GLOBAL MARKETS-Stocks, dollar and oil cool ahead of Doha meeting

Fri Apr 15, 2016 5:40am EDT
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* Caution ahead of oil producers' meeting caps stocks

* China economy grows 6.7 pct in Q1 as expected

* Shares steady after 2.5 pct weekly rise, at 2016 highs

* Oil dips ahead of Doha meet after 11 pct April jump

By Marc Jones

LONDON, April 15 (Reuters) - Reassuring Chinese GDP data helped stocks, commodity markets and the dollar consolidate strong weekly gains on Friday, as focus turned to a meeting of top oil producers about a potential output freeze.

Moves in most markets were small in Europe as investors eased back after a 2.5 percent weekly rally in world shares , a upward turn in the dollar and an 11 percent surge in oil prices this month.

Data from China drew approval as it showed the country's giant economy grew at 6.7 percent in the first quarter year-on-year, bolstering the view its slowdown may be bottoming out.

The major currencies seen as most dependent on China were the main gainers. The Australian and New Zealand dollars rose 0.3 and 0.9 percent respectively, also helped by the week's gains in key commodity prices.   Continued...