GLOBAL MARKETS-Pressured by dollar gains, commodities hit 13-yr low
* Base metal prices fall again as dollar gains
* Euro under pressure as ECB seen easing next week
* Pfizer set to buy Allergan for $160 bln (Updates prices, adds U.S. markets, changes dateline from LONDON)
NEW YORK, Nov 23 (Reuters) - A measure of commodity prices hit its lowest in 13 years before bouncing back as the expectation of higher interest rates in the United States lifted the dollar to its highest in eight months.
Stocks in major markets ticked lower after five days of gains and the euro fell as low as $1.0599, a seven-month low as the prospect of more policy easing by the European Central Bank was compounded by a security lockdown in Brussels.
Wall Street opened higher, led by gains in cyclical sectors and consumer stocks, while utilities were once again pressured by the view that the Federal Reserve will soon begin a tightening monetary policy cycle.
The healthcare sector was also in focus after Pfizer said it would buy Botox maker Allergan in a record-breaking deal worth $160 billion to cut its U.S. tax bill by moving its headquarters to Ireland.
The Dow Jones industrial average rose 19.81 points, or 0.11 percent, to 17,843.62, the S&P 500 gained 5.34 points, or 0.26 percent, to 2,094.51 and the Nasdaq Composite added 18.41 points, or 0.36 percent, to 5,123.33.
An MSCI measure of stocks in major markets globally dipped less than 0.1 percent and a broad gauge of European stocks dropped 0.2 percent. Continuación...