Market movers today
In the UK, there will be no vote on PM Theresa May's Brexit deal today after May decided to postpone the vote, see below and Brexit Monitor: Brexit clash postponed to January, at the earliest , 10 December 2018 . Parliament will hold a three-hour emergency debate on Tuesday on May's decision to defer the vote.
In Germany, we will get ZEW expectations in December. The index is at the lowest level since 2012.
The UK jobs report for October is due and the US is due to release the small business optimism from NFIB for November.
Norway is due to release the monthly GDP estimate for October ahead of the Norges Bank meeting on Thursday, where we expect no changes to the policy rate but a confirmation that it is on track to deliver a hike in March (see page 2).
Selected market news
US stock markets staged a late rebound last night, pulled higher by a rally in tech stocks. Chinese stocks are also slightly higher overnight. Apple (NASDAQ:AAPL) faced further headwinds yesterday as a Chinese court ruled in favour of Qualcomm (NASDAQ:QCOM) in a case about intellectual property rights. See the Reuters article, Court orders China sales ban , 10 December.
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