Sigh Of Relief Weighs On Yen And Gold, While Lifting Equities And The Dollar

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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.

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Source : http://www.brecorder.com/2017/09/12/368965/markets-mostly-climb-as-dealers-look-past-n-korea-irma/

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