World shares dip on China weakness, oil sags on supply question

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Reuters

By Simon Jessop and Tom Westbrook LONDON/SINGAPORE (Reuters) – Global stocks fell on Thursday, tracking a slump in Asia amid a widening crackdown on the tech sector in China and concern over the strength of the country’s economic recovery, while oil prices also sagged on supply uncertainty. The pace of economic recovery from the COVID-19 pandemic and its impact on inflation and central bank policymaking continues to drive markets, with the U.S. Federal Reserve overnight signalling no immediate plans to raise rates. All eyes will now be on the European Central Bank later in the session, where i…

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