Dubai
With stocks worldwide on track to close out the month of November with some of the biggest gains ever, thanks to positive news on vaccines, investors are still hoping for more clues on economic turnaround.
Ahead of a busy week that includes some more key economic data, which will give more clarity on how economies are currently functioning amid a pandemic that continues to rage in some parts of the world, markets globally have been gaining on hopes that an end was in sight to contagion-induced uncertainty.
Stock markets saw a historic monthly run accompanied by a recent shift in leadership, which led to sectors left behind in the pandemic rally, staging a comeback against the large-capitalization tech and internet-related shares of firms that benefited from the largely work-from-home culture. During the month investors were favouring stocks that would benefit from a rebounding economy and showing less love for long-held favourites among big tech and internet names.
