PM May travels to Berlin/Paris to seek support ahead of EU Summit

There is no further news regarding the China-US trade talks. However, in an escalation of the trade dispute with Europe the US Trade Representative announced a list of European products to potentially face tariffs in retaliation for aircraft subsidies.

Ahead of Wednesday’s key emergency European Summit, PM May will travel to Berlin and Paris to seek support from EU leaders for the UK’s request for a Brexit extension date. Media reports suggest that a core group of EU leaders will meet shortly before the summit to discuss a plan of offering a more extended delay than the UK has requested. In the UK, cross-party talks are expected to continue as a compromise deal is sought. Meanwhile, tonight the House of Commons will discuss the PM’s intention to ask for an extension until 30th June.

Today’s EU calendar was again very light and none of the data releases seem had much impact on markets. In the US, the NFIB small business survey will be watched for signs that confidence continued to hold up at the back end of Q1.

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