Global Shares, Pound Rally as Brexit Concerns Soften; Oil Soars

Updated on
  • S&P 500 jumps 1.7% as FTSE 100 rally erases post-Brexit loss
  • Crude tops $49 a barrel as dollar slump boosts commodities

U.S., Global Markets Leave Brexit Behind in Rebound

Global stocks rallied for a second day, while the dollar weakened, amid speculation policy makers will move to minimize the impact on global growth of the U.K.’s secession from the European Union. Crude oil gained as American stockpiles fell.

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