Monthly Comments

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.

November can be summed up with a sharp rise in the financial markets - the SAX index in Stockholm had its best November performance since 2002 and the Dow Jones in the US its best since 1987. A combination of positive news regarding a vaccine, Biden as a winner in the US elections and more economic stimulus pushed markets upwards.

At the beginning of October, the financial markets continued their positive trend. However, when news of a second wave of Covid-19 emerged, the mood swung and the markets turned into negative territory.

During September, stock indices generally fell in both Europe and the US. The tech-heavy Nasdaq Index and the MSCI World Index also showed negative performance. In Sweden though, the OMX Stockholm Index finished the month in positive territory.

During August, the financial markets continued to rise. The positive momentum was led by growth companies in the tech sector and the Nasdaq Index rose sharply.

July has been a busy month with company reports for the very interesting second quarter but also a lot of macro statistics and geopolitical events. The company reports generally came in better than anticipated. Expectations were also relatively low due to the difficult economic situation many companies have experienced during the spring.

The number of Covid-19 cases in the world continued to increase in June with heavy spread in Latin America and India. Countries that have previously seen a...

Despite great uncertainty about the continued spread of Covid-19 and the economic effects of closed communities, most financial markets rose in May. The positive trend was led by the technology sector, but also sectors that were the main losers during the spring showed strong returns during the month.

In April, financial markets recovered. Hopes of a reduced contamination rate of Covid-19, a reopening of societies and massive stimulus packages impacted the markets positively.

During March, financial markets were driven by the news flow about the corona virus, Covid-19. A dramatic halt of economic activity has resulted in an abrupt decline in demand, broken production chains and an increased risk of the world economy being thrown into recession.