World stocks fell on Tuesday as investors digested soft Chinese economic data and a lack of progress in U.S.-China trade talks, while a rise in U.S. borrowing costs supported the dollar, Reuters reports.
MSCI’s world equity index .MIWD00000PUS, which tracks shares in 47 countries, was down 0.3 percent.
Europe's benchmark Stoxx 600 was 0.1 percent lower while Germany's DAX .GDAXI shed 0.2 percent as first-quarter economic growth in the country came in lower than expected.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.8 percent.
China reported weaker-than-expected investment and retail sales in April and a drop in home sales, clouding its economic outlook even as policymakers try to navigate debt risks and defuse a heated trade row with the United States.
Mixed messages in U.S.-China trade talks also weighed on sentiment.