Monthly Comment December 2020

In December, financial markets in general showed positive performance. The OMX30 however, declined around 2% which sums up to a rise of just under 6% for the whole of 2020. A continued spread of Covid-19 and a mutation of the virus put pressure on stock markets in the middle of the month, but the start of vaccinations changed the sentiment to the positive and markets climbed. Another fiscal stimulus package by the US government as well as extensive measures taken by the central banks, helped markets. Also, the EU and the UK avoided a hard Brexit by finally agreeing on a trade agreement.