Global equities stay close to six-month high
Some brightening of the global industrial mood competes for attention with another dismal US retail sales report and the Brexit saga
London — World stocks hovered just under a six-month high on Tuesday as Brent neared $70 a barrel for the first time since November, Brexit fatigue sapped sterling and the dollar shows signs of gaining strength again. Some brightening of the global industrial mood — at least in China and the US — was competing for attention with another dour US retail sales report, Britain’s broken Brexit plans and more central bank caution, this time from Australia. Most European bourses posted slight gains early on helped by Britain’s exporter-heavy FTSE 100, which climbed as much as 0.5% as exporters cheered the fourth fall in sterling in the past five days. That was because Britain was no nearer to resolving the chaos surrounding its exit from the EU bloc after parliament failed on Monday to find a majority of its own for any alternative to Prime Minister Theresa May’s divorce deal. May is due to hold hours of cabinet meetings with senior ministers on Tuesday to plan the government's next moves....
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