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World stocks were steady and U.S. stock index futures indicated a lower open on Wall Street on the last trading day of 2022, but equities are on course for a 20% drop over a year marred by high inflation and war in Europe. The dollar, a beneficiary of rising U.S. interest rates, was on track for its best annual performance in seven years.

LONDON/SINGAPORE—World stocks were steady on the last trading day of the year as markets digested U.S. data and ...

World stocks were steady and U.S. stock index futures indicated a lower open on Wall Street on the last trading day of 2022, but equities are on course for a 20% drop over a year marred by high inflation and war in Europe. The dollar, a beneficiary of rising U.S. interest rates, was on track for its best annual performance in seven years.