Stock market today: Global shares trade mostly lower ahead of updates on jobs, inflation

Global shares are mostly lower as investors await a slew of U.S. economic data set for release later in the week. Shares declined in Europe while most major Asian benchmarks also fell. Property developer China Evergrande won a reprieve from a Hong Kong court, which postponed a hearing to allow the company to refine its plan for restructuring its more than $300 billion in debts. Among the economic updates upcoming this week are data on the job market, including the U.S. government’s closely watched monthly employment report for November. Caution has also set in lately over whether a U.S. rate cut may not be coming so soon after all.