Stocks Retreat as Risk Appetite Fades on Weakening Growth; Oil Extends Slump

Global stocks retreat as of the world's biggest economies shrink in the wake of world trade disputes and oil prices extend their longest losing streak on record. U.K. Prime Minister Theresa May has agreed the text of a deal that will take Britain out of the EU, but needs to first convince opposition lawmakers and rebels in her own party if she is to avoid a government collapse and fresh national elections. U.S. equity futures slide as investors pullback from risk markets in the wake of macro economic weakness and political uncertainty, with the Dow called modestly lower ahead of third quarter earnings from Macy's and Cisco.

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