With just a week and a half to go until the next decision from the Federal Reserve on US interest rates, data pertaining to gross domestic product and nonfarm payrolls have generated positive sentiment. While the Trump-driven rally may be fading, speculation of a near-term rate hike remains high, especially after third quarter GDP was upgraded to 3.20% while the labor economy produced 178,000 new jobs. The revision higher in GDP comes ahead of the final reading due in December while the unemployment rate dropping to 4.60% might ease the Fed’s concerns about slack in the labor market. Besides the improvement in the US unemployment rate was the better figures from the Euro Area. Joblessness in the Eurozone fell to 9.80% during the month of October, marking the best reading since July of 2009. While inflation remained on hold on both a core and headline basis, the figure may rise further if the ECB pledges to extend its asset purchase program. In one of the biggest headlines of the week, OPEC pledged to cut output to 32.500 million barrels per day, surprising oil futures which rallied in response. Despite concerns about implementation, Russia is also onboard, pledging to cap its own output to help support energy prices.