World Stocks Dither, Bond Yields Fall as Recession Worries Weigh

World Stocks Dither, Bond Yields Fall as Recession Worries Weigh
A trader works at Frankfurt's stock exchange in Frankfurt, Germany, on Jan. 22, 2020. Ralph Orlowski/Reuters
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LONDON/TOKYO—Global stocks drifted on Thursday, following skittish trade in the Asian session, as traders awaited crucial U.S. jobs data that may add to mounting evidence of a U.S. slowdown and the likelihood of a global recession.

The broad MSCI index of world stocks dipped 0.1 percent, putting it on track for its first weekly decline in three weeks. U.S. Treasuries stood firm and crude oil weakened.