Stocks continue to rise, the pound climbs
London excepted, the main European stock exchanges continue their progression on Tuesday in mid-session and Wall Street seems to have gone to new records, relative relaxation of tensions related to North Korea and relief after the passage of the hurricane Irma on the United States promoting risk-taking. In Paris, the CAC 40 gained 0.71% at 5,213.41 points at 11:00 GMT. In Frankfurt, the Dax takes 0.59%. The pan-European index FTSEurofirst 300 is up 0.66%, the EuroStoxx 50 in the euro area 0.65% and the Stoxx 600 0.64%. The latter reached its highest level since the 9th of August. In London, the FTSE 100 declined 0.23%, penalized by the appreciation of the pound sterling in reaction to the higher than the expectations of inflation in the United Kingdom in August. Prior to the downturn in the London market, the MSCI World Index, which united nearly 50 developed and emerging markets, had set a new record, amplifying the movement begun the day before. New York-based index ...
