US futures are lower as global stocks decline. In the US, ADP reported private payrolls in November rose by 190K, slightly above estimates. Third quarter non-farm productivity rose slightly less than expected to 3% q/q, while unit labor costs declined by 0.2%. The decline in unit labor costs was a surprise as the market was expecting a rise of 0.3% for the quarter. European shares are lower, led by auto, bank and technology shares. Asian shares closed lower with Japanâ€™s NIKKEI falling nearly 2%.