ASX to open flat, US stocks mixed to start week

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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