- Pakistan 122-1 at lunch in first England Test
- Kazakhs approve plan for first nuclear power plant
- World marks anniversary of Oct. 7 attack on Israel
- 'Second family': tennis stars hunt winning formula with new coaches
- Philippines, South Korea agree to deepen maritime cooperation
- Mexico mayor murdered days after taking office
- Sardinia's sheep farmers battle bluetongue as climate warms
- Japan govt admits doctoring 'untidy' cabinet photo
- Israel marks first anniversary of Hamas's October 7 attack
- Darvish tames Ohtani as Padres thrash Dodgers
- Asian markets track Wall St rally on jobs data
- Family affair as LeBron, Bronny James make Lakers bow
- Cancer, cardiovascular drugs tipped for Nobel as prize week opens
- As Great Salt Lake dries, Utah Republicans pardon Trump climate skepticism
- Amazon activist warns of 'critical situation' ahead of UN forum
- Mourners pay tribute to latest victims of deadly Channel crossing
- Phillies win thriller to level Mets series
- Yu bags first PGA Tour win with playoff win
- PSG held by Nice to leave Monaco clear at top of Ligue 1
- Lewandowski treble for leaders Barca as Atletico held
- Fresh Israeli strikes hit south Beirut
- Sucic stunner earns Real Sociedad draw against Atletico
- PSG draw with Nice, fail to reclaim top spot in Ligue 1
- Gudmundsson downs AC Milan after De Gea's penalty heroics for Fiorentina
- 'Yes' vote prevails in Kazakhstan nuclear plant vote: TV
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- 'Nothing gets in way of team,' says Celtics' MVP hopeful Tatum
- 'We will win!': Mozambique's ruling party confident at final vote rally
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Florida braces for Milton, FEMA head slams 'dangerous' Helene misinformation
- Postecoglou slams 'unacceptable' Spurs after 'terrible' loss at Brighton
- Marmoush double denies Bayern outright Bundesliga top spot
- Rallies worldwide call for Gaza, Lebanon ceasefire
- New 'Joker' film, a dark musical, tops N.America box office
- Man Utd stalemate keeps Ten Hag in danger, Spurs rocked by Brighton
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Vikings hold off Jets in London to stay unbeaten
- Ahead of attack anniversary, Netanyahu says: 'We will win'
- West Indies cruise to T20 World Cup win over Scotland
- Man Utd fire another blank in Aston Villa stalemate
- Lewandowski treble powers Liga leaders Barca to Alaves victory
- Russian activist killed on front line in Ukraine
- Openda strike briefly sends Leipzig top of Bundesliga
- Goal-shy Man Utd have to 'step up', says Ten Hag
- India bowl out Bangladesh for 127 in T20 opener
- Madueke rescues Chelsea in draw with 10-man Forest
- Beckett's belief rewarded as Bluestocking storms to Arc glory
- Trump on the stump, Harris hits airwaves in razor-edge US election
- Flash flooding kills three in northern Thailand
European, US stocks rise on hopes for Ukraine peace talks
European and US stocks rallied while oil prices retreated on Tuesday as apparent progress in peace talks between Moscow and Kyiv fueled hopes of an end to the Ukraine conflict.
Both sides of the war pointed to headway in the negotiations held in Turkey, with Ukrainian President Volodymyr Zelensky alluding to "positive" signals, while adding that Kyiv would not "decrease our defense efforts."
Russia said it would scale down fighting around two Ukrainian cities following the talks, and raised the possibility of a meeting between the countries' presidents.
"It is the first time in this conflict where we have seen any indications for any form of easing of military action from the Russian side," SEB analyst Bjarne Schieldrop told AFP.
"Until this point the Russian stand has been very firm of its goals," Schieldrop said.
But US officials reacted cautiously to the developments, with President Joe Biden telling reporters the West wanted to see if Russia will "follow through" on a promise to deescalate hostilities around Kyiv and another city in Ukraine.
Still, the headlines on Ukraine were "a good catalyst to push things higher," said Tom Cahill of Ventura Wealth Management.
Both Paris and Frankfurt climbed about three percent, while the euro also forged higher.
Wall Street stocks also progressed, with the S&P 500 winning 1.2 percent.
Oil prices continued their retreat, although crude finished well above session lows after the US oil futures benchmark had slid below $100 a barrel.
Asian stock markets had earlier mostly rallied even before the statements from Istanbul.
However, Shanghai bucked the trend, with stocks falling a day after China's biggest city and financial hub of 25 million people was placed back in lockdown due to Covid-19.
And the yen firmed versus the dollar, after tumbling the previous day to a 2015 low on loose Japanese monetary policy.
An announcement that the Bank of Japan would buy 10-year government bonds had reinforced the divergence between the BoJ and Fed as US officials battle to rein in inflation.
- Key figures around 2050 GMT -
West Texas Intermediate: DOWN 1.6 percent at $104.24 per barrel
Brent North Sea crude: DOWN 2.0 percent at $110.23 per barrel
New York - DOW: UP 1.0 percent at 35,294.19 (close)
New York - S&P 500: UP 1.2 percent at 4,631.60 (close)
New York - Nasdaq: UP 1.8 percent at 14,619.64 (close)
London - FTSE 100: UP 0.9 percent at 7,537.25 (close)
Frankfurt - DAX: UP 2.8 percent at 14,820.33 (close)
Paris - CAC 40: UP 3.1 percent at 6,792.16 (close)
EURO STOXX 50: UP 3.0 percent at 4,002.18 (close)
Tokyo - Nikkei 225: UP 1.1 percent at 28,252.42 (close)
Hong Kong - Hang Seng Index: UP 1.1 percent at 21,927.63 (close)
Shanghai - Composite: DOWN 0.3 percent at 3,203.94 (close)
Euro/dollar: UP at $1.1090 from $1.0985 late Monday
Pound/dollar: UP at $1.3094 from $1.3088
Euro/pound: UP at 84.66 pence from 83.93 pence
Dollar/yen: DOWN at 122.77 yen from 123.86 yen
X.Brito--PC