LONDON: World stocks hovered just under a six-month high on Tuesday as Brent neared US$70 a barrel for the first time since November, Brexit fatigue sapped sterling and the dollar shows signs of gaining strength again.
May is due to hold hours of cabinet meetings with senior ministers on Tuesday to plan the government's next moves. MSCI's broadest index of Asia-Pacific shares outside Japan ended up 0.2 percent and at a seven-month high after also rallying more than one percent in the previous session and a jump from Wall Street overnight.
U.S. crude futures traded at US$61.82 per barrel, up 0.4 percent on the day while Brent futures were eyeing US$70 a barrel for the first time since November at US$69.19. It jumped 20 percent to touch US$5,000, its highest since November. Crypto-analysts pointed to a large order in a thin market, though there wasn't any obvious trigger for than order immediately apparent.