Market movers today
In the euro area, service PMI readings in Italy and Spain for November are due as well as retail sales for the eurozone. These numbers will provide interesting clues about the strength of the eurozone economy, which we discuss in detail in this morning's Euro Area Macro Monitor . Activity remains in hibernation. See also our verdict on the outlook for the euro area as well as the rest of the global economy in The Big Picture - No Recession Yet , 4 December 2018.
In the UK, all eyes are on the debate in the House of Commons and the troubles of the Theresa May government in pushing through the Brexit deal.
I n Poland, the central bank rate decision is due, where we expect no change but watch out for the press conference later in the afternoon.
US markets are closed on Wednesday, as it has been declared a national day of mourning following the death of former President George H.W. Bush. That also means that Powell's address to the US Congress Joint Economic Committee is postponed.
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