MILAN—World shares steadied on Tuesday after a late revival on Wall Street, although global growth fears stoked by China’s COVID-19 curbs and fears of aggressive Fed tightening sapped risk appetite, lifting the dollar to new two-year highs.
The MSCI world equity index was up 0.2 percent from six-week lows at 1117 GMT, helped by a 0.7 percent gain in Europe’s STOXX 600 index on strong earnings by companies such as bank UBS and shipping group Maersk.
However, China’s blue chip index fell another 0.8 percent after its worst day in two years on Monday, even as the central bank vowed to step up prudent monetary policy support.
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