London stocks closed 0.6 percent higher, boosted by strong second-quarter BP results. REUTERS/Toby Melville/File Photo
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Stocks rose Tuesday as investors welcomed apparent moves by the United States and China to restart trade talks while oil prices slid following an offer by U.S. President Donald Trump to meet with his Iranian counterpart.U.S. tariffs on another $16 billion of Chinese imports are set to take effect Wednesday, following levies on $34 billion that took effect earlier last month against which China responded with tit-for-tat charges on U.S. agricultural goods.In Europe, London stocks closed 0.6 percent higher, boosted by strong second-quarter BP results.Shares in Apple were 0.1 percent higher in late morning trading as analysts waited for the tech giant to release its quarterly earnings figures after the market close.
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