Euro STOXX 600 up 0.4
Oil prices rebound on China hopes, talk of output cuts
Dollar falls as investors seek riskier assets
China property shares rally on policy support

LONDONSYDNEY, Nov 29 Reuters Stocks and oil gained on Tuesday on hopes that public unrest in China might prompt an earlier loosening of COVID19 curbs in the world39;s biggest economy, with the yuan up and the dollar down as investor appetite for riskier assets grew.

The Euro STOXX 600 gained 0.4, recovering from its worst session in almost two weeks a day earlier. Shares in London were up 0.8 and markets in Paris and Frankfurt gained around 0.20.3.

Hopes of faster easing of China39;s strict restrictions rose after an official said they will continue to finetune policy to reduce the impact of its Zero COVID on society.

Simmering discontent with Beijing39;s stringent COVID prevention policies three years into the pandemic ignited over the weekend into broader protests in Chinese cities thousands of miles apart.

China is the dominant story in markets at the moment, and the pattern of risk assets that we have seen overnight is what we would expect with better news said Hugh Gimber, global market strategist at JP Morgan Asset Management.

Positive news for the Chinese economy is positive news for the global economy.

The MSCI world equity index, which tracks shares in 47 countries, rose 0.3, while SP 500 futures rose 0.5 and Nasdaq futures 0.7.

The sudden bout of optimism on China combined with talk…