New York — The S&P 500 and a gauge of global equity markets hit new highs on Tuesday as the feared impact of Hurricane Irma waned and the easing of tensions with North Korea helped drive a sell-off in global bond markets. The US dollar clung to its gains, helped by the bounce in government debt yields and ahead of US inflation data that could influence the timing of the next Federal Reserve interest rate hike. European shares rose to a five-week high, extending the relief bounce seen in the previous session and Wall Street advanced, led by gains in financial and industrial stocks. MSCI’s all country world stock index, which tracks more than 2,400 stocks in 47 countries, rose 0.26% after it jumped 0.9% on Monday, its fourth-biggest gain so far this year. "There’s a relief factor, at least for the moment, that the North Korea situation has gone a little bit quiet and the fact that the hurricane over the weekend was not as bad as expected," said Dave Donabedian, chief investment office...
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