Global stock index rises, led by Europe; pound weakens

Germany's DAX index jumped 2.5 percent to its highest point of 2016. Wall Street was little changed, receding after the S&P 500 and Nasdaq set fresh intraday records, as energy shares dropped amid weaker oil prices. The pound fell for the fifth day in a row after a Bank of England policymaker said the central bank will probably have to loosen monetary policy further if the U.K.'s economy worsens.