GLOBAL MARKETS-Shares rise, dollar slips as markets pare Fed rate risks

Global shares rose and the dollar slipped toward two-month lows on Monday as soft U.S. data reduced bets for an imminent Federal Reserve rate hike. CME FedWatch now prices a hike next month at 30%, down from about 50% a week earlier. The STOXX 600 gained 0.21% and Asia-Pacific ex-Japan added 0.5%, with Japan’s Nikkei up 0.3%. Chinese blue chips rose 0.8% and the Hang Seng climbed 1.6% ahead of China’s July activity data. Oil was mixed: Brent was down 0.05% and U.S. crude slipped 0.7% to $81.91 a barrel after last week’s gains.