Australian shares jump amid hopes of draft Brexit deal

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Australian shares jump amid hopes of draft Brexit deal
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Australian shares rose in early trade, with Japanese markets also poised for a higher open, as news overnight boosted Brexit optimism.

jumped 0.69% in the morning, while futures pointed to a higher open for Japanese shares as compared to the index's last close.Meanwhile, Brexit hopes were buoyed by

. The sterling spiked to a four-month high after optimistic comments from European negotiator Michel Barnier, with reports that a draft legal text was being drawn up."Risk rallied across the board despite the IMF downgrading its growth outlook.

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