Los precios de las acciones del sector sanitario tienden a reflejar cierta inquietud antes y poco después de las elecciones presidenciales en EE.UU., aunque para las últimas cinco elecciones el sector obtuvo mejores resultados en los 12 meses siguientes a las elecciones.

Both the nonfarm payrolls report and preliminary Michigan Sentiment Index will offer insights into the strength of the US consumer at the start of the year.

Desde las elecciones presidenciales en EE.UU., las acciones estadounidenses han seguido una tendencia alcista impulsadas por un cierto optimismo, ya que las expectativas de recortes fiscales y desregulación han alimentado la esperanza de una aceleración del crecimiento de los beneficios empresariales.

The Fed and the ECB will take centre stage. The first is expected to hold rates steady but the latter is likely to cut rates. The press conferences will provide additional insights. The Q4 earnings season will gather speed as Microsoft, Meta, Tesla, and Apple will report, dominating the tech sector.

Donald Trump’s return to the White House will likely bring a clearer picture of how dominant his policy plans will be. Undoubtedly, his rhetoric and his policy decisions will shape and shake the economy and financial markets.

This year, the Christmas rally came a month earlier, and Santa Claus has moved from the North Pole to Florida. During December, some of the “Trump trade” winners gave back part of the previous month gains.

European equity markets ended the last month of the year on a positive note. The positive market trend was mainly driven by rate cuts and slowing inflation over the course of 2024.

The last month of 2024 was a difficult one for the markets. Most major rates markets sold off, with the US 10-year rising by 40 basis points. At the same time, risk assets offered relatively little respite.