Stocks and Oil Shaky, Dollar Firms Amid Recession Fears

Stocks and Oil Shaky, Dollar Firms Amid Recession Fears
Pedestrians wait to cross a road at a junction near a giant display of stock indexes in Shanghai, China, on Aug. 3, 2022. Aly Song/Reuters
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SINGAPORE/LONDON—Stock markets struggled for direction on Tuesday as they grappled with worries over global growth, following weak Chinese and U.S. economic data that knocked oil prices and commodity-linked currencies.

The dollar briefly hit a one-week high as investors piled back into the safe-haven currency, while the Aussie, euro, and Chinese yuan buckled.