Euro, Pound Rally on Brexit Concession; Global Stocks Dip

Euro, Pound Rally on Brexit Concession; Global Stocks Dip
A Trader works on the floor of the New York Stock Exchange (NYSE) in New York, on Oct. 19, 2018. Brendan McDermid/Reuters
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NEW YORK—Stocks dipped on Oct. 19, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand.

Oil prices rose on signs of surging demand in China, although prices fell for a second week running as U.S. inventories swelled.