A measure of stocks across the globe rose in a volatile session on Thursday, led by gains on Wall Street, while the dollar rallied as traders continued to digest the Federal Reserve’s uber-dovish stance.
Sterling slid, down 0.92 percent versus the dollar, as concern grew alongside the probability of a no-deal Brexit that would likely slow economic growth.
Expected losses in bank shares on the likelihood of lower interest rates were more than offset by gains in the technology sector, lifting the Wall Street benchmark to near its highest in five months.
The Dow Jones Industrial Average rose 201.26 points, or 0.78 percent, to 25,946.93, the S&P 500 gained 22.77 points, or 0.81 percent, to 2,847 and the Nasdaq Composite added 79.70 points, or 1.03 percent, to 7,808.67.
Source : Reuters