An EU official likened the current state of Brexit negotiations to a marathon where runners are"past kilometre 40" of the just over 42-km race. But four weeks before the transition period expires, a no-deal outcome is clearly a risk.
The euro at 2-1/2-year highs is another complication for inflation and economic growth. That might well encourage the ECB to do more rather than less.The clock is ticking on the Dec. 11 deadline for the U.S. Congress to approve an omnibus spending bill to prevent a government shutdown. Investors will also keep an eye on stimulus proposals, given as Republicans and Democrats in Congress remain unable to reach agreement on economic relief measures.-As stocks soar, government shutdown looms in midst of pandemicChinese trade figures land on Monday, hard on the heels of bumper Purchasing Managers' Index readings that showed the economy powering back from the pandemic. Expect more of the same: faster expansion in imports and exports, plus a steady trade surplus.
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