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

Central bankers' speeches

• 4:00 pm GMT - Fed Evans