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Global markets await US job reports after tumultuous week

ANKARA - After a tumultuous week and massive losses in September, the global markets await the US job reports next week as they may shape the US Federal Reserve's monetary policies in the coming months. Increasing inflation pressures on world economies, rising energy prices, uncertainties in Asia amid Chinese real estate developer Evergrande, and the Fed signaling to begin tapering the process of scaling back its $120 billion worth of monthly bond purchases have recently created high volatility in global markets. US stock markets ended September with their worst monthly loss of 2021 so far. While the Dow Jones fell 4.3 percent last month, the S&P 500 declined 4.8 percent for its largest drop since March 2020. The Nasdaq plummeted 5.3 percent its worst September in a decade. European indices also had massive losses, with the STOXX index plummeting 3.8 percent, while Germany's DAX 30 and France's CAC 40 losing around 3.4 percent each, according to data compiled by A

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