World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers, Reuters reported. European shares jumped 2.4 percent in early trading having plunged over 10 percent since Friday. Banks and insurers, which have suffered the most in the rout, led the fightback. Barclays jumped 6.3 percent, Deutsche Bank climbed 3.5 percent, Credit Agricole and Italy's UniCredit were both up 7 percent and Spain's Bankia jumped 9.5 percent. Battered sterling also got a reprieve. It rose 0.8 percent to $1.3335 following the biggest two-day slide in the post-1973 era of floating exchange rates, which saw it slump to a 31-year low of $1.3122 on Monday. Against the yen, sterling rose 1 percent to 135.54 while the euro nudged up versus the dollar to $1.1075 having dropped to a three-month low of $1.0912 after the British vote.
