LONDON—World shares were steady near their recent 15-month highs and the 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.
Asian stocks fell earlier in the session as markets caught up with growth data from Monday showing the post-pandemic bounce in China’s economy was over.
Deutsche Bank said it was lowering its forecast for China’s economic growth this year, following similar moves on Monday by J.P.Morgan, Morgan Stanley, and Citigroup.
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….