Wall Street

Stocks subdued, oil weakens on recession fears

Published by
Reuters

By Anshuman Daga SINGAPORE (Reuters) – Asian markets struggled for direction on Tuesday, as they grappled with worries over global growth, following weak Chinese data that knocked oil prices and commodity-linked currencies. The dollar briefly hit a one-week high as investors piled back into the safe-haven currency, while the Aussie, euro and Chinese yuan buckled. Eurostoxx 50 futures and FTSE futures both added 0.3%, indicating a strong start for European stocks. But S&P 500 futures and Nasdaq futures dipped. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1%, recovering …

Read More

Share this Story
Load More Related Articles
Load More In Wall Street