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Stocks Rise With Commodities as Falling Brexit Risk Boosts Pound

Posted by Chris Advincula on Jun 17, 2016 3:55:42 AM

(Jun 17 Bloomberg) Global stocks rebounded from a four-week low, commodities rallied and the pound strengthened after the murder of a U.K. lawmaker prompted speculation Britons will be less inclined to vote to leave the European Union. Sovereign bonds fell as demand for haven assets cooled.

All 10 industry groups advanced on the MSCI All Country World Index, led by gains in financial shares and raw-materials producers. Sterling led gains among G-10 currencies after bookmakers' odds indicated a reduced chance that the U.K. will leave the EU following a June 23 referendum. The currencies of commodity-exporting nations strengthened as U.S. crude snapped a six-day losing streak and industrial metals rallied with gold. Then-year bonds in Japan and the U.K. declined for the first time in more than a week.

Click on the link below to see the full story from Bloomberg: (by James Regan and Netty Idayu Ismail)

Stocks Rise with Commodities as Falling Brexit Risk Boosts Pound



Topics: commodities, Stocks, Equities, Europe, UK, Fundamentals, BREXIT


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