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Global markets react before Fed Chair's first foreign speech
Global stock markets began July with caution and anticipation, as investors' expectations of a US interest rate hike grew. Meanwhile, the S&P 500 index declined by 0.4%, and European indexes fell by 0.2%. At the same time, the US dollar rose by 0.2% ahead of the Federal Reserve Chairman's speech, which is expected to outline the monetary policy trajectory for the coming year.
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