- August 16, 2022
- Posted by: Stratford Team
- Category: Economy
- 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 (.MIAPJ0000PUS)…
