- Reuters/Kevin Lamarque
Here is what you need to know.
Congress is planning to punt on the government-shutdown deadline. Republican leaders in Congress released plans to extend government funding by two weeks, to December 22, to delay a potential government shutdown.
The pound continues to drop as Brexit talks break down. Sterling trades down 0.5% at 1.3413 against the dollar on Tuesday following news on Monday that no deal had been reached between the United Kingdom and the European Union regarding the Irish border.
Australia holds, stays positive on wages. The Reserve Bank of Australia held its benchmark interest rate at 1.50% and said signs were emerging that tighter labor-market conditions were leading to some skill shortages, which should drive wages higher over time.
London heavyweights fly to Saudi Arabia to try to land the Aramco IPO. An unnamed “senior executive,” the city’s lord mayor, and executives from PwC and Standard Life Aberdeen are in Saudi Arabia this week in an attempt to bring the Aramco initial public offering to London.
Bitcoin hits another record high. The cryptocurrency hit $11,829 a coin in overnight action, edging out its previous high of $11,826, according to Markets Insider data. It’s now little changed near $11,700.
Mueller reportedly subpoenas Deutsche Bank for information on Trump. Robert Mueller, the special counsel investigating President Donald Trump’s campaign’s ties to Russia, asked the German bank for data on accounts held by Trump and his family, Reuters reports, citing a person close to the matter.
Lamborghini unveils its first SUV. The SUV, called the Urus, will be delivered in the spring at a cost of $202,903, excluding taxes, Reuters reports.
Stock markets around the world are lower. Hong Kong’s Hang Seng (-1.01%) was hit hard overnight, and France’s CAC (-0.63%) trails in Europe. The S&P 500 is set to open little changed near 2,638.
Earnings reports trickle out. Toll Brothers reports ahead of the opening bell, and RH releases its quarterly results after markets close.
US economic data picks up. The trade balance will be released at 8:30 a.m. ET before Markit PMI and ISM Non-Manufacturing cross the wires at 9:45 a.m. ET and 10 a.m. ET.