Global stocks, dollar rally on renewed U.S.-China deal hopes
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NEW YORK (Reuters) - Oil prices rose and stocks rallied worldwide on Thursday after China said it had agreed with the United States to cancel tariffs in phases, a key consideration in reaching a deal to end a trade war that has crimped economic growth and roiled markets.Wall Street's three main stock indexes hit record highs and a gauge of worldwide equity performance surged to a 21-month peak, with a pan-European index at its highest since July 2015 after regional shares rose for a fifth..