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European stocks close higher

London - European stock markets closed higher on Tuesday, with London's FTSE 100 index of leading shares adding 0.98% to end at 6 513.08 points.

Frankfurt's DAX 30 gained 1.12% 8 057.75 points and in Paris the CAC 40 increased 0.52% in value to 3 843.56 points.

And from New York comes the news that US stocks rose on Tuesday, putting the S&P 500 on track for a fourth straight advance after Alcoa's earnings sparked moderate optimism at the start of the earnings season.

Alcoa Inc, the first Dow component to release results for the second quarter, reported adjusted profit and revenue above Wall Street's forecasts after the market's close on Monday.

Alcoa also said it sees solid growth in global demand for its products this year.

The S&P 500 advanced broadly, with nine of the 10 industry sector indexes higher and industrial shares recording the biggest gains.

The benchmark index has gained more than 2% over the past four sessions. The S&P 500 is 1.1% below its all-time closing high of 1 669.16 reached on 21 May.
 
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