Global stocks continue towards its three-day rally while bond yields lingered close to record lows as investors anticipate further stimulus measures from central banks worldwide after the Brexit vote and as the Bank of England elevated the possibility of bond buying.
Wall Street gained as the benchmark S&P 500 index was up 1% as the MSCI All-Country World Index was also 1.1% but is poised to end June at about 0.9% lower. Britain’s UK FTSE 100 jumped 2.3% and has climbed almost 3% since the Brexit vote. Meanwhile, the sterling dropped 0.6% to $1.3338 against the dollar, still surpassing the 31 year low of $1.3122 on Monday. The Euro which suffered losses days after the result of the Brexit vote fell to $1.1103 by 0.2%.
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