We are live on the ground. Matt welcome to bloomberg daybreak europe. We are looking at possibly the end of a global drop in equities. If you take a look at ftse futures, for example, they are still being sold. The open now slated to selloff across europe. However, the u. S. Futures dont look quite as bad. A big selloff we saw yesterday. The pound had rallied on hopes that the eu was considering helping Boris Johnson by limiting the time the backstop is in place. The pound fell. Right now we are at 12283 against the dollar is no deal brexit is back on the table in a substantial way. You see yields now rising as investors are selling debt. They did buy it yesterday on concern about the manufacturing numbers that disappointed the market. Thosere now selling treasuries and pushing the yield up to 1. 66 . Speaking of manufacturing, the u. S. Economy is losing speed. Economists are wondering how slow it can go without dipping into a recession. Growth below 2 would have almost guaranteed a c
Results, due within the next hour. Humiliation for spurs in the Champions League. They are absolutely thumped 7 2 by Bayern Munich, in what is the biggest home defeat of an english team in any European Competition ever. As Renee Zellweger joins rufus sewell to talk to us about their new film, she gives her take on dealing with the press pack. I wasnt thinking about what people think of how i looked, and i wasnt thinking about what this would mean, andi thinking about what this would mean, and i could care less. Good morning, after the deluge of rain we had yesterday, tomorrow much quieter and much drier, with lengthy sunny spells and just a few showers, but feeling cooler. I will have more details later on. It is wednesday 2 october. Our top story the duchess of sussex is suing the mail on sunday over a claim it unlawfully published one of her private letters to her estranged father. The paper says it will defend itself vigorously. In a statement accusing the press of bullying and dest
Sales and ism manufacturing data hits a decade low. We wait on fiat chryslers numbers. A two border solution . Boris johnson will present his brexit plane to the conservative Party Conference today and the eu with provisions for a timelimited irish backstop. Ireland called the deal a nonstarter. A race to the bottom. Shaking of the brokerage world. Good morning. Matt less than half hour away from the european open. Take a look at what happened yesterday. When that ism number came out, it really disappointed markets. Investors bought up treasuries, pushing the yield down. This is a threeday chart. We have recovered a little bit today. Moves a pretty substantial and you saw that in stocks as well. That negativity likely to carry through to european markets today if you look at the futures. You will see equity Index Futures across europe are down. Dax futures are off 0. 4 . Ftse futures are off more than 0. 5 . I will point out we are seeing gains in u. S. Futures still slight, but at lea
Its pretty gloomy out there on Financial Markets with concerns about trade wars weighing on investors. Well have analysis on that and all these stories starting shortly. And joining the virtual tour. On your exercise bike. Well be getting the inside track on esports. And find out if you can be king of the mountains in your living room. And more travellers are turn their backs on air travel over concern for the environment, according to a survey by swiss bank ubs. Today we want to know whether concerns about Carbon Emissions have made you rethink your travel plans . Let us know using the hashtag bbcbizlive. Hello and welcome to business live. India, a country of more than a billion people, is expected today to begin an initiative to clamp down on single use plastic including bags, cups, straws and disposable cutlery by 2022 but at a time when the government is concerned aboutjobs its rumoured the Modi Administration will hold off from introducing an outright ban. India creates almost 26
That offset the departure of ceo. Demonstrations continue after an 18yearold is shot by police after 17 weeks of antigovernment protests the risk off tone was set by wall street overnight. A heavy close after a very disappointing ism manufacturing print coming out of the United States showing it deeply in contracting territory. That set the tone for equity trading. You can see the stoxx 600 today, almost all of the heat map is trading in negative territory. We are only about an hour into the trading session or so. So very heavy losses lets talk about the indices the ftse 100 today with Boris Johnson expected to deliver his keynote speech the ftse 100 is down 1. 2 well get more about hard deal or no deal luxury hit there well talk about that in a second ftse, mib in italy down as well about. 8 travel and leisure the only spot in green basic resources down 1. 8 . Chemicals in decline down almost 4 there anything that has international expose youre or exposure to this trade war speaking o