US markets surged as the damage wrought by Hurricane Irma (while devastating) is seemingly not as bad as feared, while North Korean tensions eased for now after the rogue state did not mark its founding day last Saturday (9 September) with another missile launch - Dow soared +260-points or +1.19%, moving back above >22,000 for the first time since 16 August and posting its best single-session gain since March 1. The broader S&P500 rose +1.08% to a fresh record closing high after notching its biggest one-day gain since April 24. The technology-centric NASDAQ jumped +1.13%, with Apple (up +1.81%) snapping a four session losing streak ahead of a series of new product announcements slated for Tuesday in the US including the the new high-end iPhone X. The small capitalisation Russell 2000 Index rose +1.10%. The rally on US markets was broad, with the ratio of S&P500 stocks that rose versus those that fell the highest in 3-months.
