Global Stocks Climb After Brexit Campaign Suspended
- U.K. puts campaign on EU membership vote on hold second day
- Crude jumps most in two months to trade near $48 a barrel
Europe Stocks Rebound to Close Out the Week
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Global equities climbed with the pound as a rally in oil lifted energy stocks and speculation built that the suspension of Brexit campaigning after a lawmaker’s murder supported opponents of U.K. secession. Treasuries fell as demand for havens cooled.
The MSCI All-Country World Index rose from a four-week low, while the S&P 500 pared its decline as crude rallied the most since April, snapping a six-day losing streak. Sterling posted the biggest increase in three months after campaigning over whether the U.K. should quit the EU was on hold a second day after the killing of Jo Cox, a Parliament member who supported voting to stay in next week’s referendum.