- 'We will win!': Mozambique's ruling party confident at final vote rally
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Florida braces for Milton, FEMA head slams 'dangerous' Helene misinformation
- Postecoglou slams 'unacceptable' Spurs after 'terrible' loss at Brighton
- Marmoush double denies Bayern outright Bundesliga top spot
- Rallies worldwide call for Gaza, Lebanon ceasefire
- Maresca hails Chelsea's 'fighting' spirit after draw with 10-man Forest
- New 'Joker' film, a dark musical, tops N.America box office
- Man Utd stalemate keeps Ten Hag in danger, Spurs rocked by Brighton
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Vikings hold off Jets in London to stay unbeaten
- Ahead of attack anniversary, Netanyahu says: 'We will win'
- West Indies cruise to T20 World Cup win over Scotland
- Arshdeep, Chakravarthy help India hammer Bangladesh in T20 opener
- Lewandowski's quickfire hat-trick powers Liga leaders Barca to Alaves victory
- Man Utd fire another blank in Aston Villa stalemate
- Lewandowski treble powers Liga leaders Barca to Alaves victory
- Russian activist killed on front line in Ukraine
- Openda strike briefly sends Leipzig top of Bundesliga
- Goal-shy Man Utd have to 'step up', says Ten Hag
- India bowl out Bangladesh for 127 in T20 opener
- Madueke rescues Chelsea in draw with 10-man Forest
- Beckett's belief rewarded as Bluestocking storms to Arc glory
- Trump on the stump, Harris hits airwaves in razor-edge US election
- Flash flooding kills three in northern Thailand
- Kaur leads India to victory over Pakistan in Women's T20 World Cup
- Juventus held by Cagliari after late penalty drama
- In France's Marseille, teen 'stabbed 50 times' then burned alive
- Ruthless Gauff beats Muchova in straight sets to win China Open
- India restrict Pakistan to 105-8 in Women's T20 World Cup
- England target repeat of Pakistan Test whitewash
- Penrith Panthers win fourth straight NRL title after downing Storm
- Weary Sinner happy for day off after battling into Shanghai last 16
- Pakistan's Masood warns England still a force without Stokes
- Madrid's Carvajal to miss several months after serious knee injury
- Israel pounds Lebanon ahead of Hamas attack anniversary
- Two elephants die in flash flooding in northern Thailand
- Sabalenka targets world number one and Wuhan hat-trick
- Toddler among 4 dead in migrant Channel crossings
- Tunisia votes with Saied set for re-election
- Bagnaia sets 'example' with Japan MotoGP win to cut gap on Martin
- Intense Israeli bombing rocks Beirut ahead of war anniversary
- Mozambique vote: no suspense but some disillusion
- Austrian rapper channels anti-racist rage in Romani hip-hop songs
- Ohtani magic powers Dodgers over Padres in MLB playoff thriller
- Five of the best: Pakistan-England Test thrillers
- Man sets arm on fire as marches across US mark Gaza war anniversary
- Vietnam's young coffee entrepreneurs brew up a revolution
- Trump rallies at site of failed assassination: 'Never quit'
- Too hot by day, Dubai's floodlit beaches are packed at night
Oil prices, stocks retreat as China weighs on sentiment
Oil prices slumped more than three percent and stock markets retreated Tuesday as China's struggling economy weighed on sentiment.
A stream of indicators, including the latest on manufacturing, has highlighted weakness in the Chinese economy, the world's second largest after the United States.
China's "only plan for recovery seems to be in exporting its way out of economic doldrums", said John Evans, analyst at oil broker PVM.
"Yet external demand flounders in the face of a global economy that on the whole is sputtering at best."
Oil demand has been disappointing elsewhere as well.
"The fact that recent data shows no signs of any acceleration in import demand in China, Europe or North America points to a situation where the oil market is not going to be as tight as expected a few months ago," said market analyst Fawad Razaqzada at City Index and FOREX.com.
With oil producers reluctant to cut output -- and the OPEC oil cartel and its allies have even been considering boosting production -- oil prices have been on a downward trend.
Traders were awaiting US manufacturing figures Tuesday ahead of key American jobs data on Friday, hoping for a clearer picture on the pace of US interest-rate cuts set to begin this month.
"With a rate cut in September essentially a done deal, the speed of further cuts will depend on upcoming data," said Razaqzada.
He said the US manufacturing figures and jobs data would need to be quite weak to further weaken the dollar, which has already softened in anticipation of interest rate cuts.
Wall Street stocks slid after coming back from a three-day holiday weekend and solid gains on Friday that saw the Dow set a new closing record.
"The negative disposition stems in part from some natural consolidation activity, which is being stirred by reminders that the month of September is the worst month, on average, for the stock market," said Briefing.com analyst Patrick O'Hare.
In foreign exchange, the yen strengthened after Bank of Japan chief Kazuo Ueda restated his intention to lift interest rates again if inflation and the economy meet its forecasts.
The bank's surprise decision to hike in July, hours before the Federal Reserve indicated it was ready to begin cutting US borrowing costs, sparked a massive unwind of the so-called "yen carry trade" in which investors used the cheap currency to buy high yielding assets like stocks.
In company news on Tuesday, shares in Cathay Pacific slipped as the Hong Kong carrier said that 15 of its Airbus A350 jets needed new engine parts after inspecting its entire fleet, which was grounded following a "first of its type" engine component failure.
But shares in British engine manufacturer Rolls-Royce, whose Trent XWB-97 engines powered the planes, gained three percent after starting the week with a 6.5-percent drop as not all of Cathay's A350s were affected.
- Key figures around 1330 GMT -
New York - Dow: DOWN 0.5 percent at 41,372.20 points
New York - S&P 500: DOWN 0.6 percent at 5,614.82
New York - Nasdaq Composite: DOWN 0.7 percent at 17,585.45
London - FTSE 100: DOWN 0.6 percent at 8,315.24
Paris - CAC 40: DOWN 0.4 percent at 7,617.31
Frankfurt - DAX: DOWN 0.5 percent at 18,837.52
EURO STOXX 50: DOWN 0.5 percent at 4,948.51
Tokyo - Nikkei 225: FLAT at 38,686.31 (close)
Hong Kong - Hang Seng Index: DOWN 0.2 percent at 17,651.49 (close)
Shanghai - Composite: DOWN 0.3 percent at 2,802.98 (close)
Brent North Sea Crude: DOWN 3.7 percent at $74.65 per barrel
West Texas Intermediate: DOWN 3.1 percent at $71.27 per barrel
Dollar/yen: DOWN at 145.68 yen from 147.01 yen on Monday
Euro/dollar: DOWN at $1.1061 from $1.1067
Pound/dollar: DOWN at $1.3143 from $1.3147
Euro/pound: DOWN at 84.17 pence from 84.18 pence
burs-rl/lth
D.Kaufman--AMWN