* Pound rebounds after UK lawmakers vote down Brexit deal
* U.S. stocks up in late-afternoon trade
* Oil nudges higher on supply cut talk (Updates to include reaction to Brexit vote)
By Caroline Valetkevitch
NEW YORK, Jan 15 (Reuters) - Sterling rebounded from the day's lows on Tuesday after British lawmakers defeated Prime Minister Theresa May's deal on withdrawing from the European Union, and major world stock markets climbed on hopes of more stimulus for China's economy.
Sterling rallied more than a cent to stand above $1.28 after the vote. It GBP= was last trading at $1.2871, up 0.06 percent on the day.
May's crushing loss, the first British parliamentary defeat of a treaty since 1864, marks the collapse of her two-year strategy of forging an amicable divorce maintaining close ties to the EU after the March 29 exit.
"After the big defeat, which was even larger than what the market had expected, we might getting closer to a no-Brexit scenario. The pound has retraced some of its losses after that vote which was not unexpected. It may also simply be short-covering," said Eric Stein, co-director of global income group at Eaton (NYSE:ETN) Vance in Boston.
"There is still a massive amount of uncertainty for U.K. assets," he said.
On Wall Street, stocks rose further after initially paring gains on the Brexit vote.
Helping stock sentiment, U.S. President Trump talked up chances of a China trade deal and Chinese officials hinted at more stimulus for their slowing economy. on Monday showed China's exports unexpectedly fell the most in two years in December, while imports also contracted sharply. move to stabilize the global economy by the Chinese should be viewed positively by the U.S. as well," said Chris Zaccarelli, Chief Investment Officer, Independent Advisor Alliance in Charlotte, North Carolina.
A more-than-6 percent gain in shares of Netflix NFLX.O after it said it was raising rates for its U.S. subscribers helped boost stocks, while JPMorgan Chase & Co (NYSE:JPM) JPM.N 's shares were up slightly despite reporting a lower-than-expected rise in quarterly profit and revenue, hurt by weakness in bond trading. Dow Jones Industrial Average .DJI rose 119.83 points, or 0.5 percent, to 24,029.67, the S&P 500 .SPX gained 23.65 points, or 0.92 percent, to 2,606.26 and the Nasdaq Composite .IXIC added 107.30 points, or 1.55 percent, to 7,013.21.
The pan-European STOXX 600 index .STOXX rose 0.35 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.74 percent.
Germany reported its weakest growth in five years, causing the euro to decline against the dollar.
The euro EUR= was last down 0.56 percent, at $1.1410, while Europe's broad FTSEurofirst 300 index .FTEU3 added 0.47 percent, to 1,373.38.
In commodities, oil prices rebounded on supply cuts by producer club OPEC and Russia.
U.S. Treasury yields were mostly little changed amid negative external factors such as weak European data and concerns over the Brexit deal. Benchmark 10-year notes US10YT=RR last fell 2/32 in price to yield 2.7166 percent, from 2.71 percent late on Monday. Reversals
https://tmsnrt.rs/2RNufNx World FX rates in 2019
http://tmsnrt.rs/2egbfVh MSCI All Country World Index Market Cap
http://tmsnrt.rs/2EmTD6j Emerging markets in 2018
http://tmsnrt.rs/2ihRugV
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