Global markets largely price in Theresa May's Brexit vote defeat
The MSCI world equity index, which tracks shares in 47 countries, was flat, while MSCI's main European index gained 0.3%
London — On Wednesday, world equity markets rode out the heavy parliamentary defeat for British Prime Minister Theresa May's Brexit deal, as investors saw potential for legislative deadlock to force London to delay its departure from the EU. May's government faces a no confidence vote on Wednesday after the shattering rejection left Britain's exit from the EU in disarray. May is expected to survive the vote but investors see little sign of breakthrough on the Brexit impasse. As a result, they are increasing betting on Britain being forced to postpone its planned March 29 exit, though few have any clarity on what that would mean for the country in the longer run. Markets had largely priced in the overnight defeat, and in early trade major European bourses mirrored overall resilience in Asian markets. There, stocks were also lifted by signs that China will take more steps to bolster its slowing economy and the US Federal Reserve may pause its run of interest rate rises. “The evidence ...
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