World stocks rose, gold hit another record high and the dollar fell to its weakest in a year against a currency basket on Wednesday after the Federal Reserve expressed confidence in the durability of the U.S. recovery. Federal Reserve officials raised their 2010 growth estimate in the minutes to their November meeting, but they did not see employment picking up soon. The report did not change the market's view that U.S. rates will stay low for some time. MSCI's all-country world equities index was up 0.7 percent, while European shares rose 0.4 percent, with commodity stocks among the main gainers, buoyed by gains in gold, other metals such as copper and crude oil prices. Gold prices struck a record high for a second time this week, rising as high as $1,182.10 an ounce, lifted by a newspaper report that India was "open to buying" more gold from the International Monetary Fund and by broad dollar weakness. To read more, double-click on the square brackets below: ---------------------------------------------------------------- MARKET REPORTS: > GLOBAL MARKETS-US dollar slumps, gold at record, stocks up > MONEY MARKETS-Interbank 3-month dollar rates at record low > EMERGING MARKETS-Assets rise after Fed report, rouble eases ECONOMIC AND FINANCIAL NEWS MOVING GLOBAL MARKETS > US Oct consumer spending rises, jobless claims fall > UK Q3 GDP contraction less than first estimated > Trichet says deflation avoided but system needs fixing > Ukraine seeks to calm fears of sovereign default > Russia says lows rates to become key stimulus > China says new rules aim to curb irregular forex flows > China may use required reserves as main 2010 tool > Japan export rebound eases fear of new recession > IMF to expand crisis lending up to $600 bln > US Q3 economic growth revised down, house prices up > Fed confident of US economic growth despite unemployment ANALYSES ON GLOBAL ECONOMIC AND MARKETS > Liquidity to keep market interest rates low after year end > German stimulus efforts leave rocks on road to recovery > China bank's rush for billions could trip markets > A glimpse into the mind of the Fed > US dollar no longer one-way bet > US yield curve signals nagging anxiety about Fed > Recession show shortcomings in US economic data > Russian rouble rally may be heading for finishing line > Debt restructurings spark credit default swap confusion FACTBOXES > Federal Reserve staff forecasts from FOMC minutes > TEXT-Fed's Beranke's speech to Economic Club of New York > Stances of Federal Reserve policy makers this year > BOE statement on quarterly inflation report > TEXT-G20 appendix on framework for sustainable growth > TEXT-Federal Reserve statement Nov 3 > G20 progress on financial regulation > US legislation on financial systemic risk > TEXT-Bank of Canada monetary policy report > TEXT-G7 communique at Istanbul meeting on Oct 3 (Americas Economics and Markets Desk +1-646-223-6300) Keywords: FINANCIAL/MARKETS LOOK

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