* Sterling down
* U.S. stocks reverse earlier gains
* United States, China sound upbeat on trade talks
(Updates to after Brexit vote)
By Caroline Valetkevitch
NEW YORK, Oct 22 (Reuters) - Stocks on world markets
declined, with the S&P 500 turning lower, and the pound weakened
on Tuesday after British lawmakers rejected the government's
proposed timetable for passing legislation to ratify a deal over
Britain's exit from the European Union.
U.S. Treasury yields also fell after the vote on British
Prime Minister Boris Johnson's ratification timetable.
Stocks were higher earlier, supported by some upbeat
corporate results and talk of progress in the China-U.S. trade
negotiations.
"It's noisy but I don't think (the Brexit vote is) a big
factor," said Paul Nolte, portfolio manager at Kingsview
Investment Management in Chicago.
"Stocks have done well in the face of all of that stuff, and
part of that is because markets are happy with the low interest
rate environment, and that's not likely to be going away soon."
Also, strong corporate earnings since last week have
provided some respite to equity markets, which were rattled over
the past few months by geopolitical worries and a slowing global
economy.
The Dow Jones Industrial Average .DJI rose 10.13 points,
or 0.04%, to 26,837.77, the S&P 500 .SPX lost 5.43 points, or
0.18%, to 3,001.29 and the Nasdaq Composite .IXIC dropped
44.41 points, or 0.54%, to 8,118.58.
The pan-European STOXX 600 index .STOXX rose 0.09% and
MSCI's gauge of stocks across the globe .MIWD00000PUS shed
0.06%.
Sterling GBP= was last trading at $1.2876, down 0.63% on
the day.
In the U.S. bond market, benchmark 10-year notes US10YT=RR
last rose 8/32 in price to yield 1.7659%, from 1.792% late on
Monday.
On the trade front, China and the United States have
achieved some progress in their trade talks, Vice Foreign
Minister Le Yucheng said on Tuesday, adding that as long as both
sides respected each other, any problem could be resolved.
That followed upbeat comments on Monday by the White House.
U.S. President Donald Trump said efforts to resolve the
U.S.-China dispute were going well, while White House economic
nadviser Larry Kudlow said tariffs on Chinese goods scheduled
for December could be withdrawn if talks go well.
Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr
Emerging markets in 2019 http://tmsnrt.rs/2ihRugV
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