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Global stocks gain on optimism around Brexit deal

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The Dublin stock exchange, a barometer for sentiment around the UK's departure from the EU, rose 0.9%

An investor sits in front of displays showing stock information at a brokerage office in Beijing, China October 11 2018. Picture: REUTERS/ THOMAS PETER

With 70% of its income coming from abroad, the blue-chip index is often pressured by a stronger pound. But it was not clear if the changes would be enough to secure parliamentary support when MPs vote at about 7pm GMT, having voted down May's original deal by a record 230 votes in January."This additional agreement to the existing contract does slightly increase the probability that by tonight the deal will go through, but only slightly increases it," said Britt Weidenbach, head of European equities at DWS.

Despite slowing domestic economic growth and uncertainty about the outlook for trade negotiations between China and the US, Chinese markets have been buoyed in 2019 by investors' expectations of more stimulus to cushion any downturn.Japan's Nikkei stock index closed 1.8% higher, but Australian shares erased earlier gains to end down 0.1%.

 

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