Good morning, and welcome to our rolling coverage of the world economy, financial markets, euro area and business.
The economy in Britain ended in 2018, and the economy fell by 0.4% only in December. Today we discover whether growth has increased in January, when the latest monthly GDP data are published at 09:30.
Economists predict GDP growth of 0.2% in January, led by the return of growth in the service sector. This would abolish the annual pace of growth of 1.2%, versus 1.0% – still poor result.
But, of course, nothing is guaranteed – we can find that growth is weaker, given how starkly January was for businesses in the UK. The bosses may have been unwilling to invest, after seeing the government suffer a record loss over its Brexit plan.
Britain could also have an impact on the slowdown in the eurozone, where Italy is in recession and Germany's growth is blocked. Not to mention the US-China trade war.
It also comes today
Financial results of the breeding company Domino pizza, fashion chain French connection and retailing cars Pendragon will also show how the United Kingdom economy is fine.
Investors from all over the world today will see Westminster, as Teresa May returns the Brexit deal to the House of Commons.
Last night, the prime minister announced it would provide an "improved deal", only for opposition MPs to point out that the withdrawal agreement did not change at all.
To win tonight, May has to convince the parties of its deputies to reject their opposition to the Treaty, and also assure their allies in the DUP. There is enough question ….
We also receive data on February inflation in the United States, which are likely to show that cost of living increases by 1.6% a year, as in January.
European stock markets are expected to rise this morning after a good day at Wall Street.
On the agenda
- 9.30 am: British GDP report for January
- 9.30 am: Britain's trade balance for January
- 12:30 pm GMI: inflation in the US for February