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Global Markets: Stocks hit two-week high, led by banks ahead of earnings

Reuters  |  NEW YORK 

By Hilary RussNEW YORK (Reuters) - Global stocks hit a two-week high on Monday, led by a rise in bank shares ahead of earnings reports from the biggest U.S. lenders later in the week, while sterling took a hit after another British cabinet resignation left Prime Minister Theresa May's Brexit plans in chaos.The MSCI world equity index, which tracks shares in 47 countries, rose 0.86 percent. Wall Street notched a third straight day of gains as the market looked past the tit-for-tat trade battle under way between Washington and Beijing.The S&P 500 Index gained 0.88 percent, led by a nearly 3 ...

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First Published: Tue, July 10 2018. 17:16 IST