Wall St wobble as oil sinks on China data

February already in the red amid fears slowdown will spread

1st February, 2016
Sky falling in on Wall Street

US stocks retreated today following a sell-off in risk assets from commodities to global equities after data showing worsening Chinese manufacturing rekindled concern that a slowdown there will spread.

The Standard & Poor’s 500 Index retreated after its biggest one-day gain in four months. European shares ended lower after paring losses of more than 1 per cent, while emerging-market equities were little changed. China’s stocks slid after an official manufacturing index dropped to a three-year...

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