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TOKYO (AP) — Most global stocks slipped today on remarks from the U.S. Federal Reserve late last week that the case has strengthened for raising interest rates, but the Tokyo market was an exception and gained on prospects for a strong dollar. Futures point to U.S. shares drifting lower at this morning's opening. Benchmark U.S. crude oil fell below $47 a barrel. The dollar gained against the yen and the euro.
BRUSSELS (AP) — The European Union's lead negotiator in trade talks with the United States is downplaying an assertion from the German economy minister that negotiations on the proposed pact have failed. When asked Monday by The Associated Press whether the claims were true, chief EU negotiator Ignacio Garcia Bercero said: "No, no. Remember what Mark Twain said." Twain once quipped that reports of his death were an exaggeration.
PORTLAND, Maine (AP) — An arm of the European Union is expected to weigh in on a request from Sweden to deem American lobsters an invasive species in much of Europe. Sweden says the European Union should ban imports of live American lobsters into EU nations because 32 of the crustaceans were found in Sweden's waters earlier this year. The European Union's Scientific Forum on Invasive Alien Species is expected to issue its opinion on Wednesday.
WASHINGTON (AP) — The only government report today is from the Commerce Department which will report on Americans' personal income and spending for July. On Tuesday, Standard & Poor's releases S&P/Case-Shiller index of home prices for June and the second quarter. Also, the Conference Board releases the Consumer Confidence Index for August. On Wednesday, the National Association of Realtors releases the pending home sales index for July.
WELLINGTON, New Zealand (AP) — Internet entrepreneur Kim Dotcom wants to livestream his legal battle against the United States on YouTube. Dotcom's lawyers have asked if they can film his extradition appeal, which began today at New Zealand's High Court in Auckland. The U.S. opposes the plan. Justice Murray Gilbert criticized Dotcom's request for coming at the last-minute but said he'd let other media discuss it before making a decision.
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