GLOBAL MARKETS-Stocks Drop, Dollar Gains as Bullish US Economy Prompts Rates Re-Think

GLOBAL MARKET - LONDON. Global stocks tumbled on Monday, while the dollar traded at its highest in over two years, after last week's blockbuster U.S. jobs data prompted traders to consider the possibility that the Federal Reserve may have finished cutting interest rates.

The December employment report on Friday showed 256,000 workers were added to nonfarm payrolls - well above expectations for a rise of 160,000 and the biggest increase since March.

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