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GLOBAL MARKETS-Investors lean toward risk, US rates seen low

Wed Nov 4, 2009 11:52pm IST
 
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* MSCI world equity index up 1.6 percent

* U.S. data upholds economic recovery scenario

* Fed seen keeping low interest rate policy

* Gold hits record high; dollar under pressure

(Recasts with U.S. markets, updates indexes)

By Al Yoon

NEW YORK, Nov 4 (Reuters) - World stocks rose on Wednesday after upbeat European and U.S. economic reports, while the U.S. dollar slipped amid expectations the Federal Reserve will reaffirm its commitment to ultra-low interest rates.

Gold hit a record high, adding to momentum sparked by the International Monetary Fund's sale of bullion to India on Tuesday.

U.S. stock indexes jumped after a employee services company reported U.S. firms fired workers in October at the slowest pace in more than a year, raising chances job growth could reappear in early 2010. Click on [ID:nN04545735].  Continued...

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