Global stocks hit a record high for the first time since early 2018 and bond yields climbed after news that President Donald Trump signed off on a trade deal with China averting tariffs set for Sunday. The pound surged the most in almost three years in the wake of exit polls showing a solid majority for U.K. Prime Minister Boris Johnson, offering greater clarity for Brexit. Shares jumped in Tokyo, Hong Kong, Shanghai and Seoul with more modest gains seen in Sydney. China’s yuan punched through 7 per dollar with the biggest gain in a year. Ten-year Treasury yields extended Thursday’s rise, and the yen retreated. Futures on the S&P 500 Index saw smaller gains and those on the U.K.’s FTSE 100 Index slipped as the rise in sterling weighed.- Bloomberg 




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