World Stocks Steady Near Lows as Inflation Jitters Ease

Read MoreMILAN–World shares steadied near lows on Tuesday as worries that rising oil prices will feed inflationary pressures appeared to ease, while the dollar regained strength ahead of U.S. payrolls data on Friday seen as key to the Federal Reserve’s next move. MSCI’s gauge of global stocks was down 0.1 percent by 0823 GMT but off a more than three-month low hit during Asian trading. European stocks rose 0.3 percent as rising bank stocks and an encouraging earnings update from chipmaker Infineon calmed nerves following a tech-fuelled selloff on Monday. Wall Street was also set for a rebound with futures on the tech-heavy Nasdaq up 0.3 percent and S&P 500 futures 0.2 percent higher. Asian shares fell for a third straight day, catching up with heavy losses in the United States, where investors dumped Big Tech as Facebook was hit by a nearly six-hour outage. Facebook’s Frankfurt-listed stock rose 2.6 percent …