Stock futures are rising to start the final trading month of 2020. November’s surge in equities saw the Dow Jones Industrial Average record the best one-month performance in over 30 years despite uncertainty around the election results and a peaceful transfer of power. As the world waits on a Covid vaccine approval, the CDC is meeting to discuss who should receive the initial short supply available with focus on health care workers and the elderly. Later this morning, Federal Reserve Chair Jerome Powell will testify before the Senate Banking Committee as part of a mandatory CARES Act update. On the data front, markets will get a look at the PMI and ISM manufacturing data for November as well as construction spending from October. European stocks are solidly higher with materials stocks leading the gains. Asian stocks closed higher, with Chinese stocks leading after a strong manufacturing report for November.