UPDATE 2-Exporters lead FTSE 100 lower as Fed Chair's comments knock dollar

* FTSE 100 down 0.1%, FTSE 250 down 0.3%
* Fed Chair's comments rekindle hopes of rate cut
* Micro Focus records worst day in over a year
* Recruiter PageGroup's downbeat outlook hits rivals

(Adds Fed comments, updates share prices)
By Muvija M
July 10 (Reuters) - London's FTSE 100 suffered a fourth day
in the red, its longest losing streak since January, with
exporter stocks taking a hit from a weaker dollar as U.S. Fed
Chairman Jerome Powell's comments boosted hopes for an interest
rate cut.
The blue-chip index .FTSE ended a volatile session down
0.1%, while the midcap index .FTMC recorded a 0.3% fall as a
profit warning from PageGroup PAGE.L hit the recruitment
sector.
Worries over trade policy and a weak global economy
"continue to weigh on the U.S. economic outlook" and the Federal
Reserve was ready to "act as appropriate", Powell said in
prepared remarks to a congressional committee. The downbeat tone brought back hopes that the central back
of the world's biggest economy would cut interest rates for the
first time in a decade at its policy meeting this month.
That hit the greenback, thereby pressuring shares in FTSE
100's more internationally exposed stocks, including HSBC
HSBA.L , British American Tobacco BATS.L and spirits company
Diageo DGE.L .
"The Fed chair seems to have well and truly left the door
open to a rate cut in July," Markets.com analyst Neil Wilson
said. However, doubts remain over whether this will be first of
several, or an "insurance" cut designed to keep markets on an
even keel, he added.
"The testimony didn't appear to tell us anything about what
the Fed is thinking longer term"
Software firm Micro Focus MCRO.L saw its biggest one-day
fall since March 2018 with a 15.1% slump, a day after reporting
a larger-than-expected decline in licence revenue in its first
half.
However, losses were contained thanks to strength in miners
.FTNMX1770 as metal prices rose on signs of improvement in the
U.S.-China trade talks.
Recruitment firm PageGroup skidded 15.1% on its worst day in
three years after warning that uncertainty related to Brexit and
the China-U.S. trade war would eat into its operating profit.

That knocked shares in rivals Hays HAYS.L and Robert
Walters RWA.L by 5.8% and 7.3% respectively.
Pub operator J D Wetherspoon JDW.L was at the other end of
the spectrum, ending 3% higher after reporting stronger
comparable sales for the 10 weeks to July 7 and keeping its
full-year expectations untouched. Among small caps fashion group Superdry SDRY.L shed 2%,
having earlier fallen as much as 10% after posting results
showing a 130 million pound ($162.59 million) charge for poorly
performing stores pushed it into an annual loss.

($1 = 0.7996 pounds)