GLOBAL MARKETS: Stocks, dollar rise on U.S. economic dataNEW YORK, Aug 4 (Reuters) - Global stocks edged higher and the dollar rebounded from an eight-month low versus the yen on Wednesday after better-than-expected readings of U.S. and European economic data rekindled bets on riskier assets.
"People still have a lot of concerns about economic growth right now, and people are thinking the economy is slowing. These numbers haven't been strong enough to disabuse anyone of that opinion," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.
Shares fall, dollar near 15-yr low vs yen
LONDON, Aug 4 (Reuters) - Global shares fell and the dollar headed towards a 15-year low against the yen on growing concern about the U.S. economy as recent data has sparked talk of more monetary easing by the Federal Reserve.
"Economic data in the U.S. has been pointing towards a slowing economy and while earnings have been better than expected, there are worries about the future. It is not the full support the market needs," said Bernard McAlinden, investment strategist at NCB Stockbrokers, in Dublin.
U.S. consumer, housing data fan recovery worries
WASHINGTON, Aug 3 (Reuters) - U.S. consumer spending and incomes were flat in June while home purchase contracts tumbled to a record low, implying an anemic economic recovery for the remainder of this year.
The reports on Tuesday showed the recovery assumed a decisively sluggish tone in the last month of the second quarter, setting up the July-September period for a lackluster performance just as lawmakers hit the hustings before November elections.
July U.S. auto sales up in uneven recovery
DETROIT, Aug 3 (Reuters) - U.S. auto sales rose 5 percent in July in an uneven recovery that left Toyota Motor Co and Honda Motor Co sputtering with declines from strong results a year ago.
The two U.S. automakers run through government-funded bankruptcies last summer, General Motors Co and Chrysler, posted sales gains of 5 percent each.
China Q3 GDP to slow to 9.2 pct yr/yr-think tank
BEIJING/SHANGHAI, Aug 4 (Reuters) - China's economy will cool further this quarter as fiscal pump-priming starts to fade and the restocking cycle draws to a close, a government think tank said on Wednesday.
Annual gross domestic product growth will slow to 9.2 percent from 10.3 percent in the second quarter and 11.9 percent in the first, the State Information Centre said in a report published in official media.
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