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ASX to open flat, US stocks mixed to start week

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Australian shares are poised to edge lower; Wall Street mixed. Brainard sees rate step down. $A steady. Bitcoin little changed.

Merger authorisations are meant to take 90 days, but Telstra’s deal to allow TPG Telecom to share its network in regional Australia is taking the ACCC seven months.Overseas data: China October industrial production and retail sales at 1pm AEDT; Japan preliminary third quarter GDP; Eurozone September trade balance, November ZEW expectations and preliminary third-quarter GDP; US October PPI and November NY Empire manufacturingBitcoin +0.2% to $US16,552 at 4.55am AEDTTesla -0.3% Apple -0.

It’s another symbolic sign of Britain’s shrinking place in the wake of Brexit, and the continental rivals that will step into position. The French stock market is now worth $US2.823 trillion, narrowly edging out the UK at $US2.821 trillion, according to data compiled by Bloomberg. In 2016, British stocks were collectively worth $US1.5 trillion more than France.

Oil demand in 2022 will increase by 2.55 million barrels per day , or 2.6 per centf, the Organisation of the Petroleum Exporting Countries said in a monthly report, down 100,000 bpd from the previous forecast.

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Australian wine producers hoping to tap 'immense' but complex Indian marketAfter the collapse of the Chinese market due to trade disputes and soaring tariffs, a free trade agreement with India is an exciting proposition for Australian wine exporters. I would have thought that in India they would have been more focused on clean water and living conditions rather than wine but meh... Lol they can’t feed their poor but we going to sell them our wine. Which by the way is grown there and exported back to oz.
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