This just reaffirms the market expectations
They have been rather explicit about doing so following last week.
the policy meeting
As things stand, expanding PEPP is the definitely part of its „recalibration“ but I reckon we can also expect changes to QE and TLTRO as well next month.

Reuters reports, citing EU and UK sources familiar with talks
More to come..

The Senate race will also be one to pay attention to later tonight
Even if Biden wins the White House, if there is no ‚blue wave‘ to follow, that could spell trouble for stimulus plans and other key legislative proposals.

The European Commission updates on Brexit talks
– Still a lot to do in negotiations with the UK
– Barnier is to brief member states some time this week
– Still working towards agreement with the UK
As you would expect, both sides are still posturing for the most part despite all the political theater over the past few

Biden’s chances of winning the White House may rest on the Pennsylvania result, according to FiveThirtyEight
FiveThirtyEight makes mention that losing Pennsylvania wouldn’t necessarily doom Biden’s odds of winning but in the event of a more tightly contested outcome later in the night, it could serve as the likely tipping-point state of the election – one

According to FT’s Brussels correspondent, Jim Brunsden
Little #Brexit update: @MichelBarnier expected to brief EU ambassadors tomorrow on state of talks. Not definite yet, but that’s the plan.

As confirmed by Italian prime minister, Giuseppe Conte
– This will divide the country into three areas based on degree of risk
– There is a high possibility that 15 of 20 regions will exceed critical level of intensive care within a month, so we must intervene
Italy steps up measures to deal with the second wave, with

What are the odds of the election result getting delayed?
In my view, the key risk for the market is that we see a tightly contested election where there is no clear winner just yet. That could see neither side submit defeat and there might be a bit of a limbo that could take days –

No negative rates expected yet
The firm now expects the BOE to increase QE by £75 billion as opposed to its previous call of a £50 billion increase, saying that the new package should run until May 2021.

S&P 500 futures now up by over 1%
Meanwhile, regional stocks in Europe are also gaining by over 1% for the most part with the DAX leading the way with gains of 1.5%.