BLOOMBERG.COM
A week after Britain began voting to leave the European Union, global markets are still being dominated by the consequences. There are signs the tension is easing: The pound held steady after former London Mayor Boris Johnson said he won’t run to succeed David Cameron as U.K. Conservative Party leader, offering the chance of a smoother transition of power. European stocks were little changed, having recovered about half their losses since Britain’s EU referendum, while emerging-market equities advanced. And the sterling corporate bond market reopened, with the first offerings since the U.K. voted to leave the EU.
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A week after Britain began voting to leave the European Union, global markets are still being dominated by the consequences. There are signs the tension is easing: The pound held steady after former London Mayor Boris Johnson said he won’t run to succeed David Cameron as U.K. Conservative Party leader, offering the chance of a smoother transition of power. European stocks were little changed, having recovered about half their losses since Britain’s EU referendum, while emerging-market equities advanced. And the sterling corporate bond market reopened, with the first offerings since the U.K. voted to leave the EU.
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