Tuesday 12, September 2017 by William Mullally

Markets in a risk-on mood

Mihir Kapadia

Markets are in a risk-on mood as the much feared North Korean Missile test did not occur over the weekend, while reports have indicated weakening in the strength of Hurricane Irma. Risk appetite is higher this morning, pushing markets across the globe forward and away from safe haven assets. With rather subdued celebrations for the Day of the Foundation of the Republic anniversary in North Korea, and no missile test, the investor relief is reflected in stock indices, with Britain’s FTSE 100 popping back over the 7,400 mark for the first time in a week. Other European equity indices are also rising, following solid session of gains in Asia. Japan’s Nikkei jumped by almost 1.5 per cent, with Hong Kong and South Korea close behind.

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