GLOBAL MARKETS-Stocks rise as US-China phone call boosts optimism


Europe's broad FTSEurofirst 300 index fell 0.32% to 1,434.94, while MSCI's all-country world index rose 0.34% to close at 579.20 - less than 2 points from an all-time peak for the global benchmark reached in February. Wall Street was mixed. The Dow Jones Industrial Average fell 0.21%, the S&P 500 gained 0.36% and the Nasdaq Composite added 0.76%. The S&P 500 and the Nasdaq also logged closing highs on Monday. (File pic: Wall Street NYSE's iconic fearless girl. - Reuters)

NEW YORK: The euro rose on better-than-expected German business morale data on Tuesday while global equity markets gained, with the S&P 500 and Nasdaq setting new closing highs, after a phone call cooled a recent flare-up in U.S.-China trade tensions.

Gold prices fell as the call, the first formal dialogue between top U.S. and Chinese trade officials since early May, bolstered risk sentiment and offset support for bullion from a weaker dollar.

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