El sector del transporte es responsable del 25% de todas las emisiones directas de CO2 en nuestro planeta, y los coches,  autobuses y  motocicletas representan tres cuartas partes de dichas emisiones.

The pandemic of 2020 has clearly shown that we can no longer ignore the economic and social costs of unbridled environmental decimation.

While we think an agreement can still be found, we acknowledge that with less than 10 days to go to December 31, we must prepare for any outcome.

All in all, it was still a strong 4th quarter for fixed income assets, with a very strong rally once news of potential vaccines percolated.

It was a month rich in major events that will shape our lives for years to come. Although the election of a new president in the United States is very important, we can agree that the positive news announced by Pfizer-BioNTech and Moderna will have an even bigger impact on our lives going forward.

November was another amazing month for the global stock markets, which reached new historic highs, making November the strongest month of the year.

2020 will be remembered as a year of many firsts, as households, corporations, central banks, governments, as well as private and public entities alike, had to deal with the massive blow of the coronavirus pandemic.

Our economists try to shed light on your investment decisions