World stocks hit a fresh 28-month high on Tuesday, while the euro climbed on hopes for an easing of the euro zone debt crisis.
Euro zone leaders were attempting to thrash out an agreement on beefing up a rescue plan for indebted countries although no sign of agreement at Monday's meeting. Russia said it may be interested in buying bonds from the rescue fund, the European Financial Stability Facility (EFSF).
The euro rose more than half a percent to $1.3376.
Investors are keen to see euro zone countries provide more money for the EFSF to ensure that there is enough to cover any contagion into large economies such as Spain.
