Economic calendar: Joe Biden declared president-elect

• Risk-on present on the global markets

• AP, CNN and Fox declare Biden win in US elections

• Cannabis stocks - Aurora, Canopy Growth and Tilray - among earnings reporters

Risk-on attitude can be spotted on the global markets at the beginning of a new week. Oil and equities gain while safe havens, like JPY and CHF, pull back. Associated News, CNN and Fox News declared Biden as US president-elect over the weekend. Nevertheless, Donald Trump still refuses to accept defeat and plans to file more lawsuits against alleged election fraud.

Outcome of the US elections is likely to be the main driver for markets today as the economic calendar looks almost empty. A number of US companies will report earnings today, including McDonald's before the Wall Street session and cannabis companies after the US session closes.

9:30 am GMT - Euro area, Sentix index for November. Expected: -16. Previous: -8.3

Central bankers' speeches

• 10:35 am GMT - BoE Governor Bailey

• 12:00 pm GMT - ECB Mersch

• 6:30 pm GMT - Fed Mester

• 7:20 pm GMT - Fed Harker

Noteworthy US earnings releases

• McDonald's (MCD.US) - before market open

• Aurora Cannabis (ACB.US) - before market open

• Canopy Growth Corp (CGC.US) - before market open

• Beyond Meat (BYND.US) - after market close

• Norwegian Cruise Line Holdings (NCLH.US) - after market close

• Nikola Corporation (NKLA.US) - after market close

• Novavax (NVAX.US) - after market close

• Occidental Petroleum (OXY.US) - after market close

• Tilray (TLRY.US) - after market close