Stocks, dollar gain after US retail sales data; focus still on Trump

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NEW YORK/LONDON July 16 - World stock indexes mostly rose and the U.S. dollar strengthened on Tuesday after solid U.S. retail sales signalled resilience in the economy.

Federal Reserve Chair Jerome Powell said on Monday that recent inflation data bolstered policymakers' confidence that price pressures are on a sustainable path lower. Opinion polls show a close race between Trump and President Joe Biden, though Trump leads in several states that are likely to decide the November election.

The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, gained 0.16% to 104.41, with the euro down 0.14% at $1.0879. Against the Japanese yen , the dollar strengthened 0.37% to 158.6.

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