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Delta offers upbeat outlook on travel demand, lifting shares
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Sara Netanyahu: the ever-present wife of Israel's prime minister
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Italy can hurt rampant Spain, says coach Soncin
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Djokovic faces Sinner in Wimbledon blockbuster as Alcaraz meets Fritz
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Rebooted and 'vulnerable': Superman is back on screens
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Sri Lanka steamroll Bangladesh to win first T20
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Swiatek routs Bencic to reach first Wimbledon final
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Anisimova shocks Sabalenka to reach Wimbledon final, Swiatek in action
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Europe court says S.African Semenya's gender eligibility trial wasn't fair
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Ten rescued after deadly Huthi ship sinking off Yemen
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Scrutiny over Texas flood response mounts as death toll hits 120
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Rami Al Ali becomes first Syrian in Paris fashion programme
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London stocks hit record high on tariff optimism
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Ireland's Healy pulls off solo win at Tour de France
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French appeals court clears two over first lady gender rumours
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French appeals court court clears two over first lady gender rumours
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Barry Callebaut cuts outlook as chocolate sales volumes melt away
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The $10 mn bag: Original Birkin smashes records at Paris auction
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Anisimova stuns Sabalenka to reach Wimbledon final
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Root leads England revival after Reddy's double strike for India
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Snap, crackle and pay: Ferrero to buy WK Kellogg for $3.1 bn
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Shein faces 150-mn-euro fine in France
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Rubio says Asia might get 'better' tariffs than others
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India wicketkeeper Pant leaves field injured in third Test
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Russia says holds 'frank exchange' with US on Ukraine war
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Tendulkar says 'life has come full circle' with Lord's portrait
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Wall Street stocks stall, London hits record high
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Duplantis unfazed by late world champs in Tokyo
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Dzeko, 39, returns to Serie A with Fiorentina
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Scrutiny over Texas flood response mounts as death toll tops 120
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Iran threats in UK 'significantly increased': Intel watchdog
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Volkswagen halts electric minivan exports to the United States
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EU chief von der Leyen comfortably survives confidence vote
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India's Reddy strikes twice to rock England
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EU opens new probe into TikTok data transfer to China
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Italy probes UK online bank Revolut for 'misleading' clients
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Arsenal sign midfielder Norgaard from Brentford
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Explosions, fires rock Kyiv in deadly Russian barrage
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Fatigued Afghan taxi drivers take novel approach to AC
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Rubio meets Russia's Lavrov at ASEAN talks
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Hamas says Israeli troops sticking point in truce talks as Gaza pounded
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Europe court says S.African athlete's trial wasn't fair in gender testing case
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Ten rescued, more missing after deadly Huthi ship sinking
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EU unveils recommendations to rein in powerful AI models
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England bat against India in third Test as Bumrah returns
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Caster Semenya: A rebel with a cause
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AI-powered tour brings Anne Frank's story to life in Amsterdam
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Wave of Russian drones, missiles kills two in Kyiv
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US funding cuts could reverse decades of gains in AIDS fight: UN
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England star Henderson leaves Dutch giants Ajax
London hits record as trade deal hopes fan rally on markets
London hit a record high Thursday as equity markets were boosted by optimism governments will hammer out deals to avoid the worst of US President Donald Trump's tariffs even after he broadened his range of measures.
Negotiators from around the world have tried to reach agreements with Washington since Trump in April unveiled his "Liberation Day" tariff bombshell, with a July 9 deadline recently pushed back to August 1.
Letters have been sent in recent days to more than 20 trading partners -- including Japan and South Korea -- setting out new tolls, with some higher and some lower than the initial levels.
Trump also said this week he would put a 50 percent tariff on copper imports, while considering a 200 percent charge for pharmaceuticals.
However, analysts said the threats are largely being seen as negotiating tools, and investors have increasingly taken them in their stride, with the S&P 500 and Nasdaq hitting all-time highs in New York.
David Chao, global market strategist for Asia Pacific at Invesco, painted a positive picture even in light of the threatened levies.
"Should the US ultimately impose higher tariffs on Asian countries, the region appears better positioned to withstand the resulting headwinds," he wrote.
"A softer dollar should give Asian central banks greater flexibility to ease policy to support their domestic economies without heightened concerns over currency depreciation."
London jumped one percent to a record high at the open, with Frankfurt and Paris also advancing.
In Asia, Hong Kong, Shanghai, Sydney, Singapore, Seoul, Taipei and Jakarta all rose, though Tokyo edged down with Manila, Bangkok and Wellington.
The rallies followed a healthy lead from Wall Street, where the Nasdaq hit another peak thanks to a surge in Nvidia that pushed the firm to a $4 trillion valuation at one point.
The upbeat mood helped push bitcoin above $112,000 for the first time.
There was also little reaction to news that Trump had hit Brazil with a 50 percent tariff as he blasted the trial of the country's ex-president Jair Bolsonaro.
In a letter addressed to Brazilian President Luiz Inacio Lula da Silva, he called the treatment of his right-wing ally an "international disgrace". Bolsonaro is on trial over accusations he plotted a coup after his 2022 election loss to Lula.
Lula said he will impose reciprocal levies on the United States.
Brazil had not been among those threatened with these higher duties previously, with the United States running a goods trade surplus instead with the South American giant.
Traders were given few guides on the Federal Reserve's interest rate plans after minutes from its June policy meeting showed officials divided on the best way forward.
Boss Jerome Powell's patient approach to lowering borrowing costs has drawn the ire of Trump, who on Wednesday said on social media that they were "AT LEAST 3 Points too high".
While the board sees the president's tariffs as inflationary, the minutes said there remained "considerable uncertainty" on the timing, size and duration of the effects.
Companies might choose not to raise consumer prices until they depleted their product stockpiles, for example, but supply chain disruptions caused by the levies could trigger larger price hikes.
"While a few participants noted that tariffs would lead to a one-time increase in prices and would not affect longer-term inflation expectations, most participants noted the risk that tariffs could have more persistent effects on inflation," the report said.
- Key figures at around 0810 GMT -
Tokyo - Nikkei 225: DOWN 0.4 percent at 39,646.36 (close)
Hong Kong - Hang Seng Index: UP 0.6 percent at 24,028.37 (close)
Shanghai - Composite: UP 0.5 percent at 3,509.68 (close)
London - FTSE 100: UP 1.0 percent at 8,952.92
Euro/dollar: UP at $1.1733 from $1.1719 on Wednesday
Pound/dollar: UP at $1.3610 from $1.3590
Dollar/yen: UP at 146.32 yen from 146.30 yen
Euro/pound: DOWN at 86.18 pence from 86.21 pence
West Texas Intermediate: FLAT at $68.39 per barrel
Brent North Sea Crude: UP 0.1 percent at $70.26 per barrel
New York - Dow: UP 0.5 percent at 44,458.30 (close)
J.Marty--VB