Market Wrap International:

The global stock markets stabilized on Tuesday, experiencing a ‎slight deceleration as the dollar rebounded from its overnight ‎decline, a day before the release of crucial US inflation data, ‎which holds the potential to influence the timing and likelihood ‎of future interest rate rises by the Federal Reserve. In the U.S, ‎The S&P 500 edged down by -0.6% with 8 ‎out of eleven listed ‎sectors fall and Nasdaq composite was also negative by ‎‎-1.0%. ‎The yields on 2-10-year tenures rose by 0.4 |0.6bps.‎

In Europe, the stocks remained steady as investors anticipated ‎crucial US inflation data on Wednesday, seeking indications ‎that could shed light on the Federal Reserve's future policy ‎direction. The Stoxx Europe 600 edged down by -0.2% while. ‎The FTSE 100 gained by +0.4% as positive British jobs data ‎increased the appeal of British stocks to investors overseas. ‎The country-level indices, , moved in the same direction and ‎were down in a range (-0.5|-0.3%). Meanwhile, wage growth in ‎the UK remained at a record high during the three-month ‎period ending in July, indicating sustained inflationary ‎pressures.‎

In Asia, the stock markets displayed volatility on Tuesday as ‎traders closely monitored the ambiguous economic prospects ‎in China and engaged in negotiations pertaining to currency ‎exchange rates. The indices in China closed negatively ‎‎(Shanghai Composite: -0.2%, Hang Seng: -0.4%). In contrast, ‎the Japanese benchmarks displayed a positive performance, ‎with TOPIX closing positively by 0.8% and NIKKEI 225 ‎recording a gain of 1.0%. Other major indices within the region ‎fluctuated within a range of (-0.8|+0.9).‎