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GLOBAL MARKETS-Stocks rally, dollar slips on wide risk-on sentiment

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Eyes turn to outcome of U.S. mid-term elections

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Fed policy outlook keeps rates high, dollar weak

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Beijing seen easing some COVID-19 restrictions

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Oil retreats with commodities on China outlook

By Herbert Lash and Amanda Cooper

NEW YORK/LONDON, Nov 7 (Reuters) – Equity markets rose and the dollar slid on Monday as investors embraced hopes the U.S. economy is slowing enough to allow the Federal Reserve to ease the pace of its interest rate hikes and the idea that China may ease COVID restrictions.

Markets looked past data showing Chinese exports and imports unexpectedly contracted in October as China grapples with COVID-19 curbs and indications a report on the U.S. consumer price index on Thursday will show inflation remains high.

U.S. stocks indexes edged higher as investors weighed the outcome of Tuesday’s mid-term elections. Voting will determine whether the Republicans are strong enough to take over Congress and underlines the…

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