TOP STORIES 
 
OIL SOARS ON OPEC DEAL OPTIMISM 

Crude futures surged on reports that OPEC plans to reduce its output by more than 1 million barrels a day, a cut that many market participants say could be significant enough to push oil supplies below demand levels sooner than expected.

U.S. STOCKS CLIMB 

U.S. stocks rose Wednesday, while oil prices surged on hopes major producers would reach a deal to cut production.

TREASURY CHOICE STEVEN MNUCHIN VOWS TO 'STRIP BACK' DODD-FRANK 

Donald Trump's choice for Treasury secretary said Wednesday that he would focus on rolling back parts of the landmark 2010 Dodd-Frank financial overhaul law enacted in the wake of the financial crisis.

RBS MUST ADD $2.5 BILLION IN CAPITAL AFTER FAILING BOE STRESS TEST 

Royal Bank of Scotland must add around $2.5 billion in capital after failing a Bank of England stress test, which also exposed weaknesses at Barclays and Standard Chartered.

U.S. CONSUMER SPENDING, INCOMES ROSE STEADILY IN OCTOBER 

Americans' incomes and household spending advanced at a solid pace for the second straight month in October, suggesting consumers can support economic growth in the year's final months.

OVER ONE MILLION GOOGLE ACCOUNTS HIT BY MALICIOUS ANDROID APPS 

Malicious software disguised as legitimate apps for Android smartphones and tablets has seized control of more than one million Google accounts since August, according to research from security firm Check Point.

CARRIER AGREES TO KEEP ABOUT 1,000 JOBS AT INDIANA PLANT 

Carrier Corp. has agreed to keep in Indiana roughly half of the 2,100 jobs it had planned to shift to Mexico, after a lobbying effort from the incoming Trump administration.

PAYROLLS GREW 216,000 IN NOVEMBER,   ADP SAYS 

Private-sector hiring continued at a strong pace in November, rising by 216,000, payroll processor Automatic Data Processing and forecasting firm Moody's Analytics said.

TRADER DON WILSON FACES POTENTIAL LIFETIME BAN AS TRIAL BEGINS 

The Commodity Futures Trading Commission has accused Mr. Wilson of an illegal scheme to manipulate a little-known interest-rate contract in 2011.

OPEC INCHES CLOSER TO OUTPUT-CUT DEAL 

OPEC representatives edged closer to a deal that would cut the cartel's oil production by more than one million barrels a day in order to boost sagging crude prices, people familiar with the group's talks said.

GOPRO TO CUT 15% OF JOBS AMID RESTRUCTURING 

GoPro plans to restructure its business, cutting about 15% of its workforce in an effort to lower expenses as it seeks profitability.

EUROZONE INFLATION RATE HIGHEST SINCE APRIL 2014 

The eurozone's annual rate of inflation rose to its highest level since early 2014 during November, but remained far short of the European Central Bank's target.

CANADA GDP CLIMBS ON ENERGY EXPORTS 

Canada's economy expanded in the third quarter, popping up after a steep decline in the previous three-month period, powered by energy exports and household consumption.

HEAD OF JAPAN PENSION FUND INTERESTED IN U.S. INFRASTRUCTURE INVESTMENTS 

The head of Japan's $1.2 trillion pension reserve fund-the world's largest of its kind-said he hoped the incoming Trump administration would open up the U.S. infrastructure market more to foreign investors so the fund can grab a piece of pie.

AMERICAN EAGLE SAME-STORE SALES GROWTH DISAPPOINTS 

American Eagle Outfitters said comparable-store sales at its namesake stores rose at a smaller rate than in previous quarters.

CAR AND HOME INSURANCE FIRMS FACE PROFIT CHALLENGE IN 2017 

Car and home insurance companies will struggle to earn higher profits next year, as increased competition dents pricing and the impact of low rates hurts their investment returns, Fitch Ratings said in a report released Wednesday.

EUROZONE BAILOUT FUND PROPOSES SHORT-TERM DEBT RELIEF FOR GREECE 

Greece's debt load could be cut by about a fifth by 060, according to confidential proposals drawn up by the European Stability Mechanism.

FED'S KAPLAN: FED SHOULD RAISE RATES AS IT MAKES PROGRESS ON ITS MANDATES 

Federal Reserve Bank of Dallas President Robert Kaplan called again for slow and steady rate rises, in a speech that said other forms of government action beyond central bank policies are needed to address fundamental economic issues.

ECB'S HANSSON SAYS CENTRAL BANKS CAN DEAL WITH ITALY 'NO' VOTE 

Ardo Hansson, who sits on the European Central Bank's governing council as head of Estonia's central bank, said the ECB has the tools to keep financial markets functioning in the event of a "no" vote in Italy's referendum.

AIR FRANCE WORKERS GET SUSPENDED JAIL TERMS IN TORN-SHIRT CASE 

A French criminal court convicted three Air France workers of aggravated assault and sentenced them to suspended jail terms for accosting two company executives and tearing off their shirts.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Politics and Policy 
TRUMP SAYS HE WILL TAKE HIMSELF OUT OF HIS BUSINESS OPERATIONS 
 

President-elect Donald Trump said on Wednesday that he would be leaving his business "in total in order to fully focus on running the country," responding to criticism that his global real-estate empire might pose unprecedented conflicts of interest.

 
Politics and Policy 
U.S. TO FORGIVE AT LEAST $108 BILLION IN STUDENT DEBT IN COMING YEARS 
 

The federal government is on track to forgive at least $108 billion in U.S. student debt in coming years, in a report that shows the Obama administration's approach is proving far more costly than previously thought.

(END) Dow Jones Newswires

November 30, 2016 10:16 ET (15:16 GMT)