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
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