A six-day rebound in world stocks has begun to splutter, as bond market borrowing costs regains traction and the dollar moves firmly away from a three-year low.
Europe's main bourses saw steady start on Tuesday as lower domestic currencies helped their cause but weakness across Asia where Tokyo saw a 1 per cent drop meant MSCI's 47-country world share index was 0.2 per cent in the red.
The US dollar meanwhile continued its rebound from three-year lows, having recovered 1.5 per cent since Friday on the view that the US currency was due a correction after a brutal sell-off in recent weeks.
