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The Spanish Ibex 35 scored the best month in its history and the Dow Jones posted its highest monthly gain since 1987.
Main International markets closed with a drop on Monday, amid the uncertainty generated by the Organization of Petroleum Exporting Countries (OPEC).
In Europe, the FTSE 100 of the United Kingdom led the decreases, with a fall of 1.59%, followed by the French CAC 40, which lost 1.42%, and the Spanish IBEX 35, which lost 1.39%. The Euro Stoxx 50 suffered a 1% contraction, while the German DAX fell 0.33%.
On Wall Street, meanwhile, The Dow Jones declined 0.91%, followed by the S&P 500, which fell 0.45% and the Nasdaq, which fell 0.06%..
OPEC members and their partners, like Russia, are trying to agree on the future of production quotas. But the reports indicate that in Saudi Arabia there is no clarity on extending the cuts, which expire in January, under pressure from increased production in the United States.
On the other hand investors are nervous about the Brexit, as the deadline to close the negotiations approaches and there is still no agreement, which threatens the last rally of the bags.
All this comes amid the euphoria in the markets caused by reports of vaccines to face Covid-19, which has led several world stock indexes to record record figures in November.
In Asian markets – the first to close – Hong Kong’s Hang Seng had previously lost 2.06%, followed by the Japanese Nikkei 225, which was down 0.79%. The Shanghai Comp and the Chinese CSI 300, meanwhile, fell 0.48% and 0.41%, respectively.
All in all, for several bags November was an excellent month, as they managed to score a record in earnings. Thus, for the Spanish index, November was the best month in its history, by registering a monthly advance of 25.2%.
Across the Atlantic, in New York, the Dow Jones posted its best monthly profit since 1987, up 11.8%.
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