- The UK Parliament voted down the government’s plan for the interminably tedious EU-UK divorce. This was expected.
- The UK Parliament will almost certainly reject a no-deal exit today. That leaves extending the process. If the UK government is legally mandated to avoid a no-deal exit, they can extend Article 50, or withdraw and resubmit Article 50 (if the EU does not cooperate).
- Euro area industrial production data is due.
- US durable goods orders offer some insight into investment spending in the US Investment should be stabilizing as the uncertainties over NAFTA’s future fade.
- Producer price inflation hints at whether US companies are passing on higher labor costs as inflation.
MMT = QE perpetuity