Global stocks dip on soft earnings, sterling drops
By Richard Leong NEW YORK (Reuters) - World stock prices slipped modestly on Friday, while sterling dropped on bleak data that raised fears about a possible British recession following the country's June 23 vote to leave the European Union. The key U.S. S&P and Dow equity indexes were little changed near record peaks amid a raft of weak U.S. corporate results. Concerns about global oversupply hurt oil prices, putting them on track for weekly losses. Bond and global prices fell on expectation
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