SINGAPORE/LONDON—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 edged up 0.1 percent 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.
But S&P 500 futures and Nasdaq futures dipped, indicating a likely weaker direction for U.S. markets when they open later….