The latest news and events driving markets around the world, supplied by Marketwatch and Reuters.
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By Carla Mozee and Victor Reklaitis, MarketWatch. Jimmy Choo rallies on Kors deal. U.K. blue-chip stocks closed firmly higher Tuesday, as gains for miners and oil companies helped the market's benchmark chip away at a sharp loss logged in the previous session.
New chips from Advanced Micro Devices (AMD.NaE) are selling. Now it simply has to sell a whole lot more of them. The chip maker's second-quarter results Tuesday were a good step in that direction.
Asian stock markets were mostly stronger in early trading Tuesday, with Australia leading the way higher after badly lagging regional peers a day earlier. Helping sentiment has been stabilization for now in the U.S. dollar. Its recent weakness had been pressuring down stocks in Australia and Japan in particular.
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