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Global shares return to record high as Irma loses strength

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - World shares returned to a record high on Monday, on relief that hurricane Irma looked to be losing strength in the United States and that North Korea's anniversary celebrations at the weekend passed without any new missile test.MSCI All Country World Index, which tracks roughly 2,400 stocks in 47 countries, climbed to its latest peak as Europe's insurers rose more than 2 percent on hopes Irma's damage would not prove as costly as feared. Wall Street's main markets were expected to gain around 0.5 percent when they reopen, having lost ground last week as the ...

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First Published: Mon, September 11 2017. 19:02 IST