12 September, 2017
Meanwhile, North Korea celebrated its 69th anniversary without testing any missiles or nuclear bombs alleviating concern it would use the occasion to flaunt its fire power.
Irma weakened shortly before it came ashore Sunday, and while the damage is still being assessed, insurers anticipate they won't have to pay out as much in claims as it looked like they would last week.
The 10-year U.S. Treasuries yield jumped to 2.1515 percent US10YT=RR from 2.1250 percent.
The United Nations Security Council unanimously stepped up sanctions against Pyongyang on Monday over the country's sixth and most powerful nuclear test on September 3, imposing a ban on the country's textile exports and capping imports of crude oil. US stocks rallied and US Treasury prices slipped. Lloyd's insurers topped the FTSE 250 on hopes the impact of hurricane Irma, which has now hit south west Florida, would be less bad than feared.
In the eurozone, Frankfurt's DAX 30 won 0.4 percent to 12,527.44 points and the CAC 40 in Paris added 0.3 percent to 5,192.75 points compared with the closing levels on Monday.
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.
- The MSCI Emerging Market Index increased 0.7 percent to the highest in three years.
The UK blue-chip index rose 54 points, or 0.7%, to 7,431, recovering almost all of the ground lost last week.
- The Japanese yen sank 1.5 percent, the most since January, to 109.45 per dollar. The Dollar also edged higher against the common currency Euro after another member of the European Central Bank seemed to downplay the negative impact of the strengthening Euro.
The CBOE volatility index, a widely-followed measure of market anxiety, fell 1.36 points to 10.76.
Eldorado Gold said it would suspend investment at its Greek mines and development projects, blaming regulatory hurdles for halting one of the biggest investments in Greece since it sank into a debt crisis.
On Bay Street, the Toronto Stock Exchange's S&P/TSX composite index advanced 54.98 points to 15,040.30, with most sectors climbing. Australia's S&P/ASX 200 was up almost 0.9 percent at 5,763.20 in early trading, while South Korea's Kospi inched up but was little changed at 2,359.45.
- Base metals rebound from their biggest drop in 9 months.
