Wednesday, 16 January 2019

Markets rise, UK Parliament rejects Brexit deal

Markets rose on Tuesday.

The S&P 500 jumped 1.1 percent, the STOXX Europe 600 rose 0.3 percent and the Nikkei 225 rose 1.0 percent.

Markets largely shrugged off the uncertainty associated with the UK's departure from the European Union as the UK Parliament voted against Prime Minister Theresa May's Brexit deal on Tuesday.

Christopher Smart, head of macroeconomic and geopolitical research at Barings, said that the impact of Brexit “will be minimal” and that “Britain will remain deeply integrated with the EU”.

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