A clearer picture on trade relations and Brexit buoyed global markets, shoring up investors’ appetite for risk late in what has already been a banner year for world stocks.

President Trump has agreed to a limited trade agreement with Beijing, The Wall Street Journal reported Thursday. In the U.K., an exit poll and early results pointed to a sweeping election victory for Prime Minister Boris Johnson’s Conservative Party, bolstering hopes for a smooth exit from the European Union.

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