NEW YORK, Aug 24 — Global equity markets rose while the US dollar dipped yesterday as investors grew less concerned that the Federal Reserve would soon begin changing its accommodative monetary stance.
Now, investors are less confident Fed Chair Jerome Powell’s speech at Jackson Hole this week will indicate a timeline for winding down the Fed’s bond-buying programme. The MSCI world equity index, which tracks shares in 50 countries, rose 1.09 per cent. Last week it had its biggest weekly fall since June. Europe’s STOXX 600 closed higher at 0.66 per cent.
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