GLOBAL MARKET-Stocks gain on economic data, dollar steady as Fed meets

Global equities markets rallied on Tuesday, first on upbeat Chinese data and later on an increase in U.S. factory output, while the dollar see-sawed on uncertainty regarding the Federal Reserve’s outlook on the economy when policymakers meet this week. Gold retreated and investors drove longer-term U.S. Treasury yields higher, steepening the closely watched yield curve, as the Fed began a two-day meeting. U.S. factory production increased for a fourth straight month in August despite signs of strain in the recovery, while U.S. import prices rose more than expected, supporting the view that inflation pressures were building.

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