Premarket: World stocks rise, U.S. dollar retreats ahead of inflation data

News Snapshot:

Global shares rose and the dollar eased on Tuesday ahead of U.S. inflation data that could support a quicker end to Federal Reserve rate hikes, while the prospect of China propping up economic growth helped lift commodities like oil and copper. Markets are awaiting U.S. inflation data on Wednesday to see if price pressures are continuing to moderate, which could provide clues on the interest rate outlook. The MSCI All-World index rose 0.3%, lifted by gains in European shares, as the STOXX 600 rose 0.35% in early trading, and by Chinese equities in Asia, following the extension of support to...