Eastern North America has been partially shut down due to a major late winter storm which has grounded thousands of flights. The meeting between President Trump and German Chancellor Merkel in Washington has been postponed from today to Friday due to the weather. So far the two day Fed meeting leading up to tomorrow's interest rate decision is still scheduled to proceed. Stock markets around the world have been trading flat to slightly lower overnight. US index futures, the Dax and the Nikkei are all down 0.1%, while the FTSE is up 0.1%. WTI crude oil is up 0.7% in a trading bounce. Gold is trading flat while most major currencies are down slightly against USD with one exception. Economic data has generally been disappointing overnight, particularly Chinese retail sales and Eurozone industrial production. The British Pound is tumbling today, losing a big figure to the US Dollar and smaller amounts to other majors including the Euro. Today, the House of Commons voted down the two amendments the House of Lords had proposed, paving the way for PM May to trigger Article 50 and start Brexit negotiations. Press reports have suggested this could happen by the end of this month but perhaps not this week. Other reports have centered around additional legislation which may be needed and indications that the Prime Minister is likely to say No to a second Scottish Referendum until after Brexit is completed at least (and who knows what the EU will look like by then?) Due to the weather, US trading could be light today. We may, however see traders start to position ahead of the potentially big developments set for Wednesday and Thursday which include Fed, Bank of Japan and Bank of England meetings, the Netherlands election, the US preliminary budget and end of the debt ceiling deal, more talk around the Obamacare replacement legislation and potentially more. Corporate News There have been no major corporate announcements so far this morning. Economic News China retail sales 9.5% vs street 10.6% China industrial production 6.3% vs street 6.2% Germany consumer prices 2.2% as expected Germany ZEW current 77.3 vs street 78.0 Germany ZEW expectations 12.8% vs street 13.0 Eurozone industrial production 0.6% vs street 0.9% Australia NAB business conditions 9 vs previous 16 Australia NAB business confidence 7 vs previous 10 Upcoming significant economic announcements include: 8:30 am EDT US producer prices street 1.9% vs previous 1.6% 8:30 am EDT US core PPI street 1.5% 8:30 am EDT Canada Teranet house prices previous 13.0% CMC Markets is an execution only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.