LONDON—Stocks were little changed on Tuesday as investors braced for more hefty interest rate hikes from central banks to quell inflation, with Sweden setting the tone ahead of its U.S., Swiss and British counterparts later in the week.
The dollar was steady near a two-decade high versus major peers, crude oil prices were little changed, and eurozone bond yields hit new multi-year highs on concerns over high energy prices.
Asian and European bourses used a tailwind from Monday’s advance on Wall Street to chalk up modest gains, with the STOXX index of 600 European companies flat.
The benchmark is down about 16 percent for the year as fallout from war in Ukraine and rising borrowing costs fuel recession fears….