Adds that fiscal support should even be scaled up in some areas
Expect to hear more of this from the ECB in the coming weeks as they will try to rally for support from governments to bolster their December easing measures.

The bond market is closed but the stock market will be open
This will be in honour of Veterans Day. As such, the market may be a little more quiet in the session ahead with Canada also observing Remembrance Day.

Comments by Irish foreign minister, Simon Coveney
remarks
reportedly
Only 50 days to go before the year ends. Tick tock, tick tock.

Comments by ECB policymaker, Klaas Knot
– 2021 economic outlook will continue to be bumpy
– Economic impact from vaccine may take time
The ECB is still not really offering much hints ahead of their „recalibration“ next month.

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.