Largest economy in europe for 2019. There are more concerns about the global trade deals than there was yesterday. You can see european stocks pretty much flat. The dollar pretty much a steady. We are getting some data out of germany shortly. We also speak to the dallas fed president , Robert Kaplan at 3 30 p. M. London time. Lets get straight to the bloomberg first word news. Now, u. S. Story for tariffs on china staying put. The Trump Administration is likely to keep them in place until after the president ial election. Any relief is also contingent on compliance. Steven mnuchin and says tariffs wont be removed until the next stage of a trade deal. These tariffs will stay in place until there is a phase two. If the president gets a phase two quickly, he will consider relieving tariffs as part of a phase two. It has nothing to do with the election or anything else. Today, the u. S. And china are scheduled to sign their phase one trade deal. 1 billion is the figure by which jp morgans
Its chinamade model 3 just a year after they broke ground teheran condemns what it calls terrorist attacks on iranallied militia. We continue to demand the Islamic Republic iran act consistent in a wi i laid back in may 2018 for what it is we expect iran to do so it can rejoin the community of nations. So lets take a look at the European Markets now that they had a bit of time to warm up, although warming up is the opposite of whats going on here because they are cooling down. Nikkei down 2 ftse mib in italy down and germany down by 4. 5 its been a very good year for all of these markets year to date lets take a look at how the overnight action was while we were all fast c markets. Im looking in the correct perspective now. The nikkei 225 did finish down but has closed for the year. Year to date its tally was up by 18 . The shanghai composite was the stand out performer for the asia pacific markets up over the past ten years down by just over 7 the hang seng in Congress Hong was an und
The teenage motocylist hit by a car in august, now extradition proceedings begin after an American Woman is charged with causing his death by dangerous driving. Hampering the christmas getaway flooding closes the m23 in sussex as parts of southern england are inundated. And big discounts on the high street as retailers try to make the most of last minute christmas shoppers. And coming up on bbc news. Mikel arteta is announced as the new head coach of arsenal. The clubs former captain will be the youngest manager in the premier league. Good evening and welcome to the bbc news at six. Three and a half years after the uk voted to leave the eu, mps have resoundingly voted in favour of the governments brexit bill. It paves the way for borisjohnson to deliver his promise that the uk will leave the eu at the end of next month. The Prime Minister won the vote easily by 358 votes to 234. Six labour mps rebelled and voted with the government. The Withdrawal Agreement, now approved in principle b
Parts of southern england that are inundated. At a quarter to eight, private eyes editor ian hislop joins the bbcs media editor to look back ona the bbcs media editor to look back on a fascinating year of front covers, cartoons, and satire. Good evening. Three and a half years after the uk voted to leave the eu, mps have resoundingly voted in favour of the government cosmic brexit bill. It paves the way for borisjohnson to deliver his promise that the uk will leave the eu at the end of next month. Well, the per minister won the vote easily by 358 votes to 234. Six labour mps rebelled and voted with the government. Now, the Withdrawal Agreement, now approved in principle by mps, says that the uk will leave the eu on the 31st of january and allows a transition period until the end of 2020. During which time, we will still abide by eu rules. It also says that we will pay the eu a divorce bill of around £33 billion, and it sets out a plan for dealing with the Northern Irish border with wh
Welcome to daybreak europe. A rally in chinese equities, the best start to the year since 2016. You are seeing some green on the screen for the Msci Asia Pacific index. Excluding japan, seeing some gains of more than 1 in todays session. In yuan not moving a lot reaction to that cut by the pboc. Pretty much in line with expectations. Some of it might be to do with easing liquidity concerns around the spring festival. Markets closed in terms of the cash market. Futures not giving us a lot of direction. Switch the board and we do see some green on the screen for the s p 500. Futures on the front foot. The dollar recovering a little bit from four days of declines. Oil on the front foot as well. Lets get back to the china story. The pboc has slashed their cash reserve ratio by 50 basis points, unleashing about 115 billion of liquidity into the financial system. The move aims to help make it cheaper for companies to borrow money. Pmi stays inring expansionary territory in line with the rece