Sigh Of Relief Weighs On Yen And Gold, While Lifting Equities And The Dollar - CATEGORY Latest news: TITLE

LONDON: World stock markets mostly rose Tuesday on fading concerns over North Korea and Hurricane Irma, but London dipped as strong inflation data sent the pound flying to a one-year dollar peak.

Frankfurt and Paris equities pushed higher as the North Korea crisis eased and dealers breathed a sigh of relief that Hurricane Irma caused less damage to Florida than initially feared.

However, London’s benchmark FTSE 100 index was hobbled as official data showed Britain’s 12-month inflation rate jumped to 2.9 percent in August compared to 2.6 percent in July,

In reaction, sterling jumped to $1.3282 — last seen on September 13, 2016 — on hopes the Bank of England could lift its key interest rate sooner than expected, although it is not forecast to make any change at its policy meeting on Thursday., latest News Around the world presents the latest information of national, regional, and international, politics, economics, sports, automotive, and lifestyle.

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