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European capital markets in 2020 started under extreme pressure, volatility, and uncertainty. However, unprecedented monetary and fiscal policies stabilised markets and a more certain outlook emerged by Q4 as a result of the COVID-19 vaccines and improving prospects for 2021.
- Equity market capitalisation and the number of listed companies remained stable on a yearly basis but declined quarterly.
- IPOs and IPO investment flows soared, breaking with the historical series.
- Equity trades and turnover surged.
- Options and futures trading suffered stark declines.
- Securitised derivatives turnover rose on an annualised basis but had a divergent trajectory as they decreased quarterly.
- ETFs and UCITS turnover significantly increased.
- Bonds turnover experienced a large quarterly increase and stabilised yearly.
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