ECB presidential candidate Knot said Europe is being harmed by its lack of integrated capital markets.

Nov 4 — The PBOC said its re-lending facility for stock buybacks and share increases will now cover 21 national banks and five systemically important city commercial banks, adding Ningbo Bank, Bank of Jiangsu, Bank of Shanghai, Bank of Nanjing and Bank of Beijing. Multiple city-bank sources confirmed the additions. A city-bank executive said the change is a significant breakthrough that lets regional banks use client networks and local service capacity to broaden financing channels for listed companies and major shareholders.

Julius Baer chief investment officer Andrew Jackson said in a note that after Republicans lost majority control of both chambers of Congress, a divided government — with different parties controlling the two houses — could support U.S. Treasuries by limiting further fiscal expansion. He warned, "Blocking new spending is not the same as reducing the existing fiscal deficit." Jackson said persistent deficits and heavy Treasury issuance could still cap downside in long-term U.S. yields even if Congress increases checks on the Trump administration. He added that inflation dynamics and Fed policy are likely to matter more for the bond market than the election outcome, and a renewed rise in energy prices would complicate the outlook.