The recovery slowed to creep in October – live updates

2) Ministers are considering a voucher plan to boost commercial investment: CBI said the proposed plan would give small businesses a 20% discount to adopt technology that can help solve the productivity puzzle.

3) Uber and Airbnb have been targeted as the Treasury Department plans to tighten VAT rulesThe Treasury is considering tightening the rules for the sharing economy. The introduction of VAT may lead to an increase in the prices for using services.

4) The US government is suing Facebook and could force it to sell Instagram and WhatsApp: Two long-awaited lawsuits were filed yesterday asking the court to block future Facebook mergers and possibly dismantle its business.

5) DoorDash is flying its first Wall Street appearance as buoys head into a record year: Shares of the company rose to $ 189 on its New York debut, with DoorDash valued at $ 72 billion – more than twice the market value of Barclays.

What happened overnight

aChinese stocks tumbled from their record highs on Thursday as US stimulus talks faltered and the heavy sell-off of tech stocks, while sterling traders sat on the edge of the knife. The recent Brexit negotiations only resulted in an agreement to keep talking.

The MSCI broadest index of Asia-Pacific stocks outside of Japan fell 0.34%. Japan’s Nikkei erased its early losses, trading 0.1% lower. Both have risen more than 60 percent from their March lows. Meanwhile, S&P 500 futures trimmed early gains and stabilized in Asian afternoon trade.

US Treasuries rallied while the dollar weakened slightly after a choppy currency market session, as traders are now looking forward to the European Central Bank’s monetary policy meeting. The pound swung at $ 1.3366 as the Brexit decision awaits.

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The nearly 2% drop in the Nasdaq on Wednesday was driven by a 1.9% drop in Facebook shares after that US regulators have filed lawsuits alleging that the company used its dominance To buy or crush competitors, hurting the competition.

Is coming today

Company: DS Smith, DWF, FirstGroup (Interim results); Marston, at the beach (Whole year)

Economics: October GDP, Trade Balance, BRICS Housing Survey (United kingdom); European Central Bank announcement (Euro-zone) ; Industrial production (France); Inflation and unemployment claims (we)

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