Tepid China data, U.S. debt ceiling stalemate cap markets

Published by
Reuters UK

By Huw Jones LONDON (Reuters) – Tepid Chinese economic data, haggling over U.S. government finances and uncertainty over interest rates left investors on edge and stocks stuck in a range on Friday. Oil prices were headed for their fourth weekly decline, as renewed economic concerns in the United States and China revived anxieties about fuel demand. The dollar was steady around a one week peak as investors bet that overnight data showing a slowing U.S. economy would prompt the U.S. Federal Reserve to pause on rate hikes. On a brighter note, Britain’s economy grew in the first three months of th…

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