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“The trade talks and the back and forth on Turkey is really going to be the stuff everybody’s watching,” said Blake Gwynn, an interest rate strategist at NatWest Markets in Stamford, Connecticut. Metals prices climbed as well, though MSCI’s index of emerging market stocks dipped after having edged up into positive territory earlier in the day. MSCI’s index of world stocks .MIWD00000PUS rose 0.6 percent. Emerging market stocks .MSCIEF dipped 0.2 percent a day after falling more than 20 percent from their January intraday high.

In U.S, stainless steel black pave crystal mickey mouse cufflinks markets, the Dow Jones Industrial Average .DJI rose 396.32 points, or 1.58 percent, to 25,558.73, the S&P 500 .SPX gained 22.32 points, or 0.79 percent, to 2,840.69 and the Nasdaq Composite .IXIC added 32.41 points, or 0.42 percent, to 7,806.52, The pan-European FTSEurofirst 300 index .FTEU3 rose 0.44 percent, The Shanghai Composite Index .SSEC closed down 0.6 percent, while Hong Kong's Hang Seng index .HSI ended 0.8 percent lower, Hopes that China and the United States could ease trade tensions helped Chinese stocks pare losses, [.SS]..

In currency markets, the dollar index .DXY fell 0.1 percent, while the euro EUR= was up 0.27 percent to $1.1374 after closing Wednesday at its lowest point since July 2017. The Chinese yuan CNH=EBS gained 1.2 percent to 6.862 per dollar. Copper CMCU3 rose 1.54 percent to $5,890.50 a tonne, after having confirmed a bear market on Wednesday when it closed 20.9 percent below its recent high reached on June 7. (For a graphic on 'Emerging market shares savaged by bears' click reut.rs/2KPYGv7). Oil also recovered somewhat after Wednesday’s slide, though a weakening outlook for crude demand kept prices in check. U.S. crude CLc1 rose 0.72 percent to $65.48 per barrel and Brent LCOc1 was last at $71.33, up 0.81 percent on the day.

PARIS (Reuters) - Air France-KLM (AIR.PA) named Air Canada (AC.TO) executive Benjamin Smith as stainless steel black pave crystal mickey mouse cufflinks its new boss on Thursday, opting for an outsider to steer the airline group through a fraught stand-off with unions at its French carrier, Smith, until now the Canadian airline’s chief operating officer, will begin work as Air France-KLM chief executive by the end of September, the company said in a statement, His appointment, backed by the French government over union objections, fills a management void left by Jean-Marc Janaillac, who stepped down as chairman and CEO in May in the wake of protracted strikes and a staff vote against his final pay offer..

But the 46-year-old aviation and travel industry veteran will have his work cut out to raise productivity at Air France and narrow the gap with leaner European rivals such as British Airways (ICAG.L) and Lufthansa (LHAG.DE). “I am well aware of the competitive challenges the Air France-KLM Group is currently facing, and I am convinced that the airlines’ teams have all the strengths to succeed in the global airline market,” Smith said in the statement. He becomes the first foreign boss in Air France’s 85-year history, just as it faces a resumption of industrial action that has already wiped 335 million euros ($381 million) off first-half earnings.

The French government, which commands a 14.3 percent stake in the airline and a larger share of voting rights, had indicated earlier on Thursday that it supported his hiring, Workers’ representatives had roundly criticized stainless steel black pave crystal mickey mouse cufflinks the appointment of a non-French CEO, first reported in the domestic press, in a statement issued by nine major unions representing pilots, cabin crew and ground staff, “The choice of candidate should further the defense of our national airline’s interests,” the unions said before the board decision - also invoking a U.S.-led surge in protectionism among reasons why a foreign CEO appointment should be “inconceivable”..

Unions are to discuss another round of strike action on Aug. 27, when Smith’s reported pay package of up to 3.3 million euros - if confirmed - could further fan the flames. But alliance partners Delta Air Lines (DAL.N) and China Eastern (600115.SS), which each hold 8.8 percent of Air France-KLM, argued for a seasoned international aviation executive, people involved in the process have said, rather than another French former civil servant in the mould of Janaillac or his predecessors. In a departure from precedent, President Emmanuel Macron’s government backed that stance at the end of an often acrimonious succession process that saw the public withdrawal of French candidate Philippe Capron, the finance chief of utility Veolia Environnement (VIE.PA).

“We’ve always said we wanted a leader for Air France with a deep knowledge of aviation,” Le Maire said during a Thursday visit to southwest France, The Air Canada veteran “meets all the conditions set by the state as shareholder”, the minister added, In another break with the past, the Air stainless steel black pave crystal mickey mouse cufflinks France-KLM and Air France boards will be led by a non-executive chairman rather than the chief executive, the group said, under a governance structure to be announced separately, Interim chairman Anne-Marie Couderc will stay on until Smith’s arrival..

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