An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
As investors worry about oil supply, airline and cruise ship stocks are getting hit on Monday, while some energy stocks are shooting upward.Marketsread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Justice Kavanaugh from when he was a Yale University student, noting that "the female student...Politicsread more
The U.S. faces less oil-shortage risk after weekend strikes on Saudi facilities because America has been aggressively developing its own domestic resources in recent years,...Oilread more
Purdue's board approved the much-anticipated bankruptcy filing, days after reaching a tentative deal to settle some 2,000 opioid lawsuits.Health and Scienceread more
* MSCI world equity index falls 0.3%
* Dollar slips as Jackson Hole meeting gets underway
* U.S. factory sector contracts for first time in a decade -IHS Markit (Updates prices with U.S. markets, changes comment, dateline; previous LONDON)
NEW YORK, Aug 22 (Reuters) - An index of global stock markets slipped on Thursday as investors worried about uncertainty over the outlook for U.S. interest rate cuts even as weak U.S. manufacturing data raised concerns about the health of the world's largest economy.
U.S. manufacturing industries recorded their first month of contraction in almost a decade amid concerns about whether the U.S.-China trade conflict would tip the economy into a recession, a private survey showed.
"Manufacturing has been pretty weak across the globe for a while now and we are starting to see that bleed into the U.S.," said Joe Mallen, chief investment officer at Helios Quantitative Research.
Investors' focus, however, remained firmly on Friday's speech by Federal Reserve Chairman Jerome Powell at a Jackson Hole, Wyoming, event, which could offer clarity on the direction of U.S. monetary policy.
The Fed has come under increasing pressure to cut borrowing costs more, including a call by President Donald Trump on Wednesday for the Fed to slash its benchmark rate.
The MSCI world equity index, which tracks shares in 47 countries, was down 0.31%.
On Wall Street, stocks opened higher as strong results from retailers bolstered confidence in consumer demand. But they retreated following the dismal U.S. manufacturing data and a comment from Philadelphia Federal Reserve Bank President Patrick Harker saying he does not see the case for additional stimulus.
At midday, however, the Dow reversed course, helped by a 3.9% jump in Boeing's shares after a Reuters report that the company has told suppliers it will resume production of its best-selling 737 jets at a rate of 52 aircraft per month in February 2020.
The Dow Jones Industrial Average rose 44.69 points, or 0.17%, to 26,247.42, the S&P 500 lost 4.64 points, or 0.16%, to 2,919.79 and the Nasdaq Composite dropped 39.49 points, or 0.49%, to 7,980.72.
lost 0.40European shares, which found support from upbeat surveys on Germany and the euro zone, declined on a report that the Bundesbank sees no need for German fiscal stimulus right now. The pan-European STOXX 600 index lost 0.40%.
In currency markets, the U.S. dollar weakened as investors braced for a possible announcement or statement from the Jackson Hole meeting.
While the Fed's latest minutes showed U.S. policymakers are reluctant to begin a big rate-cutting cycle in the coming months, market participants still expect the Fed to signal a stimulus measure, or an affirmation that the U.S. central bank is on a steady path to ease interest rates, a scenario viewed as negative for the dollar.
"Jackson Hole is going to provide an opportunity for the Fed to correct that communication mistake in the minutes," said Edward Moya, senior market analyst at OANDA in New York.
The dollar slipped 0.11% against a basket of major currencies to 98.19.
Asian currencies suffered after the Chinese yuan fell to an 11-year low against the dollar, indicating trade tension between the world's two biggest economies remained a major issue. nB9N22601Z 3/8
Treasury yields, which climbed after better-than-expected manufacturing data in Europe boosted risk sentiment, pared gains following dismal U.S. manufacturing data.
Benchmark 10-year notes were down 5/32 in price to yield 1.5927%, up from 1.577% late on Wednesday.
Oil prices weakened as worries about the global economy weighed.
Brent crude fell 0.49 cents to $59.81 a barrel, while U.S. West Texas Intermediate crude fell 0.43 cents to $55.25.
Gold prices were little changed on the day as investors awaited the outcome of the Jackson Hole meeting.
(Reporting by Saqib Iqbal Ahmed; Additional reporting by Gertrude Chavez-Dreyfuss in New York, Akanksha Rana and Medha Singh in Bengaluru; Editing by Dan Grebler)