US stock market closes in on record high

Stocks rose on Tuesday. The STOXX Europe 600 rose 0.6 percent while the S&P 500 jumped 1.1 percent to come within 1.1 percent of a new record.

Optimism that Greece will reach agreement on a new debt deal with its creditors helped boost markets on Tuesday. Three-year Greek bond yields sank 163 basis points to 19.46 percent while its ten-year yields dropped 50 basis points to 10.24 percent.

Meanwhile, yields on 10-year US Treasury notes rose two basis points to 2 percent, an almost four-week high.

However, commodities fell on Tuesday. West Texas Intermediate crude oil fell 5.4 percent while copper fell 1.1 percent.