皇冠信用网app（www.hg108.vip）:Stocks subdued, oil weakens on recession fears

皇冠信用网app（www.hg108.vip）是一个开放皇冠信用网代理APP下载、皇冠信用网会员APP下载、皇冠信用网线路APP下载、皇冠信用网登录APP下载的皇冠正网平台。皇冠信用网APP上最新登录线路、新2皇冠信用网更新最快。皇冠信用网APP开放皇冠信用网会员注册、皇冠信用网代理开户等业务。

SINGAPORE: 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 from Monday's losses. MSCI's benchmark index has gained 5% from the year's lows but is still down 15% so far this year.

Just as investors were taking heart from a four-week rally in global equities that pushed markets to their highest in more than three months, Monday's weak Chinese activity data spanning industrial output and retail sales hit sentiment.

Also, U.S. single-family homebuilders' confidence and New York state factory activity fell in August to their lowest since near the start of the COVID-19 pandemic, a further sign the world's largest economy is softening as the Federal Reserve raises interest rates.

"In short, the risks of a global recession are suddenly much clearer. Then again, they were 'always' clear to some," Rabobank said in a note. "And does anyone think that a central-bank pivot will make them less likely at this stage?"

Overall, the picture was mixed across Asian bourses on Tuesday, with Tokyo and Taiwan benchmarks flat, while South Korean stocks put on 0.2%.

手机新2管理端（www.hg108.vip）实时更新发布最新最快最有效的手机新2管理端网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

Chinese stocks failed to hold onto early gains as growth concerns remained after data showed economic activity and credit expansion slowed sharply in July, prompting the central bank to unexpectedly cut interest rates.

The blue-chip CSI 300 index slipped 0.1% after dipping on Monday.

On Wall Street, major indexes climbed on Monday, reversing earlier session losses. Shares posted four straight weeks of gains amid optimism over a slowdown in U.S. inflation that could temper the pace of Fed rate hikes.

"Stocks are rallying as markets believe inflation is waning and the Fed will slow hikes soon," BlackRock's investment strategists said in a report.

"We don't think the rally is sustainable. Why? We see the Fed hiking rates to levels that will stall the economic restart," the strategists said.

The U.S. economy contracted in the first and second quarters, amplifying an ongoing debate over whether the country is, or will soon be, in recession.

Growth worries were also the dominant theme in Europe.

Euro zone government bond yields fell on Monday with investors concerned about possible recession and amid persistent fears of production cuts in Germany due to potential gas rationing.

On Tuesday, the dollar index, which measures the greenback against six major peers, rose as high as 106.62, its strongest since Aug. 8, before last trading little changed at 106.49.