New York — A gauge of global equity markets rose on Monday on hopes the US-China trade dispute would cool at talks this week, while Turkey’s lira fell anew after cuts to the country’s credit ratings and shots were fired outside the US embassy in Ankara. Wall Street was mixed but broad-based gains in Europe and Asia lifted the MSCI’s all-country world index, which tracks shares in 47 countries. The gauge has recouped last week’s losses sparked by the lira’s plunge, but not the losses of the prior week when the Turkish currency began its fall. Mid-level US and Chinese officials are expected to meet later this week in Washington to discuss their trade dispute. But it is unclear whether the talks will have any effect on the implementation of US tariffs and retaliation by China. "Traders are cautiously optimistic, but just because the meeting has been lined up doesn’t mean anything will come of it," CMC Markets chief markets analyst David Madden said. "Some traders view the [recent] weak...
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