Familiar Matters Dominate Weekend News Flow

Ever-growing COVID-19 worry remains evident across Europe, with Italy, Ireland & Switzerland outlining deeper mitigation measures this weekend.

• With the ongoing fiscal impasse still evident in DC, House Speaker Pelosi administered a 48-hour deadline to get a fiscal support pact done pre-election, this comes due on Tuesday. Meanwhile, Senate Republicans will table a piecemeal support package.
• Elsewhere, the UK government's focus on a no deal Brexit remained evident, while Moody's issued a one notch credit rating downgrade to the UK after hours on Friday. Still, recent BBG source reports have suggested that British officials are ready to water down the controversial Internal Market Bill, which they suggest could revive failing talks with the EU.
• PBoC Governor Yi noted that China will see its economy grow by ~2% in '20, could this be an informal growth target for this year? Chinese Q3 GDP data headlines the Asia-Pac docket on Monday.
• Sticking with regional matters, New Zealand's Labour Party recorded a resounding victory in the country's general election. NZD the marginal outperformer amongst G10 FX to start the week as a result, but the election result isn't seen as a needle mover for markets.