Premarket: World stocks near 15-month high; China data weighs on markets

World shares were steady near their recent 15-month highs and the U.S. dollar held close to a one-year low on Tuesday as investors paused to take stock of weak economic data from China and waited for U.S. retail sales data and earnings.

At 0806 GMT, the MSCI World Equity index was little changed at 697.27, near the 698.39 reached on Friday, which was the highest since April 2022. Investors were waiting for U.S. retail sales and industrial production figures later in the session, which could give indications about the Federal Reserve’s“Any sense that the Federal Reserve has reached peak interest rates or any sense that they’re turning less hawkish or more dovish will be that injection that stocks need to take the next leg higher,” Cincotta said.

The euro hit a fresh 17-month high of $1.1276 around 0732 GMT, before easing to trade up 0.1% on the day at $1.1237.

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