New York — World stocks rose along with US Treasury yields and the US dollar on Monday as investors regained an appetite for riskier investments amid an easing of tensions in a nuclear standoff between the United States and North Korea. After a week of jitters that send stock markets worldwide tumbling, investor fears eased after South Korea’s president said resolving North Korea’s nuclear ambitions must be done peacefully and US officials played down the risk of an imminent war. MSCI’s world equity index was up 0.86% after its biggest weekly drop since early November. The US benchmark S&P 500 climbed and the pan-European STOXX 600 rose 1.26% following a 0.89% jump in MSCI’s index of Asia-Pacific shares outside Japan. Art Hogan, chief market strategist at Wunderlich Securities said "the North Korean tension seems to be abating a bit," and that investors are taking a "buy the dip" attitude. The Dow Jones Industrial Average rose 149.22 points, or 0.68%, to 22,007.54, the S&P 500 gaine...
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