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Stocks and oil shaky, dollar firms amid recession fears

Mount Equity Group Tokyo Japan > News > Markets > Stocks and oil shaky, dollar firms amid recession fears
  • European stocks edge up 0.1% on mining sector
  • Markets overall subdued amid China growth fears
  • Dollar gains as investors seek safety

SINGAPORE/LONDON, Aug 16 (Reuters) – Stock markets struggled for direction on Tuesday as they grappled with worries over global growth, following weak Chinese and U.S. economic 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.

Europe’s benchmark STOXX index (.STOXX) edged up 0.1% to hit a 10-week high and mark a fifth straight session of gains, led by mining companies as London-listed BHP Group reported strong results.

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But S&P 500 futures and Nasdaq futures dipped, indicating a likely weaker direction for U.S. markets when they open later.

MSCI’s broadest index of Asia-Pacific shares outside Japan…

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