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European stocks advance; Dollar declines

European stocks advanced on Tuesday as earnings season continued, helping buoy investor sentiment against a backdrop of trade angst and geopolitical noise. The dollar slipped against major peers and Treasuries were steady.

Miners were among the big gainers in the Stoxx Europe 600 Index as commodities climbed. Futures on the Dow, S&P and Nasdaq all pointed to a higher open.

Chinese stocks led a broad rally in Asia, with the Shanghai Composite Index posting its biggest gain in two years on hopes for more policy support for investment. The greenback headed for the largest drop in a week while the British pound trimmed some of its recent losses.

Turkey’s lira advanced after sinking to a record low as heightened concern over a diplomatic spat with the U.S. overshadowed the central bank’s attempt to support the currency.

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