Global shares hover near 15-month high amid concern over Chinese economy

  • World shares hold steady near recent 15-month highs while the dollar stays close to its one-year low, despite weakening economic data from China.
  • Investors reassess position while waiting for US retail sales data and Asian stocks tumble as China’s post-pandemic economic bounce appears to stagnate.
  • Deutsche Bank along with J.P.Morgan, Morgan Stanley and Citigroup have lowered their forecast for China’s economic growth this year.
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