Global stocks climb on muted trade hopes, sterling yo-yos as PM May quits
Friday, 24 May 2019 World stocks edged higher on Friday and oil prices bounced after comments by President Donald Trump encouraged hopes of progress in U.S.-China trade talks while British Prime Minister Theresa May's resignation briefly sent sterling fluctuating wildly.
Shares recovered some ground on Friday after a bruising session a day earlier. And sterling bounced - briefly - on news of Theresa May's impending departure from her job as UK prime minister. David Pollard reports.
The Federal Reserve cut interest rates in its September meeting, but one of Wall Street's biggest bears doesn't think the central bank can do much about what he thinks is an imminent 2020 recession. ..