SINGAPORELONDON, Dec 6 Reuters Global stocks headed for a third straight day of losses on Tuesday and the dollar rose after more U.S. data reinforced the belief among investors that the Federal Reserve might stick longer with aggressive interest rate rises.

MSCI39;s world index fell 0.3, led by tech stocks which are often more sensitive to broader shifts in sentiment.

Europe39;s STOXX tech sub index lost 0.3 .

The oil and gas sector also suffered after a near3.5 slide in crude oil prices overnight . Shell , BP and TotalEnergies were each down around 1, and were among the biggest drags on the panEuropean index.

Having hit an an over threemonth high last Thursday, MSCI39;s world index is now entering what was shaping up to be a third straight session of decline.

Data released on Monday showed U.S. services industry activity unexpectedly picked up in November following a robust U.S. payrolls report published Friday all of which raised doubts over whether the Fed would go for smaller hikes in interest rates just yet.

A reassuring trend was in place policy tightening, leading to growth slowdown leading to slower inflation which allowed this correction in risk assets and the dollar, said Samy Chaar chief economist at Lombard Odier.

Then we had two important bits of data that went the other way, a good job report, non manufacturing ISN, which if not calling that trend into question, do show there will be bumps in the road.

Aggressive U.S. rate increases earlier in…