Global Stocks Extend Rally on Hopes of Earlier Rate Cuts
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World shares headed for sixth straight session of gains, helped by bond rally and hopes of earlier rate cuts.
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U.S. payrolls report and productivity numbers suggested labor market cooling, reducing need for more Fed hikes.
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Futures imply over 80% chance of ECB rate cut by April and Fed easing as soon as June.
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Central bankers have chance to weigh in on dovish outlook, with at least 9 Fed members speaking this week.
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Hopes for lower borrowing costs continue to help shares, particularly in Asia which missed Friday's jobs-inspired rally.