Stocks, commodities slip as soft US data signals cooling economy

NEW YORK/LONDON, June 4 - World stocks and commodities slid on Tuesday, as investors turned uneasy about evidence that the U.S. economy's"exceptionalism" may be starting to unwind, after data showed surprising weakness in business activity.

By 1726 GMT, the MSCI All-World index , opens new tab was down 0.4%. On Wall Street, the S&P 500 index , opens new tab fell 0.2%, the Dow Jones Industrial Average , opens new tab was flat and the Nasdaq Composite , opens new tab dipped 0.3%. Stocks in Europe slid, led by energy, mining and banking shares, pushing the STOXX 600 , opens new tab down by as much as 0.9%. It had trimmed losses and had lost 0.4% by 1446 GMT.

Political jitters also knocked the Mexican peso and South Africa's rand , which dropped by 1.4% and 1.1% respectively, following election results in both those countries.This week brings a slew of major data. Non-farm payroll figures for May are out on Friday, following Tuesday's Job Openings and Labor Turnover Survey.

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