Vaccine Distribution | Weekly Excerpt November 30

Weekly summary from November 23 to 27

The US equity market closes the week in positive territory. November could end up being one of the best months in history. The Dow Jones reached 30,000 points on Tuesday and could close its best month in 30 years.

In Europe, the main indexes are close to close with historical performances, with increases close to 20% in many of them.

To be taken into account

• Investor attention is focused on the start of distribution of COVID-19 vaccines. In both the United States and Europe, the authorities are very close to initiating the distribution of vaccines for the front-line sectors.
• Investors will be attentive to the meeting that OPEC (Organization of Petroleum Exporting Countries) representatives will hold on Monday. For now, the main representatives did not reach an agreement on oil production from January onwards.
• The focus will be on the testimony of Federal Reserve Chairman Jerome Powell, as well as Treasury Secretary Steven Mnuchin before the Senate Banking Committee.
• Time for a new round of fiscal stimulus is running out. In Washington, Congress cannot agree and the possibility of Judy Shelton's confirmation to the Federal Reserve's governing council could reduce the chances of another stimulus.
• JPMorgan plans to double the number of private bankers serving Chinese clients from Singapore over the next two years. However, that would demonstrate its ambition to tap into the growth of Asia's second-largest wealth market. 
• Investors interested in the automotive sector will be keeping an eye on US retail sales data. The total sales figure is expected to be down 4% from 2019.
• Tesla's entry into the S&P500 could mean a $100 billion move by asset managers in the next month.
• Electric car company Nikola (NKLA) will be in the spotlight due to its deadline to complete its collaboration agreement with General Motors. 
• S&P Global is in advanced negotiations to acquire UK-based IHS Markit for about $44 billion, which would be the second-largest acquisition of the year.