NEWS

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Citigroup posted better than expected results before the market as equity and fixed interest revenue helped overcome lockdown related credit-loss losses. $C reported after other money center banks JPMorgan Chase $JPM, Wells Fargo $WFC.

JPMorgan Chase, America's largest bank reported better than expected Q3 earnings Wednesday before the open. $JPM Investment banking revenue rose 12% to $2.1 billion on higher stock and bond underwriting fees. Citbank and Wells Fargo also reported Tuesday.

The OPEC Monthly Oil Market Report (MOMR) for October released Tuesday provides OPEC's outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply.

Fitch Ratings on Monday in a note on the forthcoming U.S. election looked at the implications for policy. Two of the potential outcomes are most relevant for credit, a "status quo" result or Biden becoming President and Democrats winning Senate and Congress.

Natural gas futures rose after a near expected build of +75 Bcf in gas storage last week as demand destruction continued with Laura, Beta and Cameron closures. Large movements on the spreads.  The  focus is on the gulf weather and the coronavirus effect on reopening, LNG and Mexican exports and the winter outlook for the US.

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