Markets rally as Fed rate bets fade after soft U.S. data

Global shares edged higher and the dollar weakened toward two‑month lows after softer U.S. data, including a July retail‑sales drop, lowering the likelihood of a Fed rate hike next month to about 30%. European and Asian indices rose while Treasuries pulled back yields, and oil prices were mixed as investors await the next round of PMI data and key earnings this week.