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Will the November boom in ASX 200 continue in December 2020?

  • December 01, 2020 05:01 PM AEDT
  • Team Kalkine

Despite the chaos that the coronavirus pandemic has caused, ASX 200 has been full of enthusiasm and optimism going into the last month of the year. ASX 200 recorded its best month in three decades, reaching a nine-month high in November with an 11.4% gain, as of Friday.

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*With the Blue wave victory, the markets roared across the world. The newly elected president has plans to reinstate and strengthen the US relations with WHO. This is boosting the market sentiments. Another important reason for the markets to perform well is a series of important vaccine updates from global healthcare players. Pfizer has announced 95 percent efficacy in its vaccine candidate. While AstraZeneca’s vaccine candidate showed 90 percent efficacy in the vaccine without any severe side effects. Notably, Russia's Sputnik V vaccine is also touted to be 95% effective Importantly, the company plans to offer the vaccine in the international markets only for $20.

* In the Bitcoin market, the bulls look determined to drive a new life-time high on the track. However, if a drop occurs in the equity markets, the chances are high that it might reflect on the sentiments in the crypto space too. Let us hope that we end the year on a positive and prosperous note.

 


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