GLOBAL MARKETS-Dollar at 5-mo low on recovery hopes, stocks up
* Global stocks rise to hit fresh six-month high
* Oil pushes above $62 a barrel on U.S. inventory data
* U.S. government debt little changed ahead of Fed minutes
* Dollar slumps to five-month low on view recovery near (Updates with U.S. markets activity; changes dateline, previous LONDON)
By Herbert Lash
NEW YORK, May 20 (Reuters) - Global stocks jumped to a fresh six-month high while the dollar slumped to a five-month low on Wednesday as investors stuck to a growing view that the worst of the global financial crisis had passed.
U.S. Treasury debt prices were near steady as the latest round of Federal Reserve buying disappointed traders, who awaited the release scheduled for 2 p.m. EDT (1800 GMT) of minutes from the U.S. central bank's last meeting.
Euro zone government bond prices fell in thin trade, pushed down by buoyant equity markets and a deluge of debt supply in conventional bonds from Germany and France.
Oil prices briefly pushed above $62 a barrel to touch fresh six-month highs on bullish inventory data and a spate of U.S. refinery accidents, in spite of weak market fundamentals. Continued...
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