Inflation figures in the United States are today expected to show the annual rate has fallen back from its four-decade high of 8.5%.
Economists are looking for CPI to ease to 8.1%, although this is unlikely to stop interest rates rising by another 0.5% next month.
Markets have stabilised after heavy selling over the past week, with today’s mood further helped by a rally for Asia shares after Shanghai reported a drop in new Covid infections.
