By Herbert Lash

NEW YORK (Reuters) - The dollar gained while several U.S. and European equity indexes scaled fresh peaks on Wednesday after China reported another decline in new coronavirus cases and on expectations of Chinese stimulus to counter a slowdown in growth.

Big manufacturing hubs on the Chinese coast are easing curbs on the movement of people and traffic while local governments prod factories to restart production, a return to economic normalcy sought by investors.

China is widely expected to cut its benchmark lending rate on Thursday, according to a survey of traders and analysts, after the country's central bank lowered the interest rate on medium-term loans earlier this week.

The death toll from the coronavirus climbed above 2,000, but the number of newly reported cases fell for a second day to the lowest since January. That news lifted Asian shares and spurred U.S. and European stocks to new highs.

"The coronavirus is the top headline these days and the growth in new cases, evidently, has slowed," said Tim Ghriskey, chief investment strategist at Inverness Counsel.

"Perhaps we've seen the worst of it, at least in terms of the growth rate of new cases," he said, noting there are signs of workers heading back to factories.

IHS Markit said in a research note that it expects the impact on the global economy to be limited, reducing growth by 0.1% in 2020.

The S&P 500 and Nasdaq composite on Wall Street, along with two pan-regional indexes in Europe climbed to new highs, as did Canada's benchmark index <.GSPTSE>.

MSCI's gauge of stocks across the globe <.MIWD00000PUS> gained 0.43%, just shy of a record, while its emerging market index <.MSCIEF> rose 0.70%.

The pan-regional STOXX 600 index <.STOXX> in Europe rose 0.83% to a new high. Chipmakers hit by Apple Inc's <AAPL.O> coronavirus-related revenue warning led a broad rally, with Dialog Semiconductor <DLGS.DE>, STMicroelectronics <STM.MI> and AMS AG <AMS.S> among the day's top performers.

The Dow Jones Industrial Average <.DJI> rose 115.84 points, or 0.4%, to 29,348.03. The S&P 500 <.SPX> gained 15.86 points, or 0.47%, to 3,386.15 and the Nasdaq Composite <.IXIC> added 84.44 points, or 0.87%, to 9,817.18.

Technology stocks <.SPLRCT>, which are sensitive to news related to China's growth, gained 1.09%, the most after energy among the 11 S&P sectors.

Overnight, MSCI's index of Asian shares outside Japan <.MIAPJ0000PUS> rose 0.5%. Japan's Nikkei benchmark <.N225> gained almost 1%, helped by the retreat of the Japanese yen.