Global Investors Cheered by U.N. Security Council Agreement
European stocks are expected to extend gains Tuesday amid a renewed equity market rally that has taken shares in Asia to their highest levels in a decade and boosted global stocks to a new all-time high.
A combination of cooling tensions between North Korea and its regional neighbours and overall investor relief that the human and economic damage from Hurricane Irma looks to be significantly smaller than anticipated added to market optimism on Wall Street Monday and extended through the Asia session.
Regional allies and global investors were also cheered by a U.N. Security Council agreement to step-up the level of sanctions on Pyongyang following a series of provocative missile and weapons tests. The sanctions include a limit on incoming fuel supplies and a ban on the country's textile exports.
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