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Global stocks lower as ongoing oil weakness weighs

Published 02/02/2016, 06:24 AM
Updated 02/02/2016, 06:24 AM

Investing.com - Global stocks fell and emerging markets were under pressure on Tuesday as a sharp drop in oil prices following lackluster economic data sparked renewed investor nerves.

Britain's FTSE 100, Germany's DAX and France's CAC 40 were down more than 1% hit by BP (L:BP)'s biggest loss in 20 years and plans to cut thousands more jobs and rating cuts by S&P for Shell (L:RDSa) and BHP Billiton (L:BLT).

In the currency markets, waning risk appetite nudged Japan's yen and the euro up against the dollar.

Weakness in European markets looked likely to extend to Wall Street, with U.S. stock futures pointing to a lower open.

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