US election looms large; earnings, Fed decision this week

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US election looms large; earnings, Fed decision this week
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US election looms large; earnings, Fed decision this week - what's moving markets

were slightly lower, as traders prepare for a week chalked full of potentially market-moving events. The US presidential election is now just one day away, with both candidates all but tied as they make their closing arguments to voters across crucial battleground states. Elsewhere, more corporate earnings are due out this week, while the Federal Reserve will announce its latest policy decision on Thursday.

Investors will be hoping the Fed's statement and comments by Chair Jerome Powell will provide more insight into whether officials believe economic resilience will continue - and if they might cut rates more slowly as a result. This was the second time it has extended a 2.2 million bpd cut and may suggest worries among the producing countries about global demand.

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