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World stocks climb; sterling steady ahead of May vote

Video Credit: Wochit News - Duration: 00:44s - Published < > Embed
World stocks climb; sterling steady ahead of May vote

World stocks climb; sterling steady ahead of May vote

According to Reuters, Major world stock indexes rose on Wednesday, with the S&P 500 supported by gains in U.S. bank stocks after strong earnings, while the pound was steady ahead of a no-confidence vote in British Prime Minister Theresa May’s government.

Investors saw potential for legislative deadlock forcing London to delay its departure from the European Union following the parliamentary defeat of May’s Brexit deal late Tuesday.

The no-confidence vote is expected at 1900 GMT.

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