Worries over economic recovery shake world stocks, dollar gains

 Worries over economic recovery shake world stocks, dollar gains

HONG KONG, Sept 8 (Reuters) – World stocks edged away from the previous session’s record highs and European stocks dropped on Wednesday on uncertainty over the pace of economic recovery, while the dollar hit one-week highs as investors reduced exposure to riskier assets.

U.S. S&P futures eased 0.1% after the S&P 500 fell 0.34% on Tuesday.

Accommodative central bank policies and optimism about reopening economies have pushed equities to record highs but concerns are growing about the impact of rising coronavirus infections due to the Delta variant.

Markets are also still assessing data from last week which showed the U.S. economy created the fewest jobs in seven months in August, and wondering how the U.S. central bank will respond.

The Fed should move forward with a plan to taper its massive asset purchase programme despite the slowdown in job growth, St. Louis Federal Reserve Bank President James Bullard said in an interview with the…

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