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Stocks on Firm Ground as Markets Brace for Central Bank Loaded Week

LONDON—World stocks, oil prices, and the dollar firmed on Monday as a generally upbeat mood took hold of world markets ahead of a host of central bank meetings this week that includes the U.S. Federal Reserve. Equity markets across Europe opened higher, with the pan-region STOXX 600 index last up 0.35 percent, while U.S. equity futures were around 0.25 percent firmer. China’s blue-chip CSI300 index closed up 0.6 percent. Omicron remained a concern with British Prime Minster Boris Johnson warning of a “tidal wave” of new cases of the coronavirus variant. Oil prices rose around 1 percent, while the dollar was broadly firm ahead of Tuesday’s two-day Federal Reserve meeting. The U.S. central bank is widely expected to signal a faster tapering of asset buying, and thus an earlier start to rate hikes. It will also update the dot plots for rates over the next couple of years. The market …

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