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

Reuters  |  NEW YORK 

By Herbert LashNEW YORK (Reuters) - 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 U.S. dollar clung to modest gains, helped by the bounce in government debt yields and ahead of U.S. inflation data that could influence the timing of the next Federal Reserve interest rate hike.Shares of Apple , the most valuable U.S. company, fell 0.78 percent to $160.22 as investors reacted to the unveiling of the 10th anniversary edition of the ...

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First Published: Wed, September 13 2017. 01:06 IST