Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The British pound plunged to a seven-week low Friday after a shock election result cast doubt on Britain's talks to leave the European Union, but global equity markets rallied with key indexes on Wall Street hitting new record highs.The impact of the British election on the U.S. markets was limited.Ablin said over the past 12 months, central banks, including the Fed, have pumped almost $2 trillion into capital markets, which has driven asset prices higher.Britain's FTSE 100 index rose 1 percent, and the pan-regional FTSEurofirst 300 index of leading European shares rose 0.36 percent to 1,534.20 .The S&P 500 gained 10.14 points, or 0.42 percent, to 2,443.93 and the Nasdaq Composite added 3.30 points, or 0.05 percent, to 6,325.06 .U.S. 10-year Treasurys were last down 7/32 in price to yield 2.2198 percent.
FOLLOW THIS ARTICLE