Boundless Fed bond-buying fuels stocks rebound, dollar recoils
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LONDON (Reuters) - Financial markets rebounded on Tuesday, with stocks and oil jumping about 4% in Europe, while the safe-haven dollar recoiled as unprecedented global stimulus efforts gained traction.Although the U.S. Federal Reserve's offer of unlimited bond-buying was not expected to mitigate the devastating impact of the coronavirus alone, investors hoped it would help avert a global depression with the help of other state rescue packages.The Fed's action had not cheered Wall Street for long..