Stocks climb, dollar dips as traders price accommodative Fed

Global stocks rose to their highest in five months and the dollar dipped on Monday as traders began to price in an accommodative stance from the U.S. Federal Reserve at its policy meeting this week. European markets extended a run of gains, helped by a jump in shares in German lenders Deutsche Bank and Commerzbank after they confirmed over the weekend they were in talks to merge. Britain's FTSE 100 outperformed its European peers with a 0.3 percent gain at the start of a week that could see parliament voting for a third time on Prime Minister Theresa May's Brexit plan after ruling out a near-term no-deal exit.

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