- World shares steady, solid earnings help European shares
- China stocks fall further as Beijing races to battle COVID
- Dollar hits fresh 2-year peak on China COVID fears, Fed bets
- Yuan above 1-year low after PBOC cut FX reserve ratio
- Graphic: Global asset performance
MILAN, April 26 (Reuters) – 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 (.MIWD00000PUS) rose 0.1% from six-week lows by 0812 GMT, helped by a gain of 0.7% in Europe’s STOXX 600 (.STOXX) index on strong earnings by companies such as bank UBS (UBSG.S) and shipping group Maersk (MAERSKb.CO).
However, China’s blue chip index (.CSI300) fell another 0.8% after its worst day in two years on Monday, even as the central bank vowed to step up prudent monetary policy support,…
