GLOBAL MARKETS-Stocks tick up as China industrial data offsets trade woes; oil rises

* Tech stocks fall in U.S., Europe
* Oil settles higher on Chinese factory data, U.S. stimulus
* USD index rises after seven weeks of losses
* Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh

(Updates to U.S. stock market close)
By Rodrigo Campos
NEW YORK, Aug 10 (Reuters) - Stocks across the globe were
little changed on Monday as upbeat industrial data out of China
and hopes for more stimulus in the United States were offset by
jitters over tensions between Washington and Beijing.
Technology stocks fell after a run of recent gains, while
crude oil prices jumped.
Industrial output in China is returning to levels recorded
before the coronavirus pandemic halted huge swathes of the
economy, driven by pent-up demand, government stimulus and
surprisingly resilient exports.
On Wall Street, the Dow industrials .DJI touched a more
than five-month high but the Nasdaq .IXIC fell as much as
1.5%, after hitting a record high last week.
Tension between the United States and China ahead of
scheduled trade talks at the weekend to review an agreement
signed in January was blamed for the lack of market direction.
Talks in Washington over a U.S. fiscal stimulus package for
pandemic-stricken businesses and workers caused further investor
uncertainty. House Speaker Nancy Pelosi and Treasury Secretary
Steven Mnuchin on Sunday said they were open to resuming
negotiations.
President Donald Trump has sought to take matters into his
own hands by signing executive orders and memorandums aimed,
among other things, at continuing unemployment benefits. The
figure he put forward is less than the benefit passed earlier in
the health crisis, however. The Dow Jones Industrial Average .DJI rose 357.96 points,
or 1.3%, to 27,791.44, the S&P 500 .SPX gained 9.19 points, or
0.27%, to 3,360.47 and the Nasdaq Composite .IXIC dropped
42.63 points, or 0.39%, to 10,968.36.
"Part of the reason the S&P 500 has been held back is we're
starting to see yet another rotation to value and away from
growth," said Paul Nolte, portfolio manager at Kingsview
Investment Management in Chicago. "That tends to hold back the
S&P because it's so dominated by big tech."
The pan-European STOXX 600 index .STOXX rose 0.30% and
MSCI's gauge of stocks across the globe .MIWD00000PUS gained
0.15%.
Emerging market stocks lost 0.26%. MSCI's broadest index of
Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.08%
lower, while Japan's Nikkei .N225 lost 0.39%.
Oil rose, supported by the Chinese factory data, rising
energy demand and hopes for an agreement in the United States on
more coronavirus-related economic stimulus. O/R
"The oil complex is heavily reliant on that aid. We need
people to be able to boost economic activity to spur demand,"
said John Kilduff, partner at Again Capital in New York.
U.S. crude CLc1 recently rose 2.06% to $42.07 per barrel
and Brent LCOc1 was at $45.01, up 1.37% on the day.
Brent settled at $44.99 a barrel and WTI at $41.94.
The greenback ticked up against a basket of peers after
posting its seventh consecutive weekly loss on Friday. Traders
focused on the fiscal stimulus in the United States and
U.S.-China tensions.
But the backdrop continued to be bearish for the dollar.
"We think the fundamental backdrop that has provided support
for the U.S. dollar in the past two years is turning more
adverse," said in a note Shaun Osborne, chief FX strategist at
Scotiabank in Toronto.
The dollar index =USD rose 0.181%, with the euro EUR=
down 0.38% to $1.1741.
The Japanese yen weakened 0.01% versus the greenback at
105.95 per dollar, while Sterling GBP= was last trading at
$1.3074, up 0.18% on the day.
"The longer-term outlook continues to be great on the euro,
so you'll probably see people buying on dips," said Ed Moya,
senior market analyst at OANDA in New York.
Treasury yields ticked higher but remained close to recent
lows.
“There is a growing recognition that the recovery has
stalled,” said Jon Hill, an interest rate strategist at BMO
Capital Markets in New York. “The question is, is that stall
going to turn into more of a pause, or a more ominous
retrenchment?”
Five-year yields last week fell to their lowest on record
and benchmark 10-year yields dipped to their lowest since March
as concerns about growth increased demand for the safe-haven
debt.
Treasury will this week sell record amounts of 3-, 10- and
30-year debt.
Benchmark 10-year notes US10YT=RR last fell 5/32 in price
to yield 0.5788%, from 0.562% late on Friday.
The 30-year bond US30YT=RR last fell 21/32 in price to
yield 1.2544%, from 1.229%.
Spot gold XAU= dropped 0.4% to $2,025.58 an ounce.
Trump has signed executive orders banning Chinese social
media platforms WeChat - owned by Chinese tech giant Tencent
0700.HK - and TikTok starting next month, and imposed
sanctions on 11 Hong Kong and Chinese officials.

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Emerging market assets in 2020 http://tmsnrt.rs/2ihRugV
Global asset performance YTD http://tmsnrt.rs/2jvdmXl
Global currencies vs. dollar http://tmsnrt.rs/2egbfVh
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