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Global Markets: 'Gradual and patient' Fed sends stocks to new highs, dollar dips

Reuters  |  LONDON 

By Jemima KellyLONDON (Reuters) - Global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, with bets on a gradual U.S. Federal Reserve rate hike path and hopes for a strong earnings season boosting risk appetite. Wall Street was set for a broadly flat open, with shares in JP Morgan and Wells Fargo dipping in pre-market trade after the U.S. banks released mixed earnings reports, offsetting some of the central bank-fuelled optimism. After a scare at the end of last month, when stock markets skidded on the view that ...

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First Published: Fri, July 14 2017. 18:05 IST