D-Day for May
Head of Macro Analysis
Summary: The Brexit saga winds on as the UK votes to delay its departure from the EU.
Elsewhere, we expect a bunch of US data in the afternoon, especially weekly initial jobless claims and January new home sales. Consensus estimates jobless claims might slightly increase by 2k to 225K in the week ended March 2. For home sales, consensus expects an increase by 0.6% in January. The market impact should be limited as many investors will be focused on the UK Parliament vote today.
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