The pound jumped on Tuesday and Asian shares rose after the European Commission agreed to changes in a Brexit deal ahead of a vote in the British ...
SHANGHAI: The pound jumped on Tuesday and Asian shares rose after the European Commission agreed to changes in a Brexit deal ahead of a vote in the British parliament on a divorce agreement.
The pound was up 0.7 percent, buying US$1.3239 and taking its gains for two days to more than 1.6 percent. U.S. shares rebounded from a week-long losing streak, with news that U.S. chip supplier Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies Ltd for US$6.8 billion helping to boost tech shares.
The Dow Jones Industrial Average rose 0.79 percent, with gains tempered by a 5.3 percent drop in Boeing shares after some airlines grounded the company's new 737 MAX 8 passenger jet following a second deadly crash of the airliner in five months.In a morning note, analysts at ANZ said comments from U.S. Federal Reserve Chairman Jerome Powell on the weekend that the central bank is in no hurry to raise rates had helped to boost riskier assets.
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