Divorce Date and Senate’s Tax Reform Eyed
Britain is the main provider of today’s data, including manufacturing and industrial production numbers and a GDP estimate for earlier 3 months. Another round of Brexit is about to begin. David Davis (Brexit Secretary) is planning to present a correction to the EU Withdrawal Bill in the Parliament. He insists on setting an exact date for the divorce, which would be March 29, 2019.
The Senate has released its own version of tax reform. As expected, corporate tax lowering will be postponed to 2019. But, President’s administration didn’t seem to have a strong reaction to the news. Shares responded with declines. Dollar remains weak. Overall, due to Veterans Day in the United States, trading is likely to be muted.