World stocks head for biggest monthly gains since May as Trump trades lift Wall Street

LONDON, Nov 29 - Global shares headed on Friday for their biggest monthly gains since May on hopes for strong U.S. growth, while Japanese rate hike bets and shifting euro zone monetary policy expectations put the dollar on track for its first weekly loss in four.

The dollar was most 0.9% lower at 149.93 yen after touching 149.53 yen in early European trade for the first time since Oct. 21 after Japan's government finalised a stimulus budget and inflation in Tokyo came in hotter than economists expected. The euro has recovered from crushing losses since the Nov. 5 U.S. election to gain 1.4% this week, to $1.059, supported by data on Friday showing euro zone inflation had higher, limiting bets for deep European Central Bank rate cuts.

Far-right leader Marine Le Pen, whose national rally won a strong share of vote in June's snap elections, has this week ramped up threats to topple Barnier's administration and sparked a rush out of French government debt.

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