Dollar buyers looking to seize more near-term control
US futures are sitting lower by around 0.5% while European indices are down by ~1% as the optimism from the vaccine pop earlier in the week is quickly put behind us now.

But to a lesser degree and perhaps shorter lasting timeframe
Pfizer passed the final hurdle of meeting the safety requirements to apply for emergency-use approval, but the announcement also came with a bit of an attempt to try and one up Moderna as they claim that their vaccine is 95% effective upon final analysis.

Latest data from the Mortgage Bankers Association for the week ending 13 November 2020
–  -0.5%
– Market index 831.5 vs 833.9 prior
– Purchase index 303.9 vs 293.5 prior

Pfizer plans to file for emergency-use authorisation from the FDA
– Vaccine shown to be 95% effective in final efficacy analysis of Phase 3 trial
– Plans to file for emergency-use authorisation within days
Risk trades are getting another shot in the arm on the news here, albeit a more modest one this time around. European stocks are

Remarks by UK medical adviser, Susan Hopkins

The OPEC+ JMMC meeting yesterday ended with no formal recommendation

Reuters reports, citing a EU document on the matter
This is a bit of a blow to airlines and the leisure sector as there is said to be divisions among EU states on the use of rapid antigen tests for travel.

The dollar is trading weaker despite the slightly cautious risk tone
European equities are keeping on the back foot with US futures also seen down by 0.5% although Nasdaq futures are holding up, keeping closer to flat levels for now.

Comments by BOE governor, Andrew Bailey
He sounds a tad more optimistic amid the recent vaccine news, as that may help to steer some of the pressure away from the debate on negative rates for now.

Comments by ECB policymaker, Ignazio Visco
– We are going towards a ’new normal‘ in the global economy
– We should make the most of lessons from the pandemic
In other words, it is going to take years before they even consider removing the easing measures in place – and those to come next month – and that