Some also expect the Brexit vote to derail the U.S. Federal Reserve’s plans to raise interest rates this year. Global shares and sterling initially plunged after Thursday’s so-called Brexit vote, as investors feared the U.K.’s departure from the EU would slow global economic growth and extend the period of low interest rates. U.S. stocks rallied Wednesday, rising in tandem with markets in Europe and Asia, as fears receded that the U.K.’s referendum vote last week to leave the European Union would disrupt the global economy. MS 2.13 %“People are starting to take stock that this is more country-specific and is not affecting markets everywhere,” he said. Some investors said they are betting that the impact of the U.K. vote will be limited, especially if economic data from the U.S. and China show growth.

Source: Wall Street Journal June 29, 2016 07:35 UTC