European stocks rebounded today on news that Beijing and Washington will hold trade talks, while the Turkish lira rose after Qatar offered to invest $15 billion in Turkey.
Asian indices fell Wednesday on concerns over Turkey's crisis, but losses were capped by hopes of an end to the tit-for-tat trade war between China and the United States.
Frankfurt, London and Paris shares bounced higher, having shed more than 1.5 percent the previous day on Turkey fears and Chinese growth concerns.
"Investor risk sentiment has received a boost on two fronts," noted OANDA analyst Dean Popplewell.
"Reports that China has accepted a US invitation to trade talks in late August and news that Qatar has pledged to invest $15 billion in Turkey are helping market risk sentiment and pressuring the dollar."
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