Premarket: Global stocks slip, bond yields drop as traders assess weak Chinese data

News Snapshot:

Global stocks ticked lower on Tuesday and bond yields dropped as investors assessed the latest weak economic data out of China and looked ahead to a key inflation reading from the U.S. on Thursday. Meanwhile, euro zone bank stocks fell sharply after Italy approved a 40-per-cent windfall tax on lenders for 2023 and Moody’s cut the credit ratings of several small and mid-sized U.S. lenders. MSCI’s index of global stocks edged 0.23 per cent lower after climbing 0.5 per cent on Monday. The MSCI Asia index, which excludes Japan, fell 1.11 per cent. Hong Kong’s benchmark Hang Seng slid 1.8...