Economic calendar: European and US politics in focus

European markets seen opening lower
US House to vote on stimulus bill today
German IFO index expected to be slightly weaker in December

Markets are slowly getting into a holiday mood and the economic calendar is expected to remain relatively light until Christmas next week. However, there is still a lot of action when it comes to politics. Fisheries are said to remain the final hurdle towards striking a Brexit deal and talks are still ongoing. Apart from that, US House is expected to vote on a stimulus bill today and the Senate majority leader said that the Senate will work throughout the weekend if it has to. Economic reports scheduled for today seldom have a major impact on the markets therefore focusing on political headlines may be a good choice.

9:00 am GMT - Poland, industrial production for November. Expected: +3% YoY. Previous: +1% YoY

9:00 am GMT - Germany, IFO index for December. Expected: 90. Previous: 90.7

1:30 pm GMT - Canada, retail sales for October. Expected: 0.2% MoM. Previous: 1.1% MoM

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4:00 pm GMT - Fed Evans

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Economic reports

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