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Brexit is on the menu yet again as the House of Commons is set to vote on the Article 50 bill to trigger the EU exit process on Wednesday.
Theresa May on Tuesday contained a Tory rebellion over Brexit by promising MPs a “take it or leave it” vote on the final draft of any EU exit agreement. However, Clive Lewis, the shadow business secretary, has threatened to vote against the Article 50 bill if the government refuses to accept certain Labour amendments.
In Asia, Japan’s Topix index has come back from an early fall to rise 0.5 per cent, as has Hong Kong’s Hang Seng index, up 0.4 per cent. In Australia the S&P/ASX 200 closed up 0.5 per cent.
Futures tip the FTSE 100 to open flat in London, while the S&P 500 is expected to open marginally lower in New York.
Corporate earnings reports out today include DMGT, Tullow Oil, Dunelm, WS Atkins, Hargreaves Landsdown, Redrow, Rio Tinto and GSK.
The economic calendar for Wednesday is, by comparison, rather light (all times London):
- 08.00: Spain industrial production
- 11.00: Portugal Q4 unemployment
- 12.00: Prime Minister’s Questions
- 13.00: Speech from BoE deputy governor Jonathan Cunliffe