The overarching downbeat mood among investors shows no signs of improving as markets become increasingly wary of a further rise in borrowing costs.Although U.S. markets took a breather and rose on Monday, they ended well below the day's highs and Asian markets were back in the red on Tuesday after gaining in early trade.
Economists polled by Reuters expect a median reading of 109.5 on the index, which unexpectedly fell in January.Despite sharp increases in interest rates by major central banks, predictions of economies worldwide falling into recession continue to miss the mark. On Tuesday, sterling gave up some gains after rising by 0.98 per cent against the dollar a day earlier, when it recorded its biggest daily gain in more than seven weeks.
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