Bonds, Stocks Fall on U.S. Data as Pound Sinks Amid Brexit Angst
- Colombian assets tumble after voters reject rebel peace accord
- Asian index futures mixed with China shut; crude extends rally
Foley: Brexit a Massive Wave of Uncertainty for Pound
Government debt fell with stocks after data showing expansion in U.S. manufacturing bolstered wagers that the Federal Reserve will raise interest rates this year. The pound slid on concern Britain may face a so-called hard Brexit.
Treasuries declined across maturities and the S&P 500 Index fell following three straight weekly gains. U.K. shares climbed the most among western-European markets as the weaker currency boosted exporters with Prime Minister Theresa May saying the country will begin to exit the European Union next year. Colombian assets sank as the government’s failure to gain popular support for a peace deal fueled speculation it won’t be able to deliver key tax reforms. Oil rallied as traders mulled last week’s shift in OPEC policy.