Global shares rise on hopes of central bank rate cuts; Tory Party hopefuls in race for PM spook sterling

Global shares rose on the belief more central banks will be forced to cut interest rates to shelter the global economy from the trade wars, but crash-out Brexit fears weighed heavily on sterling.

Stock markets from Dublin to New York gained after the latest weak US jobs report pointed to a sharp slowdown in the US economy, even before the latest flare-up in trade tensions with China and Mexico.