[Reuters] – Stocks in Europe gained and Wall Street rose for a third day as the dollar steadied after a third week of declines that took it to its lowest against other major currencies since October. On Friday, the European Central Bank’s chief economist, Peter Praet, indicated the ECB could further loosen monetary policy. A rising dollar in 2015 weighed on the global economy while its recent decline has helped push up oil prices and put an end to market concerns over a soaring dollar and weak oil prices, said David Kelly, chief market strategist at JPMorgan Asset Management in New York.
The post GLOBAL MARKETS-Shares on best run in two years as dollar steadies appeared first on NASDAQ.