Cathedral. Happy christmas and seasons greetings. For all of you watching on pbs and around the globe, a warm welcome. Viewers here arejoined, as i said, by viewers on bbc world, as well. After relief on both sides following a post brexit trade deal, European Union ambassadors are getting some of the details in a Christmas Day briefing. Theyre hearing from Michel Barnier, whos led the eu negotiating team during nearly a year of fraught negotiations with britain. The uk Prime Minister, borisjohnson, said britain had achieved a £660 billion a year trade agreement which would protectjobs. But the opposition labour party, said the deal was thin and didnt protect workers. The agreement must be ratified if it comes in on the ist ofjanuary. Our political correspondent, helen catt, reports. Its Little Wonder that he looked so pleased. This was a big moment, a deal done after nine months of talks and years of divisive debate. Im very pleased to tell you this afternoon that we have completed th
Park in kent after france reopened its border with the uk. We start the programme on brexit because there is increasing speculation a trade deal between the uk and the eu could be agreed as early as tonight. It is understood the broad shape of an agreement is there but theres still some discussion over details. Our europe editor katya adler has the latest from brussels. The expectation here in brussels is that tonight is the night. Or at least that it should be. Eu diplomats say there is so little difference now between the the two sides. That said, they are continuing to negotiate this evening on the last sticking point. Weve spoken so much about fish that eu keep some fishing rights in uk waters after brexit. And all the complexities surrounding that. The Prime Minister is said to have been in very close contact with the president of the European Commission who of course represent all the eu countries in his discussion. That makes absolute sense. Because its only at those top politic
Headline low. This is todays Worldwide Exchange. Im ross westgate. Here with your headlines from around the world. The dollar treasury yields continue to prove surprisingly hawkish among concerns of some about the bank qe program. That may add more to todays strange jobs report which led to spectacular hiring growth. Meanwhile, here in europe, composite pmi shows manufacturing in contraction territory. Well look ahead to uk services pmi in under half an hour. This after the hsbc in china shows a slowdown the lowest since august 2011. Warm welcome to you. 47. 8, services pmi. It marked a fivemonth high. That mean the composite number has picked up slightly. The final composite number confirmed at 47. 2, a little weaker than 47. 3 flash, 46. 5 in november. It is nevertheless the high since march. Perhaps some tentative signs emerging that the eurozone economy may have passed the worst of its downturn, although recovery still looks months away. The december Services Business expectations
Reins as rbi governor. And samsung is preparing to take the wraps off its new galaxy gear smart watch as it tries to take first move advantage over apple in the gadget wars. All right. Warm welcome. Were into another worldwide exchange. Good afternoon. Good morning depending where you are in the globe. Eurozone composite pmi hit the high since august 2000. The final number, slightly weaker, a nudge down from the flash. But nevertheless, 51. 5 for the month of august. It was 50. 5 in july. The highest headline since june 2011. As i said, albeit revised down from the official flash reading of 51. 7. We have just as a result slightly down, euro dollar down on the session low at 131. 62 at the moment. The new orders index up to 51. The first time it has been the 50 mark dividing growth contract igs since july 2011. Something of welcome news to the ecb, which, of course, meets this week as well. We have also been hearing from the imf this morning and saying germany could do more for domesti
Coalition. His firm trading higher on the Deutsche Bank upgrade. Zblrj we kick off with the second reading of the eu services. Private sector returning to modest gross in july. Pmi suggesting the economy starting to stabilize. Business expanding for the first time in 18 months. The market using composite purchase managing index up to 58. 5 from 48. 7 in june. Breaks the 50 threshold for the First Time Since january 2002. Headline figure revised up a tick from the permanent reading of 50. 4. Slightly better. Thats just taken the euro dollar to the best levels of the session at 132. 89. Below 133. Trading tight ranges on euro dollar. Joining us is jonathan tapper. Nice to see you today. The pmi is now almost just about in expansion territory for europe. Are you confident that we finally got after two years we finally got some Sustainable Growth coming back . I think that this is a cyclical upturn. We are seeing some improvement. Varying perceptions. The Research Firm i run, work with, we