LONDON/SYDNEY—Global shares fell on Wednesday as fresh signs of China’s faltering economic recovery emerged, with traders awaiting U.S. Federal Reserve minutes and a key U.S. jobs report later in the week for clues to the central bank’s rate outlook.
In quiet trade following the Independence Day holiday on Wall Street on Tuesday, European stocks slipped 0.6 percent, with German shares down the same amount.
Wall Street was set for losses, too, with S&P 500 futures and Nasdaq futures down 0.2 percent–0.4 percent.
The Chinese services sector, which has rebounded strongly since the lifting of COVID-19 lockdowns, expanded at the softest pace in five months in June, a survey showed, adding to signs of a soft recovery in the world’s second-biggest economy….