Risk rally stalls as bullish investors take breather

Global stocks fell and the dollar slightly rose as markets assessed the possibility of falling interest rates. The STOXX 600 index dipped, while Taiwan's dollar rose after military communications were reinstated between China and the US. The rally in global markets this week due to positive inflation data has been dampened by weak Chinese property sector data and slowing economic growth in China and Japan. Money market traders have fully priced in the Federal Reserve keeping US interest rates steady in December.

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