Global stocks rise to five-month highs as dollar dips

An investor watches a board showing stock information at a brokerage office in Beijing, China October 8, 2018. REUTERS/ JASON LEE

Britain’s FTSE 100 outperformed its European peers with a 0.3% gain at the start of a week that could see parliament voting for a third time on Prime Minister Theresa May’s Brexit plan after ruling out a near-term no-deal exit. In particular focus will be the whether policymakers will have sufficiently lowered their interest-rate forecasts to more closely align their “dot plot”, a diagram showing individual policymakers’ rate views for the next three years.

E-mini futures for the S&P 500 were higher by 0.06%, indicating a positive open on Wall Street later in the day. The euro was holding at $1.13435, well up from the recent trough of $1.1174 which was hit when the European Central Bank took a dovish turn of its own.

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