ECM: Europe, Asia shares rally, dollar dips on US rate outlook
LONDON: European shares paused on Monday after their strong start to the fourth quarter while the dollar dipped towards three-week lows, with investors unconvinced the US Federal Reserve would raise interest rates this year.
China was again in focus as mainland shares jumped over 3 per cent to seven-week highs and the yuan currency hit its strongest level since its surprise devaluation in August.