Economic calendar: Politics dominate amid lack of macro releases

8:26 AM 7 December 2020

European markets seen opening lower
Still no breakthrough on Brexit
US senators set to unveil economic relief bill

Futures markets point to a lower opening of the European session. As is often the case on Mondays, the economic calendar is light. Macro readings that are scheduled for release seldom have an impact on the markets. Having said that, attention may be focused on politics today. No breakthrough was made on Brexit over the weekend and the topic is likely to remain a major driver for GBP this week. Elsewhere, a bipartisan group of US senators is set to present an economic relief bill worth around $908 billion.

9:30 am GMT - Euro area, Sentix index for December. Expected: -13. Previous: -10

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3:00 pm GMT - Canada, Ivey PMI for November. Expected:51.5. Previous: 54.5

Asian session

10:50 pm GMT - Japan, GDP report for Q3 (revision). First release: 5% QoQ

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