The Ibex 35 closes the best month in its history with a rise of 25.2% in November

• Clear Accounts. Is it a good time to invest in the Stock Market?

Vaccines against Covid-19 have not yet reached the population but they have taken control of the markets.

Its effectiveness in the expectations of investors and in the stock markets is a reality and it is enough to look at the

to verify it.

The selective Spanish, which until a few weeks ago was the worst European index far behind the rest, has closed November with the

that has allowed it to exceed the level of 8,000 points (8,076 ).

The advances that have been known in recent weeks with respect to the Pfizer, Moderna or AstraZeneca vaccines have returned optimism to the main markets around the world and the Spanish one has been one of the most benefited.

"Although the coming months will continue to be conditioned by partial stoppages of economic activity, the distribution of vaccines" could mark a turning point from the second half of 2021, "explains

analyst

, to the Efe agency.

So far this year, the Ibex 35 continues to carry losses close to 16%, however, the change in mood is clear and extends to the sectors that until now had been hit the hardest by investors.

The

and oil companies like Repsol have recovered in recent sessions much of the accumulated since the outbreak of the pandemic falls, and that even though the day Monday has not been positive either for those companies in particular, nor for the Madrid square, in general.

The selective has left 1.39% with Siemens Gamesa (+ 3.71%), Solaria (+ 3.53%), Cellnex (+ 2.8%), Acciona (+ 2.5%) and Mapfre ( + 1.77%) in the lead, compared to the falls of Acerinox (-6.84%), Sabadell (-6.36%), Repsol (-5.04%) or Aena (-5.01%) .

Perspectives

The month began with the unknown about the results in the US elections and although initial fears brought the red to the bags for a few hours, Biden's victory soon turned the situation around.

The markets interpret that the arrival of the Democrat to the White House will reduce trade tensions with China and Europe and that it will accelerate the next package of fiscal aid in the US.

The main doubt, however, remains, since the coronavirus infections have not stopped and it is not known how long the restrictions will continue to try to stop them.

However, the risks that until a few weeks ago weighed down the markets now seem to be on the decline, as

, General Director of Investments at

,

pointed out

in the presentation of the firm's prospects for 2021 "The economic cycle is in a recovery phase. We are going into an upward but contained cycle, less intense, in which once certain fears pass we will begin to think, as always, about corporate profits," he said.

Regarding Spain, Fernández Elices has shown certain reservations, although he assures that the firm is closely following certain sectors and values ​​whose attractiveness has increased in these days.

"Among them the infrastructures, some hotels and also some banks," he assured.

From XTB they point out that during the month of December both the

reiterate their monetary policy and even increase their current purchase programs.

Regarding the governments, it is expected that during the next few weeks the Democrats and Republicans will agree on a new stimulus package and that in Europe it will be possible to clarify when part of the aid from the European reconstruction plan will begin to be received.

'Red' in Europe

The rest of the European stock exchanges also closed the first session of the week

, with falls of 1.09% in London, 1.42% in Paris, 0.33% in Frankfurt and 1.3% in Milan .

A barrel of West Texas Intermediate (WTI) oil, the benchmark for the United States, is priced at $ 44.68, while Brent crude, the benchmark for Europe, is $ 47.45.

For its part, the Spanish risk premium stands at 65 basis points, with the bond yield at 0.079%, while the price of the euro against the dollar stands at 1.1949

.

According to the criteria of The Trust Project

Know more

• economy

• Coronavirus

• Covid 19

US electionsThe bags fly in full electoral hangover in the United States: keys to investing and understanding the markets

Macroeconomics The Ibex 35 underpins its comeback with the pull of the banks and the announcement of the Moderna vaccine

InvestmentThe Pfizer vaccine, a mirage or a turning point for the Ibex 35?

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