Stocks recover even as global recovery fears linger – Reuters

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European stocks rebounded from worst day of 2021German bond yields touch fresh Feb lowsFX reflation trades falterU.S. dollar close to early-April highGlobal asset performance

LONDON/HONG KONG, July 20 (Reuters) – European shares bounced back from their worst day of the year on Tuesday, but German bond yields slipped to fresh five-month lows as a reminder that investors remained worried the spread of the Delta coronavirus variant could derail the economic recovery.

Europe’s STOXX 600 (.STOXX) added 1%, boosted by a clutch of positive corporate earnings and production updates from miners, while in the U.S. e-mini futures for the S&P 500 index were up 0.6%.

The positive moves followed more selling in Asia, with MSCI’s gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) falling 0.7% and Japan’s Nikkei 225 (.N225) hitting a six-month low, down nearly 1%.

China deleveraging risks hurt property stocks and the broader market for a second day, causing a plunge in shares of heavily indebted developer China more...