Goldman Sachs lifts its 2020 target to 3,700 from 3,600 previously
Amid the euphoria on Monday, the S&P 500 hit a record high of 3,645.99 in intraday trading. In other words, Goldman Sachs is saying the top is not in yet for this year.

It has been a choppy session for US futures, but no love for tech
S&P 500 futures are also seen down by 0.6% currently, after having erased losses earlier to post a slight gain of 0.3% in European morning trade.

Latest data released by NFIB – 10 November 2020
Of note, a smaller share of firms are reporting stronger plans to hire in the coming months with the share of firms expecting economic sentiment to improve also dwindling.

EUR/USD falls below 1.1800 to a session low of 1.1780
The pair is slipping to fresh lows on the session as we see EUR/GBP also move lower to test 0.8900, past its 200-day moving average @ 0.8920. The euro is struggling to find some footing on the session now after holding above its 100-hour MA (red

As confirmed by the French prime minister’s department
There is now an estimated 1.6 million active cases and the real worry is that hospitalisations are steadily increasing, as have the number of deaths in recent weeks as well.

USD/JPY turns around a decline below 105.00 to move towards 105.40 now
The yen is back down to a session low as yields climb, helping to underpin USD/JPY to the highs for the day close to 105.40 currently. 10-year Treasury yields are up by over 2 bps to 0.94% after a nudge towards 0.95% moments ago.

The dollar is back down near the lows for the day again
here
US futures are pointing to fresh all-time highs at the open later, with airlines and leisure stocks getting a major boost on the news. Meanwhile, 10-year Treasury yields have jumped up by over 9 bps to back above 0.90%:

Equities get another jump on the headlines
– Experimental vaccine found to be over 90% effective in preventing COVID-19
– No serious safety concerns have been identified as of first interim analysis
S&P 500 futures just hit a record high and are up by over 2% now with USD/JPY rising to a session high of 103.92 and closing

Equities stay in a more upbeat mood throughout the day so far
The market is feeling more upbeat as the curtains come down on the US election, but there are still some considerations for investors ahead of the year-end.

EU chief negotiator, Michel Barnier, is back in London for more Brexit talks
He tweets:
Happy to be back in London today, redoubling our efforts to reach agreement on the future partnership.