Premarket: World stocks, oil resilient amid cautious optimism on economy

News Snapshot:

Stocks were mostly resilient and oil hovered near recent highs on Tuesday as investors stayed positive over global economic prospects even as data showed signs of risks. European stocks fell 0.2%, stepping back from a 2% gain in July, its second month of gains. UK stocks edged up 0.1%, however, with HSBC climbing 2.6% after announcing a $2 billion share buyback and raising its key profitability target. Investors are readying for an end to a series of U.S. Federal Reserve interest rate hikes, with an increase last week widely seen as one of the last in its current tightening cycle....