World stocks edge up as Apple relief offsets Brexit complications
Investors expecta dovish US Fed rates review as the chances of a no-deal Brexit increase, with eyes also on the upcoming US-China talks
Milan — World stocks edged up and the dollar steadied on Wednesday ahead of policy guidance from the US Federal Reserve, with Apple results providing relief, while market confidence that a no-deal Brexit can be avoided took a hit. The MSCI world equity index, which tracks shares in 47 countries, was up 0.08% by 9.09am GMT following gains in Asia overnight and a muted start to trading in Europe. The pan-European STOXX 600 benchmark index was flat. Investors fretted about the possibility of a no-deal British departure from the EU after UK law makers instructed Prime Minister Theresa May on Tuesday to re-open the treaty she had negotiated with Brussels to replace a controversial Irish border arrangement. Goldman Sachs upped its no-deal Brexit probability to 15% from 10%, and cut the chance of Brexit not happening at all to 35% from 40%. “Tuesday’s Brexit amendments offered little additional clarity to anyone,” Goldman Sachs analysts wrote. Worries over a disorderly exit of Britain from...
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