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Stocks Enlarged Before Fed, Because Apple Helps Balance Brexit Complications Reuters

© Reuters. FILE PHOTO – A woman using a smartphone is reflected on a stock exchange outside brokerage in Tokyo, Japan

Danilo Masoni

MILAN (Reuters) – World stocks rose and the dollar stood before the US Federal Reserve policy recommendation, while Apple's (NASDAQ 🙂 results provided relief, while market confidence that Brexit could not be avoided,

The MSCI global stock index, which tracks stocks in 47 countries, was 0.08 percent 0909 GMT after gains in Asia overnight and subdued commencement of trading in Europe. The pan-European benchmark index was flat.

Investors fear a possible "British exit" from the European Union after British lawmakers ordered Prime Minister Theresa Maya on Tuesday to reopen the deal he negotiated with Brussels to replace the controversial Irish border arrangement.

Goldman Sachs (NYSE 🙂 has increased Brexit's likelihood of "non-business" to 15 percent from 10 percent and reduce the likelihood that Brexit is not at 35 percent at 40 percent at all.

"Brexit's upgrades on Tuesday did not address us anymore," Goldman Sachs analysts wrote.

Concerns over a disproportionate exit from Britain from a club he entered in 1973 dragged over pounds overnight and helped raise the internationally exposed British stock index by 0.8 percent in the morning stores.

Sterling rose 0.3 percent to 1.3113 USD in the morning shop.

Apple's earlier earnings have given some assurance, as the iPhone has experienced significant growth in services.

Investors were discounted that after the company shocked the financial markets earlier this month, there was no bad news with a revenue warning that raised fears that US-China business tensions are choosing tolls in the technology sector.

"Apple's revenue, which was enough to get the investors back on board," analyst Neil Wilson said.

"Although Apple is still struggling with big questions such as price structure, upgrading cycles, FX front wind, and weaker Chinese demand, we have received a positive response to the key question of whether service margins can help increase inventory."

The US added 0.2 percent, while European tech stocks were among the top European traders. Also, luxury shares have been raised, strongly exposed to Chinese markets.

Apple CEO Tim Cook said the trade-related tensions between the United States and China had relaxed and canceled the mood before the next round of official talks Wednesday in Washington.

Both sides meet in the top-level talks with the White House, as US President Donald Trump and his Chinese counterpart Xi Jinping agreed in December on a 90-day ceasefire in the war.

"I expect the Washington Summit to help pave the way for a prolongation of the trade cease, markets are also expected, and the failure of the deal is not counted," said Giuseppe Sersale, Fund Manager Anthilia Capital.


Expectations from the Federal Reserve's review of rates on Wednesday are that policy makers will strengthen their recent stance when the US economy slows down.

"We believe the Fed will likely show what flexibility markets will strive for its upcoming meeting because it is offset by solid domestic economic growth with slower global growth and less significant but persistent domestic risks," said John Lynch, chief investment strategist at LPL Financial.

US interest rate futures are virtually no changes to the official rates this year.

Investors are looking for President Jerome Powell's advice on whether he has any interest in slowing down the Fed's balance sheet by as much as $ 50 billion a month.

The value – the value of the benchmark against the six main peers – was at 95,797.

The Australian dollar rose by 0.5 percent as inflation exceeded forecasts and reached a six-month high on the offshore market before business talks.

In commodities, gold grew 0.2% to an 8-1 / 2-month maximum of US $ 1,315.3 per ounce, which was backed by uncertainty about US-China trade relations, and the expectation that the Fed will keep its policy suspended.

Oil prices have risen and have been backed by concerns about disruptions in supplies after the Venezuelan oil industry in the US, which have been tied to the dark outlook of the global economy.

Negative futures in the US West Texas Intermediate (WTI) added 0.19 percent to 53.41 dollars a barrel, while futures added 0.10 percent to $ 61.38 per barrel.

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