LONDON—Global stocks struggled on Friday as investors pored over economic data for clues on the likelihood of more interest rate hikes and possible recession in the United States as a new earnings season unfolded.
The dollar edged up and looked set for its first weekly gain in more than a month on Friday.
Oil prices also crept higher but were still on track for a hefty weekly loss as softening U.S. economic data and a rise in U.S. gasoline inventories raised concerns about a recession and slower global oil demand.
The MSCI all country stock index was down 0.1 percent, though it remains about 8 percent firmer for the year….