NZ dollar falls as greenback recovers with weakening Irma

Asian stock indices mixed

Dollar, shares up in Asia on relief at North Korea inaction

Gold prices fell on Monday from the previous session's 13-month high as relief that North Korea did not conduct a missile test over the weekend helped to lift global stocks, the US dollar and bond yields.

This vote has had minimal effect on sterling moves today and on the whole price action has been subdued with cable trading 0.17% lower to 1.3171, in part also due to a lack of significant data releases.

At 9:37 a.m. ET (1337 GMT), the Dow Jones Industrial Average.DJI was up 172.84 points, or 0.79 percent, at 21,970.63 and the S&P 500.SPX was up 17.64 points, or 0.72 percent, at 2,479.07. Rising tensions between the USA and North Korea have weighed on stocks in recent weeks and raised the prices of gold and bonds.

Florida insurers gained more.

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The FTSE 350 non-life insurance index jumped 2.1 percent, leaving it on track for its biggest one-day gain since April, with shares in Lancashire Holdings, Beazley, Esure and Hiscox all rising between 2.9 percent to 10.3 percent.

The biggest risers on the FTSE 100 were Provident Financial up 30p to 825p, EasyJet up 39p to 1,195p, Carnival up 145p to 5,180p, and International Consolidated Airlines Group up 14p at 607.5p. XL Group advanced $1.95, or 5.1 percent, to $40.56 and Travelers gained $3.64, or 3 percent, to $123.41. It dropped to a 2 1/2-year low of 91.0110 at one point Friday.

North Korea marked the 69th anniversary of its founding on Saturday without resorting to any further missile or nuclear tests, fuelling some unwinding of safe-haven bets such as gold and government debt and pushing shares higher. Gold prices and U.S. 10-year real yields have historically held tight inverse relationships, much stronger than the inverse relationship between the USA dollar and gold.

In the mining space, BHP Billiton and Rio Tinto are losing more than 2 percent each, while Fortescue Metals is declining nearly 3 percent as base metal prices tumbled.

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The most severe United Nations sanctions so far against North Korea, imposed just weeks ago, introduced a complete ban on coal and iron exports, blocked worldwide sales of North Korean lead ore and seafood and imposed travel bans and asset freezes on individuals and companies. Apple (AAPL.O) rose almost 2 percent a day ahead of the launch of the new iPhone, providing the biggest boost to the Nasdaq and S&P. On the Nasdaq, 2,062 issues rose and 790 fell.

CURRENCIES: The dollar rose to 109.84 yen from 107.79 yen late Friday.

Brent crude prices fell around 0.5% to 53.47 USA dollars per barrel amid fears that Hurricane Irma would curb demand for oil in Florida, which is one of the largest consumers of oil in the United States. The euro dipped to $1.2016 from $1.2038.

The previous week saw a sell-off in risk assets sparked by Kim Jong-Un s nuclear test, in turn benefiting haven assets such as the yen and gold, which retreated Monday alongside a pick-up for the dollar.

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