Washington and Beijing say they’re close to finalising’ parts of an’ phase one’ trade deal
10.53 am GMT
In New York, shares in Microsoft are rallying in pre-market trading after it won a $10 bn contract to provide cloud computing services for the Pentagon late last week.
But Amazon, who were favourite to claim the contract, are down in pre-market trading — having already said it was “surprised about this conclusion”.
10.35 am GMT
The European Central Bank are shedding a departure defendant for Mario Draghi this afternoon, before he stepped down as chairperson on 31 October.
But the latest money supply illustrations, secreted this morning, have made a dampener on celebrations.
The annual growth rate of broad fund( M3) in the euro area decreased to 5.5% in September 2019 from 5.8% in August( reworked from 5.7% ). Full press release https :// t.co/ WuZPiYa8r 7 pic.twitter.com/ XKwfC9 7EwE
Bad news for the Euro area and ECB economy as the growth rate of narrow money( M1) falls from 8.5% to 7.9% in September #GDP