Receding trade fears propel world shares to six-month peak

MSCI's gauge of stocks across the globe gained 0.30 percent to hit the highest level since March 13. Sterling tumbled and pushed the dollar up after British Prime Minister Theresa May said Brexit talks had hit an impasse and that the European Union must offer an alternative plan after the bloc's leaders rejected her plans. The pound fell 1.42 percent, marking its biggest daily loss since June 2017.

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