one of the best months of the year for most equity indices so let’s see how the month evolves (see chart below). Volumes actually not too bad today (+20% vs yesterday) – Banks probably the highlight with SX7P vols up +15% vs the last 30 days. The sector is currently the second best performer (up +2%) while Healthcare is not getting much love from investors (down -0.3%). Oils also amongst the winners (although currently ignoring OPEC’s news). Today’s meeting was delayed until Thursday so ministers could have more time to come up to an agreement, sector up +1.6%.
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