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The economic data for the week ahead will be likely overshadowed by the Brexit developments. After months of stalemate, there seems to be some kind of progress.
But hopes diminished quickly after UK lawmakers voted down the deal on Saturday. This means the UK will seek an extension to Brexit. The UK government sent a letter to the EU to formally seek an extension to Brexit to 31 January 2020. The situation remains fluid for the moment.
The US-China trade deal has taken a backseat after the initial euphoria which saw equities rising. Both sides now have an incentive to close the limited phase one deal. Investors expect the deal to be closed any time before the middle of November.
On the economic front, data is sparse with the exception of the ECB’s monetary policy meeting. This will be Mario Draghi’s final monetary policy meeting as he makes way for Christine Lagarde.
Investors will, therefore, brush aside any economic data from the eurozone.
Here’s a brief look at the key economi...
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