Tuesday 12 September 2017

Markets rose on Monday as risk appetite returned after Hurricane Irma wreaked less damage in the US than forecast and North Korea refrained from aggravating tensions.

The MSCI All-Country World Index rose 0.8 percent. The S&P 500 rose 1.1 percent to a record high, the STOXX Europe 600 rose 1 percent and the MSCI Emerging Market Index rose 0.7 percent.

Oil rose, with West Texas Intermediate crude rising 1.2 percent.

Bonds fell. The US 10-year Treasury yield rose eight basis points to 2.13 percent, the German 10-year yield rose two basis points to 0.33 percent and the UK 10-year yield rose five basis points to 1.04 percent.

Gold fell 1.1 percent.

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