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Global equities hit record as Irma weakens, dollar gains

Reuters  |  NEW YORK 

By Herbert LashNEW YORK (Reuters) - A global equity index and the S&P 500 surged to record highs on Monday, spurred by relief that Hurricane Irma weakened to a tropical storm and that North Korea's anniversary celebrations on the weekend passed without a new missile test.Demand slipped for safe-haven assets as investors took on more risk after Irma caused less damage than initially expected and North Korea marked its founding on Saturday without new provocations. The dollar gained while gold prices fell, as did prices of benchmark German and U.S. Treasury debt. Ranked as one of the most ...

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First Published: Tue, September 12 2017. 02:25 IST