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Analysts at Danske Bank point out that today, we have an indicative Brexit vote on the way forward in the UK, which is unlikely to be that important anymore given PM Theresa May’s promise to hold three votes on 12-14 March (on a Brexit deal, a no deal and an extension of Article 50, respectively).

Key Quotes

“While we have talked a lot about the Cooper amendment recently, it may be pulled if the MPs have faith in May’s promise. The votes in March are likely to be much more important at this point.”

“In Norway, retail sales and the unemployment rate are due out and in Sweden a lot of confidence indicators are due out. See page 2 for more information.”

“In Europe, consumer and business confidence indicators for February are due and we will look for any signs of whether the European economies are rebounding soon or not.”

“In the US, Fed Chair Powell’s two-day hearing continues but it is unlikely to move the markets.”