Markets mixed, await COVID-19 vaccines

Markets were mixed on Monday.

The S&P 500 rose 0.6 percent and the Shanghai Composite rose 1.1 percent but the STOXX Europe 600 slipped 0.2 percent.

Adam Crisafulli of Vital Knowledge suggested that optimism over the potential impending availability of three vaccines for COVID-19 “is more than offsetting the very grim near-term transmission/mitigation landscape”.

Bert Colijn, senior economist for the euro zone at ING, said that “some form of lockdown in December will continue to depress economic output before things actually start getting better”.