Despite short-term concerns, financial markets are still looking at the possibility of eradication of coronavirus with a vaccine by 2021. Thus the prospect of an acceleration of the recovery benefited oil. For the December contract on the Nymex, the price of U.S. light crude (WTI), which has already recovered 12 percent since the end of October, gained another 3 percent to $41.34 per barrel. The January distribution Brent contract rose 2.4 percent to $43.82.

Gold kept up, faced with a return to risk appetite, with gold gaining 0.08% to $1,887.80 for the Comex December futures contract on Monday. The yellow metal has struggled to cross the threshold of $1,900 in recent weeks, despite a rise of about 25 percent since the beginning of the year.

The yield on the 10-year T-Bond stayed firm on Monday at 0.90 percent (up 1 basis point) in the U.S. government bond market in the face of a return to risk appetite and hopes of a resumption of growth in 2021.

The dollar dropped in the foreign exchange market. The dollar index that tests its evolution against a basket of six currencies the euro, the pound sterling, the yen, the Swiss franc, the Canadian dollar and the Swedish krona, decreased by 0.17% to 92.59 points. At $1,1850, the euro was up 0.15%.

In the face of the resurgence of Covid-19, which has now taken more than 246,000 lives in the United States and reached more than 11 million people since the start of the pandemic, many U.S. states, including New York, California, Washington and Oregon have announced new restrictions.

The New York Fed’s “Empire State” manufacturing index, published on Monday, disappointed in November, dropping to 6.3 from 13.5 market consensus and after 10.5 in October. Therefore this indicator represents a pronounced decline in manufacturing expansion in the area under study.