The MSCI All Country World Index returned 12.2% in November, its best-ever monthly performance and has gained a further 2.4% in December so far. Economists at UBS see further upside based on widespread vaccine availability in 2Q21, a broadening of the economic recovery, additional US fiscal stimulus and continued global monetary policy support. Key quotes “Equities can rally further and that investors should look through the near-term uncertainty created by rising case numbers and hospitalizations. Our view is based on widespread vaccine availability in 2Q21 allowing an easing of restrictions and a broadening of economic recovery, additional US fiscal stimulus and continued global monetary policy support.” “Rollout of the Pfizer/BioNTech vaccine begins in the UK this week. The US Food and Drug Administration also meets this week to discuss an Emergency Use Authorization of the Pfizer/BioNTech vaccine and Vice President Mike Pence has said that distribution could begin next week. On 17 December, the FDA meets again to discuss Emergency Use Authorization for the Moderna vaccine.” “US fiscal talks appear to be making progress on a USD908 B bipartisan stimulus package, according to press reports. Hopes for a deal before January were raised on Friday as weaker-than-expected non-farm payroll data prompted a rally in both US equities and yields. Investors appear to be taking the view that slowing labor market momentum may provide a catalyst for dealmakers to reach an agreement. The European Central Bank also meets this week, having already pre-announced a recalibration of policy, with an extension of its bond-buying program expected.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD: Near-term bias on the loonie remains constructive – Credit Suisse FX Street 2 years The MSCI All Country World Index returned 12.2% in November, its best-ever monthly performance and has gained a further 2.4% in December so far. Economists at UBS see further upside based on widespread vaccine availability in 2Q21, a broadening of the economic recovery, additional US fiscal stimulus and continued global monetary policy support. Key quotes “Equities can rally further and that investors should look through the near-term uncertainty created by rising case numbers and hospitalizations. Our view is based on widespread vaccine availability in 2Q21 allowing an easing of restrictions and a broadening of economic recovery, additional US fiscal stimulus… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.