Lookahead: markets focus on Brexit votes, data amid global slowdown

Credit: Reuters Studio
Published on March 11, 2019 - Duration: 02:01s

Lookahead: markets focus on Brexit votes, data amid global slowdown

Amid fears that a global slowdown may be even worse than thought, G7 economies release a mix of key trade, CPI and manufacturing data.

And, as Pascale Davies reports, Britain will once again be wrestling with its Brexit dilemmas, in a series of votes in parliament.


Lookahead: markets focus on Brexit votes, data amid global slowdown

All eyes rest on Westminster this week when the UK parliament will vote on the government's Brexit deal on Tuesday.

The same day as markets get manufacturing, services, construction and trade data (SOUNDBITE) (English) BRITISH FOREIGN SECRETARY, JEREMY HUNT, SAYING: ''The real risk for any of my colleagues in the House of Commons of voting against the Prime Minister's agreement is the risk of us ending up in Brexit paralysis." If that's the outcome, another vote follows later in the week on a no-deal Brexit.

And if that fails, a third on postponing Britain's departure from the EU.

'No deal' a prospect that could also be a blow to the euro zone.

Ahead of the vote, on Monday - Germany will reveal its trade data for January and along with France on Thursday, will publish its Consumer Price Index.

Europe's economic powerhouse barely avoided a recession last year - and the ECB made clear the challenges the bloc faces at its policy meeting on Thursday.

SOUNDBITE (English) MARIO DRAGHI, ECB PRESIDENT, SAYING: "The persistence of uncertainty is related to geopolitical factors.

The threat of protectionism and vulnerabilities in emerging markets appears to be leaving marks on economic sentiment." Germany's key export-cars - hit particularly hard, due to possible U.S. tariffs and a potential no-deal Brexit.

Cars will hit the headlines again on Friday When Germany, France, and the UK report car registrations Ahead of a Fed policy meeting next week, The U.S. too will deliver key figures on Friday publishing its manufacturing data and Michigan sentiment indicator.

As with the euro zone readings already under pressure from the trade spat with China and a global slowdown.

Rounding off the week, The Bank of Japan holds its two day policy meeting, where, according to a Reuters poll, will hold its stimulus policy steady.

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