U.S. equities are mildly firmer
U.S. equities are mildly firmer even as market fluctuations surrounding the Italian referendum and the OPEC meeting continue to provide fodder for investors. Q3 GDP was revised higher to 3.2% and USD-JPY ramped through 113.30 highs, while yields backed to probe post-election highs as well. Positive news from Italy came after the ECB suggested it would backstop the Italian bond market in the wake of the referendum, while crude oil prices plunged 3% after Russia appeared to bow out from the OPEC meeting. The Dow is 15-points firmer, S&P gained 1-point and NASDAQ is marginally higher, though below earlier highs. Stocks lost ground in Asia after the N-225 sank 0.27%, the HK Hang Seng slumped 0.4%, though China's CSI 300 rallied 0.8%. In Europe the Euro Stoxx 50 is 0.6% firmer, while the Italian MIB is 1.5% higher, having clawed back the bulk of yesterday's losses. NY Fed's Dudley stuck to the script on Puerto Rico; next on tap are Case-Shiller home prices and consumer confidence.