Stocks gain on stimulus hopes, pound hits six-week high

LONDON-on Monday Investors held a six-week high in support of the slowdown by holding hopes for the World Central Bank's expectations stimulus, while the UK six weeks in hopes that the UK would not end the EU without trading. Hit a record high.

MSCI's All Country World Index.MIWD00000PUS, which tracks stocks in 47 countries, rose 0.06%.

British Prime Minister Boris Johnson will make a second effort to call for re-election to Parliament on Monday, but will be frustrated once again by opposition lawmakers who want to get Britain out of the EU without divorce agreements. .

Sterling hit a six-week high of $ 1.2385 GBP = D3 when investors saw the threat of "no deal" Brexit easing.

In a note released late Friday, Goldman Sachs strategists increased the probability of Brexit trading from 45% to 55% and reduced the "no deal" from 25% to 20%.

Esther Maria Reichelt, a strategist at Commerzbank, said, “The threat from No Brealit has been somewhat mitigated but not completely gone.

The European stock market rose rapidly as the entire European STOXX 600 index flattened from London to noon. Earlier this day, the index fell as the pound strengthened against internationally exposed UK stocks.

Germany's trade-sensitive DAX index .GDAXI showed a 0.7% increase in seasonally adjusted exports in July. A Reuters economist survey noted a 0.5 percent drop.

The data raised the central bank's stimulus expectations with positive surprises from the gloomy figures of major economies since Friday. US employment growth slowed more than expected on Friday and August, and China's weekend data showed that US exports slowed unexpectedly as US exports slowed.

The two countries have been involved in trade disputes since early 2018, and investors are concerned that a rise in tariffs between them, which is already shrinking growth, will put the global economy into recession early next year.

Mark Haefele, chief investment officer at UBS Global Wealth Management said, “If all the proposed tariffs are implemented, growth in the first half of next year will slow down just before the recession.

But the outlook for central bank support raised the sentiment of risk. MSCI's non-Asia-Pacific stock index, .MIAPJ0000PUS, rose 0.2%, while the E-mini futures of the S & P 500 Index ESc1 rose 0.25%.

On Friday, the Bank of China has reduced its reserve requirement seven times in order to secure loans for free since early 2018.

The Federal Reserve expects a rate cut this week, saying Jerome Powell, the Federal Reserve's chairman, says the US Central Bank will continue to “take appropriate steps” to keep the US economy expanding.

The euro fell to its lowest level on the 5th, regaining ground by 0.1% from $ 1.1032.

The dollar was 0.05% lower against the currency basket. .DXY traded at 106.995 yen JPY = at the one-month high of 107.235 at the end of last week.

In fixed income, long-term Eurozone government bond yields were higher, with most yields reaching 3-4 basis points on initial trading. DE30YT = RR FR30YT = RR NL30YT = RR IT50YT = RR.

Saudi Arabia, the world's largest oil exporter, expects to continue to support the reduction of production by OPEC and other producers under new energy minister Abdulaziz bin Salman.