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May Fails to Secure Alternative Deal | US Industrial Production Data in Focus

Published February 15, 2019
  • Prime Minister May will continue to move forward with efforts to secure an alternative Brexit deal, despite the defeat she suffered from the House of Commons yesterday. Members of Parliament voted against a motion endorsing the government’s policy by 303 to 258.
  • President Xi Jinping said US-China trade talks will continue next week in Washington, as the both sides are eager to conclude on a deal that would prevent tariff increases on Chinese goods after March 1.
  • Today’s economic data publications include US industrial production for January with expectations for output growth to slow to 0.1%. Additionally, reports for manufacturing and January import/export prices are issued later this morning, alongside the much-anticipated University of Michigan sentiment numbers at 10:00 a.m.
  • President Trump is expected to sign Congress’s government funding bill later today, as he prepares to utilize executive powers to declare an emergency at the border in an attempt to move federal funds towards construction of the wall.