Stocks see slight recovery but negative outlook persists – Reuters
- Date: 10-May-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
Stocks see slight recovery but negative outlook persists – Reuters
SINGAPORE, May 10 (Reuters) - Asian equities slipped to the lowest in nearly two years on Tuesday, before trimming losses, as investors fretted about the toxic cocktail of rising interest rates and weaker economic growth.
Sentiment was supported by gains in U.S. stock futures, which turned positive after declining earlier. S&P 500 stock futures and Dow Jones futures both rose 0.6%, while Nasdaq futures gained 1.3%.
Growing fears of recession and a slowdown in China dragged on commodity-linked currencies and oil prices, though safety flows kept the dollar near 20-year highs.
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