European markets are expected to open higher on Tuesday ahead of the most important vote on Brexit yet – one which will determine whether the U.K. accepts departure terms that Prime Minister Theresa May has agreed with the EU or whether British lawmakers vote for a no-deal Brexit or delayed departure.
Investor attention will be firmly focused on the Brexit deal in the U.K. today when British Members of Parliament vote Tuesday evening on whether to accept or reject May's Brexit deal ahead of the scheduled March 29 departure from the EU. If a majority of them do vote against the deal – as was widely expected before the assurances over the backstop – they will get a vote on Wednesday on whether to leave the EU without a deal. If they reject that option, MPs will then get to vote on whether to delay Brexit.
As investigations continue into the cause of the Ethiopian Airlines crash on Sunday, the U.S. has told airlines that it is safe to fly 737 MAX 8 planes on Monday as a handful of airlines around the world suspended use of the planes. Investigators found two black box recorders Monday that will provide clues on the cause of the crash which killed all 157 people on board.
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