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Mixed global stocks...Service sector data due...NABE: Economy to grow slowly



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BEIJING (AP) — Asian shares tumbled today while Europe was higher in early trading after Italian voters rejected constitutional changes, raising questions over whether the country will stay in the European Union and keep using the euro. Futures point to opening gains on Wall Street. Benchmark U.S. crude oil rose above $52 per barrel. The dollar advanced against the yen and the euro.

WASHINGTON (AP) — The Institute for Supply Management will release its service sector index for November this morning. On Tuesday, the Commerce Department will report on international trade data for October as well as factory orders for that month. And the Labor Department will release its revised third-quarter productivity data.

UNDATED (AP) — Business economists are telling Americans to get used to slow economic growth. Economists surveyed by National Association for Business Economics estimate that the median the American economy will grow next year is 2.2 percent. That's up from a forecast of 1.6 percent this year and unchanged from a previous survey in September. The improved number is still lackluster by historical standards.

LONDON (AP) — There's a court hearing in London today over Britain's plan to leave the European Union. Prime Minister Theresa May's government will ask Supreme Court justices to overturn a ruling that Parliament must hold a vote before Britain's exit negotiations can begin. May plans to use powers known as royal prerogative, which would allow her to trigger Brexit without a parliamentary vote.

BEIJING (AP) — China has urged Washington to stop disrupting its foreign corporate acquisitions after President Obama blocked the purchase of a German maker of semiconductor equipment on security grounds. A foreign ministry spokesman, Lu Kang, says the proposed purchase is "pure market behavior" and that he hopes Washington will "cease making groundless accusations" against Chinese companies.

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The Associated Press

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