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Global stocks are broadly higher for five straight days and has regained nearly $4 trillion in value lost during the U.K.’s referendum, while emerging market valuations came in below their highest in more than a year. 

Meanwhile, copper is seen rallying as policy makers are prepared enough to limit results. The acquisitions have recovered and witnessed an uptick in corporate bond sales. Japan’s currency and government bonds gave back their gains since the Brexit vote. 

Global markets are expected to ease as there were speculations that the central bank efforts will be sufficient to restrict any Brexit effect. Analysts have forecasted a rate cut from the Bank of England on Thursday, while Japan’s Prime Minister Shinzo Abe has ordered several fiscal stimulus. 

Subsequently, 35 percent of investors anticipate a rate hike from the Federal Reserve this year, though Fed Bank of St. Louis President James Bullard is expecting a near-zero impact on the U.S. Further signs on the U.K. seemed more enduring, as sterling posted weaker by 11 percent against the dollar since the vote.   

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According to Chief Investment Officer Richard Haworth, 36 South Capital Advisors seemed to be surprised as markets had settled in a very short period of time.

“This is the strangest environment I’ve seen in 30 years,” Haworth said. “I had a sneaking suspicion that Brexit could have been the butterfly’s wing that created a hurricane down the line. But maybe, maybe not.”

Asian Stocks Rally

Asian stock markets edge higher during the course of Wednesday’s trading, following the Dow’s session-high at the close, as the confirmation of the new leader of Britain started to calm uncertainties and stimulus hopes have sent stocks to rally.

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Japan’s Nikkei index has seen a 0.8 percent increase to end at 16,231.43, while South Korea’s Kospi added 0.7 percent to 2,005.55 at the close. Meanwhile, the Hang Send index climbed 0.5 percent to trade at 21,328.90. S&P/ASX 200 rose 0.7 percent to 5,388.50.

Elsewhere in mainland stocks, China, Singapore and the Philippines were also surging, but Indonesian stocks were slightly declining.  

“Market sentiment has improved as Britain’s new prime minister has been confirmed and thus substantially reduced the political uncertainties following the Brexit vote,” an analyst at CMC Markets Singapore Margaret Yang said.

“Although there is still a lack of clues as to when negotiations will start and the new terms of the UK’s relationship with the EU still remain uncertain, at least now we know there is a plan and the roadmap is clearer.”

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