On the menu: US bond auction, Fed minutes, Nvidia earnings and OPEC decision | MarketTalk: What’s up today? |

A slower-than-anticipated inflation rate in the US, coupled with politicians averting a government shutdown extended the US stocks and bond rally last week.
US stock optimism extends globally, with the European Stoxx testing the 200-DMA resistance and the Japanese Nikkei reaching a 33-year high. Japan's supportive central bank, a cheap yen, and strong company earnings contribute to investor interest.
This week, attention shifts to the US 20-year bond auction, the Federal Reserve (Fed) minutes and Nvidia earnings.
In energy, US crude recovers as speculation that OPEC could extend production cuts throws a floor under the recent selloff. The next OPEC meeting is scheduled for November 26th and Saudi considers doubling its 1mbpd supply cut. It’s a risky move and it could go both ways.
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