World stocks and the pound rise on trade deal and UK election
The pound surges Boris Johnson’s Tories win a parliamentary majority and the US proposes delaying a tranche of tariffs on Chinese goods
13 December 2019 - 12:00
London/Sydney — Stocks rose and the pound gained on Friday as the prospect of a China-US trade deal and an election victory for Britain’s Brexit-backing Conservative Party cleared two of the darkest clouds on the global investment horizon.
The double dose of relief undercut safe-haven sovereign bonds and the yen and led markets to scale back expectations of more interest rates cuts around the world...
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