European shares rise on delayed Brexit vote, dollar gains; Wall Street flat
Thursday, 14 March 2019 By Herbert Lash NEW YORK (Reuters) - A gauge of global equity markets traded little changed on Thursday as European shares rose ahead of new voting that backed a Brexit delay and bolstered the dollar, while Wall Street meandered on uncertainty over U.S.-China trade talks. The dollar gained for the first time in a week as the pound fell even after Parliament voted overwhelmingly to seek a delay to the March 29 deadline for Britain to exit the European Union. Lawmakers also voted against a second referendum on EU membership as the delay vote set the stage for Prime Minister Theresa May to renew efforts to get a divorce deal approved by Parliament next week.
According to Reuters, the S&P 500 and the Nasdaq Composite snapped a three-day streak of gains. Although the top markets on Wall Street were trading about flat on the day, the S&P and Nasdaq suffered marginal losses. The S&P shed about 2-points, while the Nasdaq dropped 12-points. But the Dow Jones...
British companies are already making plans to stockpile for a no-deal Brexit on October 31. They are concerned that the UK could leave the European Union without a deal in the run-up to Christmas time,..