By Tara Ranasinghe
LONDON, April 5 – Global stock markets fell on Wednesday on signs of a weakening economic outlook, while the dollar rebounded to a two-month low.
* New Zealand’s Reserve Bank raised rates by 50 basis points to 5.25%, the highest level in 14 years, a reminder that the world’s central banks have yet to tighten monetary policy.
* European stocks fell and the STOXX 600 index hit its one-month high on Tuesday. US stock futures fell and Japan’s Nikkei fell 1.6% in its biggest daily percentage drop since mid-March.
* The MSCI index of world shares fell further from a near seven-week peak hit on Tuesday, while trade in Asia was weighed down by a holiday in Hong Kong and China.
* Weak U.S. economic data fueled recession fears this week, dampening recent stock gains.
* Data on Tuesday showed U.S. job openings fell to a nearly two-year low in February, while data on Monday indicated weakening U.S. manufacturing activity.
* The euro zone’s recovery accelerated last month, but the rebound was uneven across sectors and countries, a survey showed on Wednesday.
* The dollar index rose from a two-month low and the currency hit its lowest level since August 2021 against the Swiss franc at $0.9042. The greenback also advanced against the euro and sterling.
* Interest-bearing gold hit a fresh one-year high above $2,000 an ounce, then rose 0.13% to $2,023 an ounce.
* Brent crude was little changed at $84.95 a barrel. US West Texas Intermediate crude was also around $80.73 a barrel.
(Reporting by Tara Ranasinghe; Editing in Spanish by Ricardo Figueroa)
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