Brexit is expected to dominate the headlines, as Prime Minister Theresa May has agreed to a proposal set by Labour, suggesting a timeline for Britainís withdrawal from the EU. The Supreme Court is debating whether MPs will have the final say on how and if the UK will leave the European Union.
The Dow Jones Industrial Average gained 38 points overnight, setting a new record of 19,251. Investors are taking their positions in preparation for a round of central bank meetings in Japan and the United States.
Asian markets were strong, with the indices in Tokyo, Hong Kong and Shanghai all making gains. Meanwhile, Stagecoach reports that the East Coast rail franchise is a concern for them, as it is becoming hard for them to predict their full year outcome. They posted 15 percent lower earnings for the half year leading up to October, but they also increased their dividend by 8.6 percent. Rail proved to be the main problem area.
Britainís trade deficit with the rest of the world is around £6 billion bigger than had previously been thought, according to a report by the Times, however foreign firms have been investing in British businesses. Meanwhile, Apple reports that their watch product is doing better than previously reported.