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Premarket: Global stocks, pound higher as tweaked Brexit deal soothes investor worries

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Premarket: Global stocks, pound higher as tweaked Brexit deal soothes investor worries GlobeInvestor

Last-minute tweaks to Britain’s deal to leave the European Union triggered gains across global stocks and propelled sterling higher on Tuesday, soothing investor worries about a possible no-deal exit that has unnerved financial markets in recent months.

Sterling, which had already risen ahead of the talks on changes, rallied on hopes the assurance may be enough to sway rebellious British lawmakers who have threatened to vote down May’s plan again on Tuesday. MSCI’s broadest index of Asia-Pacific shares outside Japan closed up 1 per cent, while Chinese blue chips ended up 0.7 per cent, extending the previous day’s rally.

A nearly 7 per cent gain in Nvidia shares helped to propel the Nasdaq Composite 2.02 per cent higher.The turn toward riskier assets lifted yields of higher-rated euro-zone government bonds.

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