World stocks stand firm, British data sends pound lower

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World stocks stand firm, British data sends pound lower
France Dernières Nouvelles,France Actualités
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SINGAPORE/LONDON, Sept 12 - Global stocks held firm on Tuesday and the dollar regained a little of its overnight losses a day ahead of crucial U.S. inflation data that could influence when or whether the Federal Reserve raises rates further.

Britain's labour market showed more signs of cooling in the three months through July, data showed on Tuesday, suggesting a weaker economy leading to slowing inflation, easing pressure on the Bank of England to raise rates much further. The two-year gilt yield was down nearly 6 basis points to 5.02%, falling more sharply than the 10-year gilt yield which was at 4.42%.

The yen on Monday notched its best day against the dollar in two months, after Bank of Japan Governor Kazuo Ueda said policymakers might have enough economic information by the year-end to determine that short-term rates will need to rise. FED AND ECB The week's two big macroeconomic events, U.S. CPI and the European Central Bank meeting are still to come however.

Interest-rate futures markets are pricing about a 45% chance of another U.S. rate hike by year's end.

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