Stocks slip, dollar up as data challenges Fed pause hopes

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Reuters UK

By Anshuman Daga and Alun John SINGAPORE/LONDON (Reuters) – Global stocks headed for a third straight day of losses on Tuesday and the dollar rose after more U.S. data reinforced the belief among investors that the Federal Reserve might stick longer with aggressive interest rate rises. MSCI’s World index fell 0.3%, led by tech stocks which are often more sensitive to broader shifts in sentiment. Europe’s STOXX tech sub index lost 0.3% , Hong Kong listed tech giants fell 1.8% and Korea’s tech-heavy KOSPI benchmark shed 1%. The oil and gas sector also suffered after a near-3.5% slide in crude oi…

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