SYDNEY -- Asian share markets jumped on Friday as a last-gasp Sino-US trade deal and a likely major election win by Britain's Conservative Party looked to have cleared a couple of dark clouds from the global horizon.
"Global equity indices such as MSCI World should set more record highs and sterling could push above $1.36." The pound was last up 2.3 percent at $1.3464 and reached levels on the euro not visited since mid-2016. "If the U.S. cuts the current tariffs to some extent as reported, that is not something markets have priced in, so we could see a further leg up in the stock market," said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities in Tokyo.
Interest rate futures slipped as investors priced in less chance of a rate cut from the Federal Reserve next year - a shift seen across a range of developed nations.