Here are some of the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad:
Another round of Brexit voting
Members of parliament (MPs) are set to vote again on a range of different Brexit options on Monday evening in the hopes that a majority will back a single solution that could solve the nation’s Brexit deadlock.
Expectations are high that MPs may rally around the idea of leaving the European Union, but remaining within the bloc’s customs union.
Prime minister Theresa May’s Brexit deal — which was approved by all 27 EU member states — was rejected three times by MPs.
Uncertainty remains around the possibility for a longer Brexit extension.
The default option remains that the UK falls out of the EU without a deal on 12 April, which is considered a hard Brexit and would be deeply damaging to both sides.
easyJet’s Brexit warning
The group said that its results in the second half of the financial year could be hurt by “macroeconomic uncertainty and many unanswered questions surrounding Brexit.” easyJet said this was contributing to “weaker customer demand in the market.”
Shares plunged by as much as 8% in morning trading, making it the worst performer on London’s FTSE 100 (^FTSE) index.
“Higher fuel costs are hitting profits and with Brexit potentially impacting travel regulations and currency markets, customers are understandably waiting for more certainty before booking trips away,” George Salmon, an equity analyst at Hargreaves Lansdown, said.
Global stock market overview
Upbeat economic data from China and progress in US-China trade talks helped boost investor sentiment.
This comes after some key indices in Asia posted gains in excess of 1%. China’s benchmark Shanghai Composite (000001.SS) outperformed the pack with a rise of 2.6%. Hong Kong’s Hang Seng index (^HSI) also pushed up by 1.7%, while Japan’s Nikkei 225 (^N225) rose by 1.4%.