OPEC and US economic releases to steal the limelight today - BBH

As the North American session gets underway, there are three developments that will vie for attention, suggests Research Team at BBH. 

Key Quotes

“First, the sound bites from the OPEC meeting may still pose headline risks.  We suspect there is still scope for disappointment, even if some agreement on paper materializes.  Enforcing the cuts, and the rise of Libyan supplies and non-OPEC producers may deter a sustained rally.”

“Second, President-elect Trump may formally announce Ross as Commerce Secretary and Mnuchin as Treasury Secretary.  Third is the US economic data.  The ADP jobs report may be the most important, but the October personal consumption and Chicago PMI will also attract attention.  Later the Beige Book will be released ahead of the mid-December FOMC meeting.”