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Stocks Firm as Brexit Deal Looks More Certain

EQUITIES

Stocks across Europe and the US traded well Wednesday, with several reports circling that a Brexit deal is more than likely before Christmas, avoiding any further economic pressure that may stem from an abrupt end to the transition period on January 1st.

GBP strength countered any significant advance in UK equities, with the FTSE-100 adding around 0.7% and underperforming its continental peers.

In the US, equities followed suit, with the S&P rising just over 0.5%. Gains were driven by energy and financials, with tech the sole sector in the red and largely responsible for the NASDAQ's softness into the close. The VIX retreated, falling back below the 23 point mark.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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