To m. P. S Boris Johnson has asked the European Union to rethink its refusal to renegotiate a break that deal johnson also said his government would prioritize preparations for exiting without an agreement if there is no deal with you by the october 31st deadline this week our mission is to deliver british on the 31st of october for the purpose of uniting and reenergizing our great United Kingdom and making this country the greatest place. On earth lets go live now to jonah how hes outside westminster so how did that speech go down with m. P. s. Boris is still on his feet Boris Johnson in fact taking questions from m. P. s everybody wants to get a question in to him how did that speech go down im sure it went down extremely well with his own supporters is sort of trademark brand now of positive energy being invoked there talking about the beginning of a new golden age for our United Kingdom a vote the can do spirit of optimism that he thinks has been so lacking over the last 3 years in
Current Monetary Policy is too tight. A few months of good data is only the beginning of what it will take to build confidence that we are moving to our goal. U. S. President biden calls on congress to pass a fresh Security Package for ukraine and israel worth 100 billion. Saying america holds the world together. Put all that at risk if we walk away from ukraine and turn our backs on israel. Its just not worth it. Uk retail sales slide in september after they struggle with the Consumer Confidence. Andrew bailey expects to see inflation pull back, but warns the tight labor market is a key concern. Warm welcome to street si signs. Lets get straight to markets. We have bounced off the lows and we saw 20 minutes ago where the stoxx 600 hit a sevenmonth low. Several off 1 in the early hours of trade. We are 1 lower for the majority of boards. Ftse 100 out performing and holding up being down 0. 4 . This has been a global fee non man in. You we have the hang seng down. 80 . Similar in the sh
Positive fair values. Could mark a bit of an Inflection Point here. The u. S. Senate passes a twoyear budget agreement to boost spending and suspend the debt ceiling. The bill now goes to the house. Matt less than a halfhour from the open and we could be less than a halfhour from that vote as well. We are going to keep our eye on what is going on with the big slump in the cash trade yesterday. Looking at futures this morning, we had a very negative picture as the route spread from the u. S. To asia and back to europe. Now, we see some futures contracts turning positive. If you check in everything and see at fair value, you will an indication that we are still going to open lower up not as long as they would have earlier. Markets stopped to look start to look forward, maybe they recover a little bit. A lot of people point to the bond yields have one of the sugars for the selloff that we saw and continue to see. 2. 85 on the 10 year bonds. We see it rising more than three basis points th
Will for the first tax revamp in three decades. Rishaad alibaba sales rising 61 , adding 250 billion in market value this year alone. Haidi trade, security, and north korea, President Trumps agenda as he packs his bags for asia. Rishaad im sure hes packing his bags right now. Regiontries in the asian , having a look at what is going on. I want to get to the fulcrum of why he is visiting. It has always been about trade. 4775. S chart there we go. That is the problem here. Japan, south korea, taiwan, philippines amongst others and one of the concerns is the trade imbalance. The red indicates how bad the deficit is with china, growing and growing since 1997. Looking at south korea and yellow, it has not gotten that much larger. Right, thats a look at some of the challenges. He wants fair trade, that is what he is saying, for the u. S. Not to have such a huge deficit. Good trade,trade, better trade is the way it has been framed. We will be watching for that. Also a look at nonfarm payroll
European Equities Trading right now, what we gets been good thats what a week it has been we are taking a look at european Equities Trading right now. What a week it has been. The euro falling against the dollar. The u. K. 10year up for basis points today that four basis the u. K. 10year up four basis points today. The maker of highend lipstick and mascara in china giving loreal a boost. Makers leading the way. Company has had Strong Performance in china and hong kong, helping the Luxury Division post doubledigit growth. Ar france klm shares opened bit uptodate. The stock then slumped, its now rising. Air france shares are lower. We will come back to that. These are renault shares. France giving up some of its control with the sale of a 4. 7 stake in the carmaker that was acquired in a contentious power struggle a couple of years ago. Renault shares have climbed 16 in the last two months. Today, they are up by 4 . Julie a little better over here. All the major averages at their highs o