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World stocks hit record highs as Irma weakens

Reuters  |  LONDON 

By Kit ReesLONDON (Reuters) - World stocks climbed to record highs on Tuesday as easing tensions over North Korea and signs that Hurricane Irma was causing less damage than feared in the United States boosted risk appetite.MSCI All Country World Index edged up 0.2 percent, building on Monday's 0.9 percent gain which was its fourth-biggest so far this year.The pan-European STOXX 600 index jumped to a one-month peak as insurers made further headway and basic resources and financials joined in the rally.MSCI World's insurer index gained a further 0.3 percent, as insured property losses from ...

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First Published: Tue, September 12 2017. 14:27 IST