NewsWare’s Trade Talk: Thursday, November 30

S&P Futures are trading higher this morning. There are two key events on tap this morning. The first being an inflation reading which is expected to show continued progress in lowering the annual inflation rate. The second is OPEC's announcement on production quotas, both are market moving events. Cigna & Humana are said to be in merger talks. Occidental Petroleum is in talks to buy CrownRock. CRM & SNOW are higher on earnings beats. After the bell today watch for earnings announcements from DELL, MRVL, ULTA & PD. JP Morgan sees 8% downside risk for the S&P 500 next year. European stocks are higher after a report indicating that inflation in the EuroZone has slowed. Oil is trading despite weak economic data from China, the oil market is focused on today's OPEC announcement.