GLOBAL MARKETS-Stocks climb on hopes for progress in trade; Canadian dollar gains

* Oil ends lower
* Chilean peso drops after protests
* Benchmark 10-year yields up

(Adds U.S. markets' closing levels)
By Caroline Valetkevitch
NEW YORK, Oct 21 (Reuters) - World stock indexes rose on
Monday as signs of work to resolve the U.S.-China trade war
bolstered investor hopes, while the Canadian dollar strengthened
in the hours before results of the election for prime minister.
U.S. President Donald Trump praised efforts to end the
U.S.-China dispute, while White House adviser Larry Kudlow said
tariffs scheduled for December could be withdrawn if talks go
well.
In Britain, the parliament's speaker refused to allow a vote
on Boris Johnson's divorce deal with the European Union,
suggesting the British prime minister faces further problems in
Brexit ratification. Johnson's opponents in parliament on Saturday demanded a
change to the sequencing of the ratification of the deal,
forcing him to request a delay.
MSCI's world equity index .MIWD00000PUS , which tracks
shares in 47 countries, gained 0.6%. The Euro STOXX 600 .STOXX
added 0.6%, while the S&P 500 .SPX index ended up 0.7%.
"Trade news on the whole seems positive," said Rick Meckler,
partner, Cherry Lane Investments, a family investment office in
New Vernon, New Jersey.
"Political news is so overwhelming, in a way, that I think
investors are beginning to tune it out."
On Friday, Chinese Vice Premier Liu He said that Beijing
will collaborate with the United States to address mutual
concerns on the trade war. Stocks investors are also gearing up for more high-profile
earnings reports this week from such companies as Microsoft Corp
MSFT.O .
On Wall Street, the Dow Jones Industrial Average .DJI rose
57.44 points, or 0.21%, to 26,827.64, the S&P 500 .SPX gained
20.52 points, or 0.69%, to 3,006.72 and the Nasdaq Composite
.IXIC added 73.44 points, or 0.91%, to 8,162.99.
The U.S. dollar recovered earlier losses as Brexit
negotiations were once again thrown into disarray. Against the
dollar, sterling GBP= was last down 0.02% to $1.297 having
earlier broken above $1.30 for the first time in 5-1/2 months.
The Canadian dollar CAD= was last 0.31% stronger against
the U.S. dollar. The election will determine if Trudeau will
remain in power after two major scandals. The Chilean peso CLP= was down more than 2% in its biggest
daily percentage decline in more than six years after a state of
emergency was declared in the capital city of Santiago following
violent protests over the weekend. In the U.S. bond market, yields rose as investors sold
safe-haven debt on optimism about the potential U.S.-China trade
deal.
In afternoon trading, U.S. 10-year note yields US10YT=RR
rose to 1.794% from 1.75% late on Friday. In commodities, oil prices fell. U.S. crude CLcv1 fell
0.9% to settle at $53.31 per barrel and Brent LCOcv1 settled
at $58.96, down 0.8% on the day. For Reuters Live Markets blog on European and UK stock
markets, click on: LIVE/

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