Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets.
MSCI world equity index, which tracks shares in 47 countries, fell 0.2% to their lowest in nine days, while the Euro STOXX 600 slipped 0.5% to its lowest in almost three weeks.
In currencies, the dollar edged lower against its rivals on the softer U.S. Treasury yields, with investors focusing their attention on the Fed’s meeting next week.
Against a basket of its rivals, the dollar edged 0.1% lower to 97.195.
Sterling was a shade higher at $1.244, off its lowest since April 2017 touched on Wednesday amid growing risks of Britain leaving the European Union in a no-deal Brexit.
Major British banks, such as HSBC, are already talking of the possibility of the pound breaching post-Brexit referendum lows of $1.149, with some asking whether the pound is headed for parity against both the dollar and the euro.
Oil prices were mixed, with U.S. crude extending losses after data showed U.S. stockpiles of gasoline and other products rising sharply last week, suggesting weak demand.
Brent crude futures were up 6 cents, or 0.1%, at $63.71 a barrel by 0755 GMT. They fell 1.1% on Wednesday.