Markets

Brent slips toward $104 after China data; Fed eyed

(Reuters) - Brent crude slipped toward $104 per barrel on Wednesday after softer official manufacturing data from top energy consumer China chipped away at a fragile market sentiment, while fading hopes for U.S. stimulus measures also weighed on prices.

China's official factory purchasing managers' index dropped to an eight-month low in July, reviving concerns the world's second-biggest economy was losing steam, along with other major Asian exporters Japan , South Korea and Taiwan who reported worsening economic stress on Tuesday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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