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Global Stocks Rebound As Fed Fears Ease, Dollar Falls From 7 Month High

If yesterday's session was dominated by concerns about Fed tightening and rising long-end rates, today fears about a hawkish Fed have subsided, and as a result European, Asian stocks and S&P futures all rose amid speculation Federal Reserve policy will remain accommodative after yesterday's dovish comments by Fed vice-Chair Stan Fischer who offet Friday's hawkishness by Rosengren and Yellen.
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