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Global stocks hit new highs as Irma, North Korea fears ebb

Reuters  |  NEW YORK 

By Herbert LashNEW YORK (Reuters) - Stocks on Wall Street and a gauge of global equity markets set new closing highs on Tuesday after the feared impact of Hurricane Irma waned and the easing of tensions with North Korea boosted risk appetite and drove a sell-off in global bond markets.The U.S. dollar eked out modest gains, helped by the bounce in government debt yields and ahead of U.S. inflation data on Thursday that could influence the timing of the next Federal Reserve interest rate hike.The S&P 500, Nasdaq and the Dow Jones Industrial Average set new closing highs as Wall Street advanced, ...

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First Published: Wed, September 13 2017. 02:25 IST