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GLOBAL MARKETS-Global Stock Index Falls, Dollar Rises as Powell Dents Easing Hopes

October 01, 2024, 05.36 AM | Source: Reuters
GLOBAL MARKETS-Global Stock Index Falls, Dollar Rises as Powell Dents Easing Hopes

ILUSTRASI. A trader works inside a booth, as screens display a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 1, 2024. REUTERS/Stefan Jeremiah

GLOBAL MARKET - NEW YORK/LONDON. MSCI's global equities index fell on Monday and the dollar rose as the Federal Reserve Chair Jerome Powell dampened hopes for another big rate cut, while oil futures ended flat after a choppy session on concerns about an escalating conflict in the Middle East.

Global benchmark Brent crude, however, posted its biggest monthly loss since November 2022 and its biggest quarterly drop in a year, slumping 17% in the third quarter, as waning global demand concerns overshadowed fears of the conflict curtailing supply.

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