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European stocks fall, Asia mixed...Consumer prices, weekly jobless claims due...Europe car sales contract



Estimated read time: 2-3 minutes

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KUALA LUMPUR, Malaysia (AP) — European stocks fell in early trading today while Asian markets ended mixed after trading in a narrow range, after a seven-day Wall Street rally faded. Futures point to a steady opening on Wall Street. Benchmark U.S. crude rebounded, but remain below $46 a barrel. The dollar slid against the yen and the euro.

WASHINGTON (AP) — The Labor Department will release two reports today. One covers weekly jobless claims and the other consumer prices in October. The Commerce Department will report on October's housing starts too. Also, Freddie Mac releases the weekly mortgage rates. There are company earnings reports due out today as well. Wal-Mart reports quarterly financial results before the market opens. The Gap reports after the close.

MILAN (AP) — Car sales in Europe have contracted, albeit only slightly, for the first time since rebounding from the industry's longest-ever slump. The European auto manufacturers' association, ACEA, reports today that car sales declined 0.02 percent in October to 1.1 million units. That was the first October sales decline since 2012, during the industry's six-year crisis. Sales were down in two of the top markets, dropping by 5.6 percent in Germany and 4 percent in France.

LIMA, Peru (AP) — Donald Trump will be on the minds of world leaders as they gather for an Asia-Pacific trade summit. The president-elect has made it clear that he is hostile to the kind of free trade deals that tend to be the focus of the annual Asia Pacific Economic Cooperation forum, taking place this year in Peru's capital. He's also singled out group members China and Mexico in a populist campaign standing up for displaced American workers.

BEIJING (AP) — China's leaders and official media are pushing for greater control of the internet and technology products as tensions surrounding a far-reaching Chinese cybersecurity law loom over a gathering this week of the world's leading tech firms and Chinese officials. The Communist Party's mouthpiece People's Daily warned in an editorial on Thursday that China must break monopolies over core technologies and standards and remain untethered to other countries' technology supply chains.

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The Associated Press

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