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Stocks decline as yields, dollar rise amid global demand worries

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Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.

NEW YORK, Sept 5 - World stock indexes eased and the U.S. dollar rose on Tuesday as economic data in China and Europe fueled worries about slowing global growth.

A private-sector survey showed on Tuesday that China's services activity expanded at the slowest pace in eight months in August as weak demand continued to dog the world's second-largest economy. "Worries are on the rise about a China and Europe-led slowdown in global growth. As a result the dollar is catching a solid safe haven bid," said Joe Manimbo, senior market analyst at Convera, in Washington.

The pan-European STOXX 600 index lost 0.23% and MSCI's gauge of stocks across the globe shed 0.40%.

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