US EQUITY OPEN: Indices open in the green despite NVDA weakness as peace talks seemingly improve

OPEN: US indices opened the first session of the week in the green, continuing Friday’s rebound, with most sectors higher. Energy and Consumer Staples are the only sectors in the red, with Energy weighed on by losses in the crude complex as prospects for peace continue to improve. Crude benchmarks saw further pressure after Al Hadath reported that the Iraqi PM presented proposals to end the Iran war during a phone call with Trump. Over the weekend, Trump said he is highly unlikely to resume a military campaign against Iran. Consumer Discretionary and Communication Services sit atop the sectoral breakdown, with strength seen despite Nvidia falling more than 6% after the company reportedly launched an investigation into CEO Huang over an alleged relationship with a suspected Chinese spy. The Dollar Index is lower, with the Kiwi the clear gainer, supported by the national election result, followed by the Aussie and the Pound. Treasuries are slightly firmer across the curve ahead of the 3yr auction, while precious metals are also firmer. In the session ahead, Fed speak comes from Goolsbee and Barkin, while the NY Fed SCE is also due.

• Nvidia (NVDA): Launches investigation into CEO Huang's affair w/ 'Chinese spy'
• Alphabet (GOOG): Google rolling out 2 new versions of TPU systems to challenge Nvidia
• Constellation Energy (CEG): EPS & rev. topped alongside raising FY profit view
• NRG Energy (NRG): Bottom line surpassed exp.
• Berkshire Hathaway (BRK.B): Q3 earnings fall, accelerates buyback
• AMD (AMD): Upgraded at Oppenheimer