LONDON, Oct 24 - Global stocks steadied on Tuesday as a flicker of investor risk appetite lifted equities and commodities, although trading was cautious given the war in the Middle East and looming make-or-break data for the outlook for U.S. interest rates.
"The only real growth that is out there is in the United States," TraderX strategist Michael Brown said, flagging the monthly U.S. purchasing manager index survey due later. "The looming spectre of inflation grows even more imposing, especially considering the recent sharp ascent in oil prices," said Dalma Capital Chief Investment Officer Gary Dugan.
BlackRock Chief Executive Larry Fink said he believed U.S. rates would stay higher for longer, given the amount of fiscal stimulus entering an already resilient economy, and robust wage growth.
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