Today will be a tumultuous one for US President Donald Trump, whose impeachment probe is finally yielding results. The House of Representatives will be voting on two separate articles of impeachment. They hold a majority, so the vote is likely going to pass without issues.
Afterwards, Donald Trump will be tried before the Senate. However, the Republicans dominate the Senate, making an actual conviction of Trump extremely unlikely. Regardless of the fact that many Republicans also took an issue with how Trump has been handling the issue and his possible abuse of power, they might still stand behind him because they would not want to give Democrats the satisfaction of having impeached their President.
Meanwhile, the US stock markets are slowing down. There is no major news expected anymore, and the boost from the recent news that China and the United States have agreed on a phase-one trade deal is already wearing off. Christmas and New Year’s are coming up, so there will be many days off for the stock exchanges in the next two weeks.
The recent improvement in the trade relationship between the United States and China had a positive impact on Europe, most notably seen in the improvement in the economic sentiment in Germany, the EU’s industrial powerhouse.
