BlackRock’s Wei Li says equity markets are not “appropriately” pricing in a growth slowdown in the US and Europe. U.S. equity-index futures slipped, stocks were mixed and commodities from oil to iron ore tumbled as disappointing data from China further clouded the outlook for the global economy. Contracts on both the S&P 500 and Nasdaq 100 were lower, suggesting a four-week stocks rally may stall. Europe’s equity benchmark advanced about 0.3%, as corporate news buoyed healthcare stocks while miners and carmakers declined. An Asian share index added less than 0.1% and emerging-market stocks dropped. Treasury yields were little changed and the bond curve remained deeply inverted, pointing to worries that the Federal Reserve’s campaign of monetary tightening against high inflation will spark a US recession. Bonds in Europe gained. Bloomberg’s dollar spot index jumped the most in more than a week. Data showed China’s July retail sales, investment and […]