Global stocks gain on hopes for progress in trade war and Brexit

Reuters | October 21, 2019

Global stocks gain on hopes for progress in trade war and Brexit
World shares nudged higher on Monday, as hopes for progress towards resolving the U.S.-China trade war and a belief that Britain will avoid a disorderly exit from the European Union gave cause for riskier bets. MSCI’s world equity index .MIWD00000PUS, which tracks shares in 47 countries, gained 0.2%, with the broad Euro STOXX 600 adding 0.3%. The positive mood mirrored gains for Asian stocks. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.3%, with Chinese shares .CSI300 gaining 0.3%. Appetite for riskier assets was also supported as markets judged the chances of a disruptive “no deal” Brexit as lowering, even after Britain’s parliament delayed a vote on Prime Minister Boris Johnson’s deal to exit the EU.

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