GLOBAL MARKETS - Stocks Rise, Dollar Flat on Solid Data and Rate Cut Prospects

GLOBAL MARKET - NEW YORK July 16 (Reuters) - World stock indexes mostly rose and the U.S. dollar gained against the yen on Tuesday after solid U.S. retail sales data was taken as supporting prospects the Federal Reserve will ease rates to rein in inflation while aiming to avoid a recession.

Data showed retail sales unchanged in June from a May reading that was higher than initially estimated.