Global shares steadied on Monday and the dollar hit a two-month high against a basket of currencies as markets counted down to a likely cut in US interest rates this week, with much riding on whether the Federal Reserve signals more cuts will follow.

Shares steady as Fed comes into focus; dollar at two-month high

Global stocks rose on Friday as investors firmed up bets on a US interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar.

Fed rate cut bets lift stocks, dollar steadies

The pan-European STOXX 600 index fell more than 1 percent to a six-month low

Stocks tumble as N.Korea tensions escalate; euro tops $1.20

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Shares steady as Fed comes into focus; dollar at two-month high

Fed rate cut bets lift stocks, dollar steadies

Stocks tumble as N.Korea tensions escalate; euro tops $1.20