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Global Markets: Shares and bonds stabilise on pause in bad news

Shares tiptoed higher and Eurozone bond yields fell on Tuesday as investors took a breather ahead of the next round of likely gloomy inflation data while also juggling concerns about Europe’s energy crisis, a looming recession and more rate hikes. The pan-European STOXX index, MSCI’s broadest index of Asia-Pacific shares outside Japan and S&P futures all rose around 0.7% as markets recovered from a round of selling triggered by hawkish remarks by Federal Reserve Chair Jerome Powell at the Jackson Hole conference last week. Also read: Sensex, Nifty soar 2.5% in broad-based rally; here’s what fuelled today’s Dalal Street rally …

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