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Stocks Boosted by Rate-Hike Outlook; Dollar Slips: Markets Wrap

  • Traders weigh more moderate Fed increases after dovish minutes
  • BofA says private clients turning to bonds on recession fears
Bloomberg business news
WATCH: IMF’s first deputy managing director Gita Gopinath discusses the growth forecast for China, property risks, and how the nation’s economic slowdown will impact the rest of the world.Source: Bloomberg
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European stocks gained and the dollar fell after Federal Reserve meeting minutes showed support for more moderate interest-rate increases.

The Stoxx Europe 600 Index extended its recent rally as the real estate sector outperformed, boosted by the prospects of slower rate hikes and analyst upgrades. Dr. Martens Plc shares plunged the most on record after the bootmaker’s sales and earnings missed expectations. An index of global stocks advanced for a third day.