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NEW YORK: A gauge of world stocks advanced on Tuesday after scoring its longest monthly winning streak in over a decade on signs of an improving global economy and solid corporate earnings, while the U.S. dollar bounced after touching 15-month lows.
STOCKHOLM: Hennes & Mauritz, the world's No. 2 clothes retailer, posted a 30% drop in first-quarter pre-tax profit on Wednesday due to markdowns and a stronger US dollar, although the results were slightly better than expected.
Gold pushed above the US$1,000 mark Tuesday for the first time since February as hopes for an improving economy fed a broader rally in commodities. It had risen as high as $1,009.70, the first time it topped $1,000 since early this year and the highest level since mid-March last year.