March 16 (Reuters) -ICE cotton futures edged up from a more than four-month low on Thursday, as a rebound in the equity market and a pullback in the U.S. dollar offset pressure from global economic slowdown jitters.

* Cotton contracts for May CTK3 rose 0.21 cent, or about 0.3%, to 79.32 cents per lb at 1:38 p.m. ET (1738 GMT), after falling to its lowest since Nov. 2 at 77.55 cents per lb earlier in the session.

* "The market is subject to all the outside noise - the stock market, bonds, interest rates, and that's basically what's been going on," said Jon Marcus, president of Lakefront Futures and Options brokerage in Chicago.

* "I think cotton has hit its low for the time being, I would imagine you'll start seeing the market bounce a little bit, come back to a price that is closer to $0.80," said Marcus, adding $0.75 provides a solid support level.

* Wall Street's main indexes reversed declines after a report said some U.S. big banks were in talks with First Republic Bank for a potential deal, while comments from Treasury Secretary Janet Yellen also boosted investor sentiment. .N

* Chicago corn futures rose on Thursday on U.S. export demand, while wheat lost ground as traders expected a renewal of a Black Sea grain export deal, analysts said.GRA/

* The dollar index .DXY fell 0.3% against its rivals, making the natural fiber less expensive for buyers overseas. USD/

* Meanwhile, the U.S. Department of Agriculture's weekly export sales report showed net sales of 225,500 running bales of cotton for 2022/2023, up 97% from the previous week, but down 3% from the prior 4-week average. EXP/COT

* "There is growing unease regarding a global recession and this morning's USDA export data are not helping the market," Louis Rose of Tennessee-based Rose Commodity Group wrote in a note.

Reporting by Harshit Verma in Bengaluru; Editing by Shailesh Kuber