*GLOBAL STOCKS RISE AS INFLATION DATA OFFERS HOPE AHEAD OF FED -
The U.S. central bank said last month when it raised interest rates by 50 basis points that the terminal rates may need to remain higher for longer to fight inflation.
Investors will get a better picture of the U.S. labour market this week, with several pieces of data scheduled, culminating in the employment report on Friday. "It is too early to start betting on a Fed pivot this year, and that should make this difficult environment for stocks," said Edward Moya, senior market analyst at Oanda in New York., which measures the greenback against six other currencies, fell 0.74% after rising 1% overnight in a sign of investors' uncertainty about the path forward for rates.fell to 3.6958%, and 2-year Treasury yields, which typically move in step with interest rate expectations, slipped 6 basis points.
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