Stocks rally, dollar slips on wide risk-on sentiment

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Reuters

By Herbert Lash and Amanda Cooper NEW YORK/LONDON (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 outc…

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