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World Stocks, U.S. Dollar Rally After FBI Clears Clinton In E-Mail Probe

The U.S. dollar rallied strongly against other currencies after the FBI cleared Democratic candidate Hillary Clinton in a new e-mail probe.

Global stock markets and the U.S. dollar rallied strongly on November 7 after the FBI said its latest probe of e-mails potentially linked to Democratic presidential nominee Hillary Clinton would not result in criminal charges.

Wall Street stocks, which had declined for the longest period in 36 years last week after the FBI announced its new investigation, snapped back powerfully with the biggest gains in eight months.

Major U.S. stock indexes soared by more than 2 percent after indexes in Frankfurt and Paris surged by 1.9 percent and London stocks gained 1.7 percent.

MSCI's all-country world index rose by 1.6 percent, the best since June.

The U.S. dollar jumped 0.7 percent against a basket of currencies after dropping by 1.3 percent last week.

While the market reaction to the U.S. election has favored Clinton, who leads her Republican opponent Donald Trump in most opinion polls, analysts say it is actually "certainty" that the market prefers over the "uncertainty" of what might occur in an unpredictable Trump presidency.

Investors view Clinton's policies as mostly a continuation of President Barack Obama's agenda.

"Markets want continuity," Joseph Trevisani, chief market strategist at Worldwide Markets, told Reuters.

Based on reporting by Reuters, AP, and AFP