Dow, S&P 500, Nasdaq edge up to new record peaks

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The CAC 40 Index - over 10%. Gold futures for December delivery fell $13.70, or 1%, to $1,311.50 a troy ounce on the Comex division of the New York Mercantile Exchange.

The Dow Jones Industrial Average rose 51.47 points, or 0.23 per cent, to 22,319.81.

Seven of the 11 major S&P sectors were higher, led by a 2.14 percent gain in the telecom services sector. China's Shanghai Composite Index dipped by 0.2%, while Hong Kong's Hang Seng Index fell by 0.4%. -North Korea tensions, fleeing safe-haven gold in search of riskier assets such as equities in the wake of U.S secretary of state Rex Tillerson's comments that USA seeks a "peaceful solution" and wants to "bring North Korea to the table for constructive, productive dialogue".

Investors are also watching U.S. President Donald Trump's speech at the United Nations General Assembly where he is expected to urge U.N. member states to increase pressure on North Korea to give up its nuclear weapon ambitions.

The Fed, which starts its two-day meeting on Tuesday, is expected to announce the start of a program to taper its multi-trillion-dollar bond holdings built up during the financial crisis.

The central bank is also expected to announce plans to begin unwinding its $4.2-trillion portfolio of Treasuries and mortgage-backed securities, almost a decade after the global financial crisis. Recent trading has had a pronounced upward bias, though uncertainty pertaining to North Korea has been a headwind.

While the Fed is widely expected to leave interest rates unchanged, traders will be looking for clues about the outlook for monetary policy.

Nonetheless, inflation continues to stay well below the European Central Bank's target of "below, but close to 2 percent". Advanced Micro Devices rose more than 5%.

On Friday, the benchmark S&P 500 index closed at a record high, hitting the 2,500 level for the first time, largely helped by a rebound in technology stocks.

The S&P's record came less than four months after it closed above 2,400 and brought 2017's gain to almost 12 per cent. Among the day's biggest movers, Orbital ATK Inc. gained 20% after Northrop Grumman Corp. agreed to buy it for $7.8 billion in cash. Northrop's shares rose 2%.

Shares of Nabriva Therapeutics soared 90 percent after the company said its drug to treat community-acquired bacterial pneumonia met the main goal of a late-stage study.

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