World stocks rally after North Korea refrains from launch

World stocks rally after North Korea refrains from launch

World stocks rally after North Korea refrains from launch

North American stock market indexes jumped Monday after hurricane Irma weakened without causing as much damage as feared, while the loonie slowed its pace of recent gains.

Gains for bank stocks were more moderate than those for life insurance companies due to worries that a slowdown in the housing market will hold back loan growth, Scott said. Futures on the S&P 500 Index climbed 0.5 per cent.

The Dow Jones industrial average soared 259.58 points, or 1.2 percent, to 22,057.37.

The Nasdaq Composite was up 56.85 points, or 0.89 per cent, at 6,417.05. The Russell 2000 index of smaller-company stocks added 15 points, or 1.1 percent, to 1,414. USA stocks were poised for a solid opening with Dow futures and the broader S&P 500 futures 0.5 percent higher.

The technology sector jumped 1.31 per cent. Apple rose 1.96 per cent a day ahead of the launch of the new iPhone and provided the biggest boost to the Nasdaq and the S&P 500. United States gold futures for December delivery were down 0,9 percent at $1,339.20.

Philippe Coutinho's potential move to Barcelona has taken another twist
Liverpool manager Jurgen Klopp is reportedly set to "do a Barcelona " with his goalkeepers in the Champions League this season . As far as the defense is concerned, the likes of Gomez, Lovren and Robertson should return to the starting XI as well.

On Saturday, North Korea will mark the Founding of the Nation Day and the fear is that a nuclear or missile test will be conducted as was the case all a year ago.

STORMY WEATHER: Investors were waiting for damage assessments after Hurricane Irma battered Florida's coastline, knocking out power to millions and flooding the financial district in downtown Miami and toppling two construction cranes there.

Gold prices fell early on Monday after hitting its highest in over a year in the previous session, as the dollar recovered from last week's lows and as lack of geopolitical developments dented safe-haven appeal.

Power was cut to more than one million people in Floria and cranes buckled in Miami as the Category 4 hurricane made land in the USA but financial markets had been bracing for an economy denting storm that could delay further interest rate hikes in the US. "The short-term stage has been set for some consolidation (in gold prices)".

Gold reached a 12-month high of around $1,356 per oz last week in the aftermath of North Korea´s purported hydrogen bomb test.

Russian and USA astronauts arrive at ISS
They will join Russia's Sergey Ryazanskiy, American Randy Bresnik and Italy's Paolo Nespoli, who have been aboard the station since late July.

The Canadian dollar gained 0.21 cents to 82.49 cents U.S. The underlying gauge fell 0.2 per cent on Friday.

Bond prices sank. The yield on the 10-year Treasury note rose to 2.12 from 2.05 percent.

The Topix index advanced 1.4 per cent as of 12.30pm Tokyo time, on course for its steepest advance since early June.

World stocks climbed to a record high, while the dollar edged higher and gold retreated from Friday's 13-month high.

The pound's rebound from its post-Brexit vote lows is potentially negative news, however, for British firms that have big business interests outside the U.K. And the money they make overseas will be worth less when it is brought back to the U.K. That helps explain why the FTSE 100 index of leading British firms, which is made up of main global companies like BP and Burberry, was a laggard.

North Korea warns United States over new sanctions
The proposal included a ban on oil and textile exports to North Korea and prohibited North Korean citizens from working overseas . The United had originally pushed for a strict oil embargo, as well as a freeze on the assets of North Korean leader Kim Jong-Un.

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